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Improved Risk Management

The major financial business processes of account opening for deposits and loan originations are the processes where risk management is most needed. It is during these processes where risk based programs for IFRS 9 and AML, CFT and KYC are most needed. Without integrated risk management, it is impossible to process new accounts in a secure and timely fashion, especially online. Developing integrated risk management for our customers and giving them the opportunity to dominate this market space is our job.

Our goal has been to identify and build the most complete solution that resolves the issues for the most important business processes within their organizations. With the RiskCALM4 Solution, you have the most comprehensive technology for a financial institution’s business processes with automated integrated risk management that dynamically enforces: IFRS 9, risk-based AML-CTF-KYC-FATF programs, internal business policies, and automated reporting to the Financial Intelligence agencies, such as the FIU and to correspondents.

What does that mean for regulators and correspondents?

  • Automated proof of compliance
  • Policy training for employees automated as the system dynamically executes policies and programs
  • Automated reporting for FIUs and correspondents
  • Proof of policy execution within business processes and risk-based programs through automated internal audit verification

What does it mean to your organization?

  • Automated risk-based pricing policies executed
  • Probability of default risk known dynamically prior to loan decisions in-branch or online
  • Loan documents are consistent with loan data
  • Staying compliant
  • Better service with the ability to open new accounts dynamically in-branch or online
  • Knowing the provisioning amount dynamically prior to loan approval in-branch or online
  • Digital expansion of online presence due to dynamic decisions during online process
  • And more…

Business always talks about the return on investment (ROI) in dollars spent versus dollars returned, and yes, ultimately you make a business purchase based on what return you get. Sometimes return is based on money saved due to efficiencies or expansion of base, due to improved services or increased revenues, due to increased business or new revenue streams. RiskCALM4® will return all of these benefits and more.

Many of these regulatory issues and staying in compliance demand new technology. That technology also facilitates, improved delivery channels, expansion of your base, improved customer service, improved marketing and cross-sales, and increased revenues. Each will be covered in the following emails. RiskCALM4®

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