360factor Blog
The Limits of Spreadsheets Versus Risk Management Platforms
Spreadsheets are a common way to store and analyze data in businesses operating in every industry globally. As good as spreadsheets are, certain limitations show up when it comes to specialized domains. Risk managers have ...
Assessing Vendor Risks in a Digital Age
Best practices for vendor risk assessments can be challenging to adopt if the risk management program in an organization is based on manual data aggregation and reporting methods. Capturing, processing, and evaluating the ...
How Technology Helps in Managing Regulatory Examination
As regulatory examinations get more sophisticated with time, compliance teams must quickly and thoroughly prepare for the exam. After all, unfavorable investigative findings may have far-reaching effects. The credibility of...
How Real-Time Risk Analytics Help Financial Organizations
Real time risk analytics is one of the most revolutionary parts of modern risk management frameworks. It is important to remember that previous to data analytics tools, it was almost impossible for most banks to access anal...
Factors Fueling the Rise in Regtech Implementations
Banking is one of the most regulated industries, and the regulations are only increasing as new generational and fintech practices emerge. These new dynamics have resulted in the emergence of hitherto unknown legal frameworks and ...
Understanding the Recent Fintech Related Guidance Proposed by the Federal Reserve, OCC, and FDIC
Fintech entrants have completely changed the way banks and financial institutions interact with third parties. Fintech third parties are integrated within the banking network, which exposes banks and financial institutions to...