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Audit, risk and compliance software for financial services and banking

Transform risk efficiency and effectiveness, improve operational performance, streamline internal audit, and remain resilient to risk with our audit, risk and compliance software for financial services and banking.

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What are the challenges facing the financial services industry?

Financial services is the most highly regulated industry in the world. Financial compliance software is now a must-have for all firms. The last 10 years have seen a rapid expansion of the audit, risk, and compliance functions within financial institutions of all sizes. Industry professionals are looking for solutions to the challenges of:

Business continuity and resilience

Increasing regulatory complexity

Identifying emerging risks and opportunities

Protecting their firm’s reputation

Remaining strong in times of crisis

Responding quickly to changing market dynamics and evolving threats

Leverage the power of technology to protect your firm from threats

Ideagen’s audit, risk and compliance solutions are focused on monitoring and controlling risks that could affect the achievement of corporate objectives. It aims to include all potential threats and opportunities. Our enterprise risk management software for banks integrates people, processes, technology and data to protect financial firms against all types of business risk.

Strategic risk

Understand your business like never before.

Ensure your strategic objectives are met by embedding strategic risk capabilities throughout your organisation.

Our strategic risk software solution allows you to:

  • Define key business strategy and objectives using embedded frameworks and scorecards.
  • Visualise performance against targets in real-time and perform data analysis on KPIs. Quickly identify risks through traffic-lighted gauges.
  • Provide senior executives with holistic and snapshot views of risk in real-time reporting and monitoring dashboards.
  • Anticipate potential concerns and plan accordingly with KRIs. Set tolerance levels and automatically trigger action when tolerance is breached.

Compliance risk

Protect you and your business against penalties and fines.

Embed professional practices throughout your business and ensure adherence to legislative and regulatory policies of the financial sector.

Our compliance risk software solution allows you to:

  • Implement better governance through clear understanding of your organisation‚Äôs legal and regulatory requirements.
  • Clearly communicate policies and associated procedures to improve standards of individual accountability.
  • Deliver fast and accessible dashboard reporting to stakeholders.
  • Facilitate effective regulatory compliance in a central, maintainable system of record.
  • For UK firms, provide a unified solution for SM&CR and T&C in accordance with FCA and PRA requirements.

Operational risk

Minimise losses and automate processes to deal with operational risk effectively. 

Monitor risks from every angle and¬†anticipate every type of disruption¬†‚Ästfrom¬†people, processes,¬†systems,¬†or external events.¬†

Our operational risk software solution allows you to: 

  • Create¬†risk registers for top¬†operational¬†risks¬†such as cybercrime and fraud, and¬†apply automatic alerts when incidents occur.¬†
  • Monitor top risks via traffic light gauges and create streamlined processes to¬†act¬†quickly.¬†
  • Maintain¬†documents in a central¬†location,¬†and¬†ensure complete transparency and traceability with¬†full audit trail.¬†
  • Easily demonstrate to regulators that operational risk levels are acceptable and¬†controlled.¬†

Enterprise risk

Consolidate your view of risk for holistic, data-driven decision making. 

Bring together data from siloed repositories to create a single source of the truth. 

Our enterprise risk software solution allows you to: 

  • Ensure¬†good¬†risk management is cascaded down throughout the whole organisation.¬†
  • Improve¬†senior managers‚Äô ability to oversee the risk portfolio¬†via an integrated approach.¬†
  • Implement a¬†dynamic approach to documenting and assessing‚ÄĮrisks,¬†defining¬†and testing controls, identifying issues and performing mitigation plans.¬†
  • Implement a maturity journey for your risk management¬†functions to create lean and resilient ERM.¬†

Reputational risk

Make your company reputation a priceless asset.

Ensure your brand is trusted by the public, employees, clients, regulators and shareholders with comprehensive reputational risk management.

Our reputational risk software solution allows you to:

  • Align Training and Competency efforts with a programme for cultural improvement.
  • Automate regulatory compliance with a full audit trail, comprehensive reporting and visually engaging dashboards.
  • Establish consistent standards for the identification, assessment and management of reputational risk issues.
  • Provide real-time metrics on performance, processes and assets, ensuring that business leaders have complete visibility and are able to exercise agility in risk management.

Manage money laundering risks

Use a checklist to support auditing activity

Our internal audit checklist provides a useful tool for managing your audits from start to finish. Ensure key actions have been completed and that your team is following a structured process.

Download checklist

Navigate anti-money laundering regulations

Our white paper discusses recent regulatory changes in the UK and EU. Find out what you need to do to comply and how technology provides a key role in managing risks and requirements.

Download white paper

Guidance on how to choose the right software

Our software guide goes into detail about what to look for in an auditing software solution and the key features and functionality that are essential in meeting stakeholder expectations.

Download guide

Future proof SMCR compliance with regtech solutions

Is your firm struggling to meet the FCA’s specific requirements for SMCR? Our white paper explores how regtech solutions, including SMCR technology, can help you to comply with this regulation and uphold the standards expected of your firm.

Download white paper

Digital transformation in banking: Chase app debuts in London UK

With the recent arrival of JP Morgan’s new digital consumer bank, Chase, in the UK, we consider how digital transformation in banking is shaping the future of the financial services industry.

Read blog

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