Frontend technology has fast become the new frontier for banks seeking a competitive edge in their industry. Customers want better and quicker service, which is why banks and financial institutions are concentrating on fintech solutions to enable speedier service delivery. This topic frequently overlooks how game-changing it might be to focus on the organization's backend technological foundation. It has the potential to give a durable competitive advantage that gradually widens the gap between

After years of expense increases, many financial institutions seek methods to reduce or even eliminate their compliance budgets. According to the 2019 ABA Survey of Bank Compliance Officers Report, the average financial institution spends around 5% of its total budget on compliance. 

Nonetheless, compliance departments struggle to accomplish their mission given their present resources. According to a recent poll, two-thirds of compliance officers see a lack of time to handle regulatory complianc

Hi Global Risk Community member,

If your company is looking to go public, you know there are hurdles to overcome to meet the compliance requirements for financial reporting, business processes, and user access into your critical business systems.

Don’t wait to put the necessary controls in place.

The Sarbanes-Oxley Act requires CEOs and CFOs to be responsible for the integrity of the financial statements of the company.

Ernst and Young recently stated, “Companies that exceeded overall ma

Managing business continuity and information security is critical for risk management and compliance in an era of digital transformation. These two considerations are essential for businesses to remain current, stable, and healthy in the market, with an internal alignment consistent with best protection practices. 

These notions are similar and, as a result, may be misunderstood. In this regard, the objective is to understand what each one entails and how they interact. Additionally, to provide