IT Risk Assessment Software for Banks, Credit Unions, and Financial Services
From cybersecurity threats and infrastructure changes to vendor dependencies and operational disruptions, organizations need a structured approach to evaluating technology risks and maintaining effective controls.
Predict360 IT Risk Assessment Software helps standardize IT risk assessments through configurable workflows, centralized risk documentation, and consistent evaluation methodologies:
- Standardize IT risk assessments across business units and technology environments.
- Evaluate inherent and residual risk using configurable scoring methodologies.
- Link risks to controls, mitigation plans, and remediation activities.
- Track assessment progress with automated workflows and notifications.
- Provide management with real-time dashboards and comprehensive risk reporting.
Unlock Comprehensive IT Risk Assessments with Predict360
Predict360’s IT Risk Assessment software enables financial institutions to identify, evaluate, and manage technology risks through a structured, enterprise-wide approach. Built on industry-based enterprise risk management techniques, our software is designed with a particular focus on financial entities, offering robust features that meet the intricate demands of the banking and finance sectors. You can rely on:
- Real-time insight into IT Risk Assessment, trends, progress, and risk ratings.
- Standardization of risk and control taxonomies to streamline risk comparison and evaluation.
- Enterprise-level reports based on data from different business units, product lines, processes, and more.
- Executive visibility into risks and activities with drill-down details.
Complimentary Datasheet
IT Risk Assessment Application
Streamline IT Risk Assessments & Manage Controls
Advanced IT Risk Assessment Challenges
Financial institutions face many challenges in replacing manual IT risk assessments with advanced technologies. Organizations can overcome these challenges with Predict360 in several ways:
- Scalability: As organizations grow and their IT environments become more complex, manual risk assessments can become overwhelming. Predict360 IT Risk Assessment enhances scalability and handles increased data and more complex IT risk scenarios.
- Accuracy and Consistency: Manual assessments are susceptible to human error. Predict360 IT Risk Assessment provides more consistent and accurate results by reducing the chances of oversight or miscalculations.
- Comprehensive Reporting: Predict360 features activity-based dashboards and embedded Power BI for advanced business intelligence reporting.
- Risk and Control Content: Predict360 IT Risk Assessment offers optional risk libraries that can be added to your risk and control taxonomy.
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IT Risk Assessment Software from Predict360
Perform risk and control self-assessments and analyze them within your enterprise risk management framework.
- ERM Framework: Capture inherent and residual IT risk ratings, controls, and essential details. Assign risk owners, specify risk types, add management comments, and more.
- Regulatory Integration: No more silos! Link individual IT risks directly to corresponding regulations or business obligations. Stay ahead with compliance while managing risks efficiently.
- Real-Time IT Risk Insights: Gain live feedback on your RCSA progress. Know where you stand at any given moment with our intuitive risk management reporting.
- Enterprise-Ready Reports: Consolidate IT risk data from various business units into a singular, enterprise-level RCSA report. Simplify risk management without compromising on detail.
Control Testing Application
Dive deeper into IT risk management with Predict360’s Control Testing application. This add-on extends the capabilities of our Risk Management and Assessment tool, offering:
- Control Activity Oversight: Create or link tasks such as control tests, action plans for control enhancement, and oversight of issues stemming from process discrepancies or control test issues.
- Streamlined Testing Workflows: Incorporate both Design Assessment Procedures (DAP) and Operating Effective Procedures (OEP) seamlessly into your control examination processes.
- Optional Control Tests: Benefit from industry-recommended assessments and questionnaires, integrated into Predict360 IT Risk Assessment, and easily link them to the relevant controls.
Learn How 360factors Empowers Customers to Manage Their Risk and Compliance Programs with Ease.
We look forward to working with 360factors to advance our enterprise risk and compliance programs for the bank while increasing the products and services we offer to the community.
Mark Casel Chief Risk Officer
We selected Predict360 due to its ease of use, banking industry design, and endorsement by the American Banker’s Association.
Eric Sprink President & CEO
Predict360’s banking workflows, risk library content, and endorsement from the American Bankers Association are a great fit for our bank.
Julie Dahle EVP and Chief Risk Officer
As part of our initiative to expand our products and services, we wanted to enhance our enterprise risk and compliance management to support this growth. Predict360 will enable our team to meet these goals efficiently.
David Claussen Chief Risk Officer
360factors’ solutions, powered by artificial intelligence, enables our organization to adapt and respond effectively to the ever-changing regulatory compliance landscape.
Joanna Chancellor Business Support Manager
The powerful features combined with the easy implementation of the cloud solution made Predict360 a great fit for our organization.
Steve Parker Chief Executive Officer
We believe our collaboration with 360factors and the technology they bring supports our vision for the future.
Gina Anonuevo Chief Compliance Officer
Deploying Predict360 is another step by us towards becoming a more streamlined and efficient organization.
Crystal Barnes Regulatory Compliance Specialist
Why Choose 360factors?
360factors empowers organizations to accelerate profitability, innovation, and productivity by predicting risks and streamlining compliance.
Complete GRC
All the GRC tools you need integrated in one solution
Basic to Enterprise
From simple risk assessment to complete risk register and control testing
Speed & Execution
Insights into your risk program & control effectiveness
Fast Implementation
The cloud-based solution can be integrated within days
Flexible and Modular
Pick the modules you need for your business
Easy to Use
Automation and an intuitive interface ensure ease of useFeatured In
