1 – Better Audit Scheduling Management Audit scheduling is completely automated by internal audit software for banks. There is a display that shows all the audits that have been scheduled. When an internal audit is nearing its sched...

Businesses Have Very Different Cyber Security Needs Managing cyber security for individuals is very easy. Most of us have anti-virus applications installed on our computers which is more than enough to protect us against viruses an...

When any business moves into a new region it has to ensure that it complies with all the local laws and regulations. Most businesses can move easily – most industries are not heavily regulated, and thus the business can continue ope...

Quantitative risk analysis (also referred to as assessment) has been an important tool in the financial industry for a long time. In quantitative risk assessment all the risks are quantified, as the name suggests, which makes the risk...

Regulatory change management is an on-going process. Regulatory updates have become more frequent in the previous decade and banks and financial institutions have stepped up their change management tools accordingly. Managing this cha...

Managing risk is essential for all businesses but there is a difference in the resources available for small and large businesses when it comes to risk. Large businesses have dedicated risk management departments and can spend million...