360factor Blog
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...
How Machine Learning and AI Enables Proactive Risk Management for Banking and Financial Services Organizations
Machine Learning (ML) and Artificial intelligence (AI) are algorithms that identify patterns in data sets and imitate decision-making, like humans. Both these principles replicate human learning to improve their accuracy and effi...
Increase Revenue by Offering Banking-as-a-Service to FinTechs While Ensuring Regulatory Compliance and Minimizing Risks
Innovative banks of all sizes are partnering with fast-growing FinTechs to increase revenue in today's competitive, low-margin business environment. A recent Cornerstone Advisors survey revealed, "Nearly two-thirds of banks and...