An increasing number of banks are being subjected to hefty fines and penalties due to non-conformance with regulatory requirements. Moreover, the pace of regulatory change remains disturbingly volatile . Clearly, ensuring compliance with an increasingly complex set of regulations is one of the key challenges that the banking industry facestoday. Therefore, banks are looking at technology that facilitates and simplifies conformance to regulatory requirements.
The MetricStream solution provides a common framework and an integrated approach to manage all compliance requirements from the Federal Board, GLBA, KYC, AML, Basel II, etc. With embedded best practices, automated information flows, assessments and testing, and remediation assignments, the MetricStream solution ensures consistent compliance and control processes across the enterprise, eliminating any deviations and errors as well as redundant activities .
The solution has powerful MIS capabilities for streamlined reporting. It also provides embedded compliance dashboards and heat maps that provide enterprise-wide visibility into the compliance management process, highlighting issues that need to be addressed. In addition to pre-configured standard compliance reports, the system provides tremendous flexibility by enabling stakeholders to configure ad-hoc or scheduled reports.
Key Compliance Requirements Addressed by the Solution
Whitepapers: Integrated Risk and Compliance Management Solution: Benefits of a Holistic Approach
Solution Brief: Sound and Effective Compliance Risk Management
Case Study: Global Bank Brings Compliance Risks under Control
Recorded Webinar: Rethinking Operational Risk
Expert Speaker: Christopher E. Mandel
MBA, CPCU, CCSA, ARM, AIC, RWW
Select Customers in Banking