Investment banks and brokerage firms are subject to strict legal and regulatory oversight, which means these companies must implement measures to ensure that their technology meets all of the established guidelines. Enter IT governance and ITIL frameworks for investment banks and brokerage firms. But when it comes to ITIL frameworks and IT governance software solutions,… Continue reading IT Governance and ITIL Framework for Investment Banks and Brokerage Firms
IBM OpenPages GRC Services | GRC Consulting – iTechGRC
Category: Industry
How to Build a Business Case for Implementing Enterprise Risk Management Software?
Enterprise risk management software can be a challenging sell when it comes to convincing company leadership, stakeholders, and other decision-makers to make an investment in this technology. You’re dealing with a threat or vulnerability that, to date, hasn’t caused any major issues and so, there is the hope that the status quo will prevail and… Continue reading How to Build a Business Case for Implementing Enterprise Risk Management Software?
How to Evaluate the Return on Investment for ERM?
Enterprise risk management software — or ERM — has gained an ever-increasing amount of popularity amongst companies in all industries and business sectors in recent years. Many point to the COVID-19 pandemic as the primary impetus for the rise of enterprise risk management software, alongside technologies such as the cloud, machine learning, artificial intelligence, and… Continue reading How to Evaluate the Return on Investment for ERM?
Policy Management Tools and Technologies for Credit Unions: A Comprehensive Guide
Financial institutions such as credit unions and banks are tasked with maintaining extremely strict policies and operational protocols. This uniformity and standardization make it far more difficult for “insiders” to commit crimes such as theft and fraud. But actually implementing and maintaining these policies, processes, and protocols is much easier said than done. Enter: policy… Continue reading Policy Management Tools and Technologies for Credit Unions: A Comprehensive Guide
How to Budget for Enterprise Risk Management Implementation?
Enterprise risk management software has seen increasing popularity in recent years and for good reason. Many business leaders seriously re-evaluated their company’s risk management strategy amidst the COVID-19 pandemic — an event that laid bare countless vulnerabilities and risk factors. Before the days of the COVID-19 pandemic, these risks, vulnerabilities, and threats were unrealized or… Continue reading How to Budget for Enterprise Risk Management Implementation?
Why Financial Services Companies Need a Robust Third-Party Risk Management Solution
Financial services companies are amongst the most highly-targeted type of business when it comes to the criminal element, including cybercrime. Businesses operating within the financial space are also highly vulnerable to regulatory compliance-related challenges, which translate into some very serious — and costly — third-party risk management and mitigation issues. For a financial services company,… Continue reading Why Financial Services Companies Need a Robust Third-Party Risk Management Solution
Common Financial Control Management Challenges and How Custom IRM Solutions Can Help
Financial institutions such as banks and credit unions are faced with a complex and diverse risk management and mitigation landscape — one that is exceedingly difficult to manage. You have stringent legal and regulatory compliance requirements and complex security requirements, and you must do business in a way that allows you to maintain the public’s… Continue reading Common Financial Control Management Challenges and How Custom IRM Solutions Can Help
The Benefits of Automating Your Mortgage Firm’s Third-Party Risk Management Processes
Third-party risk management — or TPRM — is a very real and very significant component of a mortgage firm’s broader risk management and mitigation strategy. Mortgage firms straddle two industries — the real estate industry and the financial space — and both are highly regulated and highly vulnerable to a broad range of risk factors… Continue reading The Benefits of Automating Your Mortgage Firm’s Third-Party Risk Management Processes
The Costs of Ignoring Third-Party Risk Management in Mortgage Firms
The mortgage and lending sector operates within a very complex risk management landscape — a landscape that becomes increasingly complex when you add in the issue of risk management. For lenders and mortgage firms, third-party vendors are an important consideration when examined within the context of risk management. But what happens if a firm’s leadership… Continue reading The Costs of Ignoring Third-Party Risk Management in Mortgage Firms
10 Common Pitfalls to Avoid When Implementing Model Risk Management in Financial Services Companies
Financial services companies routinely confront a variety of risk factors, threats, and vulnerabilities as part of their risk management and mitigation efforts. In fact, the financial sector is amongst the most highly targeted by criminals and it’s amongst the most highly regulated in terms of regulatory compliance. Beyond all of this, there is also the… Continue reading 10 Common Pitfalls to Avoid When Implementing Model Risk Management in Financial Services Companies