Whitepaper

IDC snapshot: Modernizing risk and compliance in banking

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Today’s financial institutions struggle to adequately manage risk and ensure compliance with applicable regulatory requirements. Risk and compliance teams are often working with outdated systems and processes as evidenced by highly manual tasks, spreadsheets, and paper records. This state of affairs has resulted in siloed teams working with disconnected, fragmented systems and data from which clear, unified insights cannot be drawn. As a result, many board-level risk committees and internal audit functions have low confidence levels about the strategic management of risk across their organizations. Learn more.