360factor Blog
Elevate Your Bank’s Compliance Management Process with 6 Strategic Moves in 2024
The year 2024 will be pivotal for banks and financial institutions, where the compliance management process is expected to become more than just a regulatory formality—and evolve into a strategic imperative. Compliance management...
Five Steps of the Risk Management Process
Risk Management Process The risk management process is a framework for the actions that need to be taken. There are five basic steps that are taken to manage risk; these steps are referred to as the risk management proce...
5 Key Challenges Affecting Third-Party Risk Management Systems and Their Solutions Set
In the current era, business ecosystems are becoming progressively interdependent, and as a result, third party risk management (TPRM) systems have become paramount in corporate strategy. When a business outsources part of its proces...
Exploring Risk Management and Recent Trends to Impact the Insurance Sector
The insurance industry, renowned for its adaptability, has undergone a wide array of changes in recent years. The world has been shaped by macroeconomic shifts, emerging risks, and innovative business models. To succeed and thrive, i...
A Strategy for Navigating Fraud Risks and Building Resilience in the Insurance Sector
The insurance sector plays a pivotal role in safeguarding individuals and businesses against various risks, providing financial protection and peace of mind. However, like any industry, the insurance sector is not immune to risks, an...
Generative AI Risks in IT and Cybersecurity for Financial Organizations
Generative AI tools have really come to the forefront of digital revolutionary advancements in the last couple of years. There is no doubt that these tools offer unprecedented capabilities in content creation and manipulation, but fi...