When banks and other financial institutions look for risk and compliance management technology, they generally frame the process in the context of improving their current risk and compliance management framework. Most expect their existing risk and compliance processes to be faster and more efficient. Risk and compliance solutions deliver on this promise, but they […]
Risk and compliance management are both dynamic domains that evolve over time. Risk and compliance are affected by a changing business landscape, the economy, customer demands, corporate vision, and much more. Information technology has been the driving force behind most of the changes we observed in banking. The 2008 financial crisis was another major […]
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 […]
The sudden shift to working from home has challenged management throughout many industries, including banking and financial services. A primary concern is that employees used to collaborating face-to-face throughout the workday can experience less productivity and effectiveness when in-person collaboration is not possible. This challenge is exacerbated in industries which require a quick response […]
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 […]