360factor Blog
Benefits of Business Intelligence for Financial Risk Management
Business Intelligence or BI processes enable financial institutions to organize their data for easy access and analysis. Stakeholders can select and analyze relevant information to make more proactive, informed choices. Business...
Why Does Combination of Qualitative and Quantitative Risk Assessment Works Best?
When we consider risk assessment for the financial sector, there are more than one-sided views, and it often requires perspectives on both qualitative and qualitative analysis. The combined approach holds importance in today's un...
Professional Risk Management Steps for Financial Success
Every business has risks that it needs to overcome. Following the steps of risk management provides an understanding and solutions to mitigate accordingly. Some organizations oversee their risk management manually, which incl...
Regulatory Compliance and The Role of Data in Risk Management
Regulatory compliance is more than following rules and regulations; it is a business. Regulations can fuel an organization's growth or slow its initiatives for innovation. Compliance and non-compliance both impact a company's f...
Managing Compliance Risks: Essential Tips for a Systematic Approach
Managing compliance risk can feel like a daunting task, yet it is necessary to ensure smooth operations for banks and financial organizations. As global regulations and accessibility increase so do compliance risks. Depending on...
Automated Compliance Management – Key Reasons and Its Advantages for the Financial Sector
Automated compliance management means utilizing Artificial Intelligence (A.I.) powered systems to eliminate manual administration from compliance activities. When banks, credit unions, FinTechs, insurance companies, mortgage comp...