Almost a decade after the major financial crisis, the global banking industry is rapidly stabilizing with robust advancements in the corporate, investment, and transaction segments. Banking institutions and financial services are increasingly seeking to align their operations with the regulatory requirements, thus cementing consumer trust and ensuring seamless growth.
The incorporation of technological innovation is empowering the banking sector to automate its essential compliance functions and ease the regulatory pressure. Organizations across the industry are shifting their strategies toward a more technological approach, enhancing their operating models to keep pace with the evolving trends.
Several operations performed by the compliance department are being delegated to the operational management, thus enabling compliance to manage risks without compromising business productivity. The shift has empowered the compliance sector to streamline and enhance its capabilities.
The rise of globalization, the emergence of new businesses, and the advancement of technology are changing the way banking organizations consider risk management. The evolving landscape is spurring regulators to introduce standardized rules and principles to ensure robust safeguards for customers and investors. To overcome the challenges in data and customer privacy, it is imperative for banking institutions and financial services to collaborate with robust solution providers and bolster their compliance.
Inspired by the innovative trends transforming the industry, Banking CIO Outlook has compiled a list of ‘Top 10 Risk and Compliance Solution Providers – 2019’ to highlight the companies making significant contributions to the banking world. In this edition, we have featured CRB Monitor, a firm empowering financial institutions to understand, identify, and manage cannabis-related risks and opportunities. The list includes Plus TI, a software development firm specializing in the prevention of financial crimes and optimization of institutional processes, thus promoting a safer financial world. Our features also comprise RegEd, a market-leading provider of RegTech enterprise solutions. The company is recognized for continuous regulatory technology innovation aimed at enhancing workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation, and compliance dashboards.
With powerful and innovative technological offerings, the solution providers are set to simplify and streamline the processes for banking organizations. This edition of Banking CIO Outlook is elaborately crafted to assist you in fostering productive partnerships and enhancing organizational growth through the integration of robust software solutions. We hope it enhances compliance and risk management processes in your companies.
We present to you Banking CIO Outlook, “Top 10 Risk and Compliance Solution Providers – 2019.”
