Managing vendor risk is an ongoing process. As your organization embarks on or continues with this process, you want to get the most benefit from the program and ensure that the information you learn is used organization-wide to make better decisions. Organizations implement vendor risk management programs as a formal way to evaluate, track, and […]
Risk Management
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NICE Actimize launches Cross-Asset Cloud Markets Surveillance solution
NICE Actimize, a NICE Systems business and provider of financial crime, risk and compliance software for the financial services industry, recently announced the launch of its next-generation Actimize Cross-Asset Cloud Markets Surveillance solution, featuring Foreign Exchange (FX) and case Management capabilities. The solution targets foreign exchange, equities, fixed income, futures and options asset classes in a single hybrid cloud environment, and meets the unique compliance needs and regulatory requirements of both buy-side and sell-side firms.
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ProcessUnity and Argos Risk partnership delivers real-time third-party risk mitigation
Argos Risk and ProcessUnity today announced an alliance to integrate Argos Risk Online with ProcessUnity’s cloud-based Third-Party Risk Management solution. The integration allows organizations to automatically assess the overall financial health of third-party providers and key business partners as part of a comprehensive vendor due diligence process.
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Axioma acquires ConceptONE regulatory and risk reporting units
Axioma, a provider of risk management and portfolio construction solutions to financial institutions, has agreed to acquire the regulatory reporting and risk reporting units of ConceptONE, a global provider of back-office investment services. Terms of the deal were not disclosed.
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FINRA: establishing and implementing cultural values
The Financial Industry Regulatory Authority issued new guidance on what firms will be expected to discuss regarding their firm’s cultural values. FINRA plans to meet with business, compliance, legal, and risk executives to discuss how to communicate and reinforce values. “We are particularly interested in how your firm measures compliance with its cultural values, what metrics—if any—are used, and how you monitor for implementation and consistent application of those values throughout your organization,” FINRA stated.
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Follow the Money: New technologies aid in the fight against money laundering and improve bank compliance
Money launderers are always looking for new ways to integrate the proceeds of their crimes into the legitimate financial stream. Criminals are also increasingly laundering money through smaller regional banks, believing that these institutions do not have the millions to invest in the processes and technology needed to effectively resolve entities. To curb this scourge […]
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RiskVision introduces Active State Risk Intelligence solution
RiskVision, an enterprise risk intelligence company formerly known as Agiliance, recently announced the launch Release 8.0 of its RiskVision solution with Active State Risk Intelligence, which provides “always on” assessments, Big Data scale, proactive insights, and regulatory ready results, establishing new benchmarks for risk management effectiveness and efficiency.
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STOPit launches risk mitigation tool to prevent workplace misconduct
STOPit announces the launch of STOPit PRO, a compliance reporting platform that enables companies to mitigate risk and prevent financial liabilities by empowering employees to anonymously report fraud, unethical behaviors, and product related issues.
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Mitigating third-party risks
Most companies by now understand the escalating risks that third parties pose to their business and are ramping up their third-party risk management efforts accordingly. Even still, many struggle with how to achieve full transparency into the breadth and depth of their third parties, exposing themselves to significant legal and compliance risks.
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NopSec Unified VRM 4.0 simplifies security threat remediation
NopSec, a provider of vulnerability risk management and remediation workflow solutions, this week unveiled Unified VRM 4.0 to help organizations take a more proactive approach to vulnerability management and, more importantly, remediation. The latest enhancements further close the gap between detection and remediation by empowering security teams with faster, easier risk reporting, prioritization and workflow.
