Risk and Compliance posted a blog post
The method by which a firm manages the risk of conducting business with people outside the organization is known as third-party risk management. It is typically used to evaluate third parties in the sales force or distribution network, as third…
Friday
Risk and Compliance posted a blog post
For years, a statistic has been widely circulated in the customer service profession. According to Lee Resources, for every client that files a complaint, 26 other consumers experienced the same experience but fled rather than complain.
The number…
Thursday
Risk and Compliance posted a blog post
Banking, Financial Institutions, and Insurance (BFSI) is a highly regulated business with many compliance-related tasks that must be carried out correctly for appropriate and risk-free activities. With the growth in linked activities across…
Nov 28
Risk and Compliance posted a blog post
The Risk Control Self-Assessment, an operational risk assessment method, is employed to recognize and analyze operational risks and evaluate the effectiveness of the firm's procedures in handling such risks. Simply put, it gives several perks to…
Nov 24
Risk and Compliance posted a blog post
Compliance is the framework to guarantee that your firm, healthcare institution, or agency of law enforcement is adhering to the various rules, laws, and regulations that regulate your sector and the approach your organization uses.A compliance…
Nov 21
Risk and Compliance replied to GlobalRiskCommunity's discussion U-turn compliance and reputation risk
"To improve a bank's reputation, firms should use better Risk Management and Compliance Management software. If you're looking for such suites, Predict360 got you covered! 
You can request a…"
Nov 21
Risk and Compliance posted a blog post
As per Forbes, 63% of customers will abandon a firm after only one negative encounter, and approximately two will not stand in line and over two minutes for help. Complaint management is to resolve consumer complaints, find areas for development,…
Nov 17
Risk and Compliance posted a blog post
Vendor Risk Management (VRM) and Third-Party Risk Management (TPRM) are programs that organizations employ to assess their relationships with third parties or vendors for potential risks. The most common types of risks an organization will want to…
Nov 16
Risk and Compliance posted a blog post
Seeing a firm going bad is difficult when things are proceeding well; however, leaders must constantly be prepared for the worst-case situation. Integrating enterprise risk management throughout your overall company's strategy is critical to…
Nov 10
Risk and Compliance posted a blog post
Compliance management is the procedure of ensuring that workers and activities within the business are following applicable laws, rules, and requirements. Authorities, regulatory and industrial groups, and workers' unions are among the institutions…
Nov 4
Risk and Compliance posted a blog post
Risk Control Self Assessment (RCSA) is a technique for identifying and examining operational dangers as well as the effectiveness of risk management systems. The goal is to guarantee that all corporate risk management goals are achieved in a…
Nov 3
Risk and Compliance posted a blog post
Enterprise risk management is an enterprise-related risk management approach. Since its introduction, the approach has been adopted by many industries and sectors as it offers various benefits.ERM aims to tackle risks strategically and delivers a…
Nov 1
Risk and Compliance posted a blog post
Businesses have traditionally valued customer feedback. For various reasons, good complaint management is crucial. The most reasonable explanation is that dealing with client complaints is essential to customer service. Many businesses use complaint…
Oct 28
Risk and Compliance posted a blog post
Compliance management is the practice of ensuring that personnel and activities within the business are following applicable laws, rules, and requirements. Governments, regulatory and industrial groups, and workers' unions are among the institutions…
Oct 26
Risk and Compliance posted a blog post
Effective risk management is a top issue for any firm, and the pandemic has highlighted the need to promote a culture of adaptive risk management and implement efficient controls. Risk Control Self Assessment (RCSA) is a method that enterprises may…
Oct 24
Risk and Compliance posted a blog post
Enterprise Risk Management (ERM) is the act of recognizing and systematically managing probable occurrences that pose risks to accomplishing strategic goals or prospects for strategic advantage.The evaluation of important risks and the execution of…
Oct 20
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  • 4CRisk suite of AI-powered solutions (https://www.4crisk.ai/solutions ) assist the 'Compliance Professionals' from being reactive and tactical to being proactive and strategic. Move the burden of discovery and analysis to the AI platform.

    Other Key Business Benefits:
    - Improve regulatory productivity and the line-of-defense coordination
    - Keep pace with the complex and changing regulatory environment
    - Manage inefficiencies in a largely manual and paper-driven process
    - Attest to the board, regulators, and external stakeholders that a robust compliance framework exists
    - Prevent exposing the firm to regulatory enforcement actions and reputational damage
    - Lower the cost of compliance
    Solution Journey
    RegTech solutions that lower the burden of discovery and analysis on your compliance teams. Increase the confidence of your board and avoid regulato…
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