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Enabling A Better Relationship With Regulatory Bodies Through Technology

We often talk about the benefits which risk and compliance technology can provide to banks and financial institutions. Risk and compliance technology can help improve the efficiency of the risk and compliance teams, enable better visibility, automate processes, streamline workflows, uncover insights, provide business intelligence, and much more. However, there is another major benefit […]

The Impact of the COVID-19 Pandemic on Domains of Bank Governance, Risk, and Compliance Management

Most threats are a risk to limited sections of the economy and businesses. The Covid-19 Pandemic is unique because no other event in modern times has had such a disruptive and widespread impact on our economy. Banks are the backbone of any functioning economy which is why banks have been at the forefront of […]

Revolutionizing Risk Assessments with Automated Control Management

Control management and controls are an integral part of the line of defense in any organization’s risk framework. It is impossible to avoid risks, because every action taken has an inherent risk. Businesses thus need to ensure that they are managing risks through different mitigation strategies. That is what the controls are – the […]

Improving Risk and Compliance Results With Smarter Data

We live in an era where data has become one of the biggest commodities. Some of the biggest businesses in the world achieved success by using data. Any business that wants to get more out of its risk and compliance efforts also needs to realize the importance of data and what it can do […]

The 3 Questions The DOJ Wants You To Answer About Your Compliance Program

The US Department of Justice has recently updated their criteria for the evaluation of corporate compliance programs. The new updates are in line with a trend we have seen in other parts of the regulatory framework – a shift towards evaluating compliance programs instead of simply evaluating compliance performance. There was recently a joint […]

Do Your Organization’s Compliance Officers Have The Compliance Tools They Need?

We all expect the highest level of performance from the compliance departments within our organization. Compliance is critical to any business in a regulated industry, and a misstep in compliance can cause significant damage to the business, its reputation, cash flow, and even its ability to make its own decisions. Everyone knows this importance, […]