Confronting financial crime with tech-enabled risk assessments
Risk assessment – simplified
Addressing the heightened risks of financial crime in the digital age means businesses should have a robust risk assessment process in place. Coordinating these efforts, especially for global firms, can be daunting and resource-intensive. But the price of insufficient risk assessments is high, including penalties from regulatory agencies, and loss of customers and revenue.
Read Confronting financial crime with tech-enabled risk assessments ––
Going beyond a snapshot in time for insights about staying ahead of regulatory risk, including how:
· A data-driven, methodological approach can help you be consistent across all business units
· Establishing a regular, frequent cadence for risk assessments can improve their effectiveness
· How technology can help improve risk assessment processes
Ready Assess, a PwC product, can conduct end-to-end risk assessments in a visual, interactive, trackable and actionable format. With continually updated metadata, Ready Assess, can help you stay current and compliant with regulatory standards. This customizable platform delivers data-driven insights that can give you a holistic view of your evolving business risk to empower better decision-making across your organization –– and help stay ahead of bad actors.