Banking, Financial Services and Insurance companies today are burden with managing risks and complying with strict regulations. Specific challenges include:
- Access to credit and capital
- Increased regulatory overhead
- Uncertainty over economic growth
- Management of under-performing assets
- Cost containment
- Consumer transparency
- Reputation management
It is in this environment that the Chief Risk Officers (CRO) and Chief Compliance Officers(CCO) need to operate effectively and efficiently. Specifically, the risk and compliance functions require solutions that:
- Provide a complete and accurate enterprise view into risk
- Ensure compliance with myriad regulations across multiple geographies within cost and time constraints
- Contain internal fraud
- Link risks to root causes, events, hazards and other elements of governance, risk and compliance
- Manage project risk and govern investments
- Create a single, integrated view of risk and compliance across the organization
Cura Software’s suite of Governance, Risk and Compliance (GRC) Management solutions was developed to help banking, financial services and insurance organizations make their risk and compliance initiatives more effective and efficient. With a host of satisfied customers including Bidvest Bank, Capitec Bank, City Pacific, Development Bank of Southern Africa, FirstRand, Glencore, Lifeplan Funds Management, Montpellier Group, Standard Bank, Old Mutual PLC, Sanlam and Imperial Bank. CURA Software is the undisputed leader in risk and compliance for the banking, financial services and insurance (BFSI) industry.
Specifically, Cura Software enables Banking, Financial Services and Insurance companies to:
- Implement Enterprise Risk Management best practices through a flexible, easy-to-use information system that allows organizations to identify, analyze, evaluate and treat both risks and opportunities in order to protect the corporate brand, create value for shareholders, owners, employees, customers and regulators. Learn More…
- Create a single, integrated system of record for all risk and compliance related information. Learn More…
- Loss Events, Whistleblowing and Case Management complete with 3rd party integration and advanced scenario analysis, assist in better governed organizations with documented investigations and audits.
To learn more about Cura Software and our GRC solutions for the Banking, Financial Services and Insurance industry visit the links below or schedule a live Cura Software demonstration.