In this video, we shall learn about different types of risks that are faced by financial institutions such as Conventional Banks, Digital Banks, Money Service Businesses, Insurance, Payment Gateways, and other similar institutions. There are various categories of risks such as Credit Risk, Market Risk, Operational risk, Compliance Risk, Insurance Risk, Liquidity Risk, Inflation Risk, etc, however, we shall broadly discuss the key risk types to understand the risk concepts. Understanding types of risk is important because risk identification and management processes require the assessment of these risks for risk avoidance, risk reduction and risk mitigation.
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