Cadence Bank creates a new rhythm to risk management

The challenge

Cadence Bank‘s mission is to help companies and communities prosper. With a broad range of products for both personal and business banking, it’s known for its comprehensive financial services.
But operating in an increasingly volatile and uncertain business environment meant they needed an audit and risk environment that was fully integrated, robust and agile so that every arm of the bank could be aware of existing and emerging risks. 

The solution

Ensuring compliance and improving audit quality were top priorities, so they needed to address:. 
•    Fragmented audit processes across multiple entities
•    Inefficient risk management practices
•    A need for enhanced audit quality and consistency 

They recognised they needed an effective solution to integrate their audit and risk management functions:

•    Comprehensive audit management capabilities
•    Real-time risk assessment and reporting
•    User-friendly interface that promotes adoption across departments

The implementation

Cadence Bank got the clarity and confidence they needed to make a real difference. Turning to Ideagen has got them into a good groove with their audit and risk management processes ensuring better integration, quality and efficiency. 
This transition allowed the bank to focus on delivering high-quality audits and proactive risk management, ultimately benefiting the organization and its stakeholders.

The outcome

By finding a fully integrated solution, Cadence Bank transformed their operations, enabling seamless integration and improved efficiency. Adopting Ideagen led to:
•    Streamlined audit processes for over 200 entities
•    Achieved seamless integration of risk management across all departments
•    Enhanced audit quality and efficiency through real-time reporting and assessment

In 2023 Forbes placed them among the World’s Best Banks and the Federal Deposit Insurance Corporation awarded them the overall ranking of ‘outstanding’ in the Investment and Service categories.