Compliance Automation

3 IT Policies That Can Enable Better Compliance Management

The focus of most risk management teams is to ensure that their organization can survive the pandemic and continue to deliver essential services. The pandemic has also exposed the vulnerabilities of many financial institutions when it comes to IT infrastructure, compliance management, and risk management. The financial sector is different from most other sectors […]

How Digital Payments, Contact-less Banking, and the Blockchain Will Affect Compliance Management

The banking and financial services sector has been at the forefront of adopting technology to enable better and secure customer experiences. The current pandemic has catalyzed the transition to digital systems, but it is important to understand that banks and financial service providers were already focusing on their digital infrastructure. The pandemic has only […]

Eliminating Risk and Compliance Blind Spots with Predictive Technology

Businesses are often blindsided by risk or compliance related blind spots because we often focus on managing risk and compliance issues that have been detected. These blind spots are areas where the business has little-to-no visibility, thus emerging risk and/or compliance issues in the area may not be detected until it is too late […]

Detect Issues and Violations Early Through Compliance Monitoring

The importance of compliance controls cannot be overstated. Having the right compliance framework is important not just to management, but to the regulatory bodies as well. The biggest compliance penalties are usually levied on banks which did not have the proper controls in place, because it represents a structural failure. That is why compliance […]

The Basics of Regulatory Compliance

Regulatory compliance is one of the central components of our GRC solution – the compliance module has even been endorsed by the American Bankers Association – thus it is a topic we are very interested in. It is fascinating how important regulations are and how much of an effect they have on the way […]

Volkswagen Announcement Reaffirms the Importance of Culture of Compliance

The whole scandal and fines were also widely covered in mainstream media, which resulted in reputational losses that will take decades to rebuild. The new leadership started by doing an in-depth audit of the organization to understand how such a breach of ethics could occur within their organization. They found that the lack of […]