Cloud solutions have been available for businesses for a few decades now, but their importance has become clear in the past few months. Banks and financial institutions that were managing risk and compliance without using cloud solutions have suddenly found themselves unprepared for our current working conditions.
Cloud solutions allow the whole organization to collaborate […]
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 […]
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 […]
Collaborating with and monitoring the work of the rest of the organization are essential components of compliance management. The compliance team is tasked with not just ensuring that employees are following the required protocols, but also that new employees are trained according to regulations. It is a tough job, requiring the compliance team to […]
Enterprise compliance management remains a challenging domain for most businesses. Organizations are often reacting to compliance issues instead of proactively handling the compliance framework to eliminate the root causes of non-compliance. We are known for our compliance expertise and have helped multiple organizations improve compliance management and turn the compliance department into an asset […]
Compliance monitoring and testing is essential for any organization that wants to ensure that its compliance framework is performing at peak effectiveness. Carrying out tests and monitoring results is a complicated task that organizations often struggle to manage efficiently. Following are 6 compliance monitoring and testing functionalities that a centralized compliance solution delivers. Each […]