Overview
Transform the Way You Manage Nonfinancial Risk
On the back of growing uncertainty in the business world coupled with geopolitical and regulatory changes, effective management of nonfinancial risks is becoming ever more important.
While nonfinancial risks are more qualitative in nature compared to financial risks, the biggest challenge is driven by rapid developments in technology and the extensive data that need to be incorporated into the risk management process.
Throwing more resources at the increasing complexity won’t solve the problem. Evalueserve’s approach maximizes efficiency and effectiveness by implementing the latest technology to tackle copious structured and unstructured data, combined with domain expertise to best define holistic business rules and processes.
As the organization and the business landscape get complicated, more processes and controls have been added on top of each other.
The sheer amount of data, both structured and unstructured, that need to be processed is growing exponentially.
Banks need to integrate non-financial risk into their holistic risk management framework.
Our Advantage
Delivering Results
Productivity improvement
Cost savings
Increase in efficiency
Our Capabilities
Maximize Efficiency with Agile Solutions Built for You
Financial Crime / AML
Recognize the power of intelligent technology in gathering relevant data for the risk assessment. Establish best-in class KYC process utilizing the latest technology.
Supplier Risk
Conduct a thorough assessment using structured and unstructured data across an exhaustive set of risk dimensions. Develop an interactive supplier risk dashboard for early warning of supplier risks.
Conduct Risk
Enable early identification of misconduct through comprehensive detection strategies developed by ML and statistical analysis. Reduce false positives in the alerting process.
Reference Case
Leverage Analytics to Boost Operational Risk Management
Wealth management and investment management teams are under increased pressure to perform combined analytics as part of operational risk management. This is due to demands for analytical rigor from regulatory authorities such as FINRA. We helped a US bank to proactively identify and manage bad actor risk, improve name screening for AML monitoring, and maintain financial advisor compliance.
Related Resources
Optimize your outcomes.
Managing Risk Through Good Data Management
While data can certainly be used to keep financial organizations informed and reduce their exposure to risk, it is important to consider what sort of data is most useful and what is the most effective way of gathering and using it. Not all data or all data management systems are equal.
Model Risk Management in a post-COVID World: Highlights From “Advanced Model Risk 2021”
Advanced Model Risk 2021 event offers eye-opening view of how MRM models enhanced through improved technology and practices.
How to Move from Data Management to Risk Management in KYC
KYC as risk management, rather than data management, remains elusive for financial services firms as well as for the high-value goods and other industries
Leverage Analytics to Boost Operational Risk Management
We helped a US bank to proactively identify and manage bad actor risk, improve name screening for AML monitoring, and maintain financial advisor compliance.
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