Regulatory Change Management Challenges
- Manual risk and compliance tools are ineffective in managing regulatory changes and activities and aggregating risks from all the departments into a holistic view of the organization.
- Financial institutions must keep track of a large volume of regulatory changes across multiple jurisdictions, which can be overwhelming and time-consuming to manage without AI-powered solutions.
- The use of different tools across multiple departments increases costs, creates silos and results in data and reports that cannot easily be compared or combined.
- Silos are a major obstacle for risk and compliance executives that require up-to-date business intelligence to make the right decisions in a timely manner.
- Understanding how regulatory changes affect existing processes, products, and systems is crucial but requires extensive manual interpretation and assessment, which can be difficult to manage.
Learn How 360factors Empowers Customers to Manage Their Risk and Compliance Programs with Ease.
I have loved using Predict360 for the last few years. We implemented the following models: Complaint Management, Compliance monitoring and testing, Issue Management, and RCSA.
Jennifer G. Director of Compliance Testing
360factors as an organization as it comes to helping with questions, providing professional services support, listening to feedback on the Predict360 software, and implementing changes or enhancements. The Predict360 is a pretty easy software to understand and interact with from an end user perspective.
Conrad S. ERM Director
Cloud-based SaaS platform, offering multiple modules for risk and compliance in one platform, AI-powered, affordable, easy to use, endorsed by American Bankers Association (ABA).
A Predict360 User Director Risk and Compliance
Predict360 is a beneficial GRC software, and it is helpful to mitigate risk and provide on-time regulatory updates. The software runs smoothly, and the customer support is fantastic. And most important is that it has been endorsed by American Bankers Association (ABA).
A Predict360 User Head of Risk and Compliance Management
The Predict360 team is responsive and knowledgeable. They are easy to work with and value suggestions and feedback.The availability of ABA and community-based risk and control libraries helps identify any missing risks or controls in our risk assessments. The ease of choosing which solutions work best for our institution and customizing those to fit our needs…
Heather D. Enterprise Risk ManagerFeatured In
