Financial risk is a well-known threat that CFOs factor into their decision-making.
Trying to mitigate that risk through a manual approach of emails, spreadsheets and binders is an ineffective defense. In today’s banking industry, there continues to be a steady uptick in instances of financial risk that can impact both financial institutions and their customers.
To combat the most visible risk of fraud, regulators have implemented more stringent rules and banking organizations must be prepared to meet the growing compliance demand—these demands will not be easily met with manual methods. Adapting your manual processes, tools and strategy with automation is not an easy or necessarily quick process.
This eBook will take you through the four major steps you should take to implement a solid risk management strategy for your financial institution using financial process automation