American Express
Risk Management Software for Financial Services
Industry Challenges
Companies such as banks, credit unions, accountancy’s, consumer-finance companies and stock brokerages are faced with the constant battle of cyber risk and regulatory risk. Meeting regulatory compliance/industry standards with FFIEC, NCUA, CFPB, GDPR and other enforced regulations/standards and preventing data breaches are some of the major challenges that the financial services industry deals with in order to provide a safe user experience for their customers.
Our Solution
SecureWatch, our risk assessment solution, is used as a risk management software for financial professionals who are looking to improve in each area without adding additional staff or resources. Rest assured you will meet compliance with all necessary standards and minimize the chance of a cyber attack occurring when you use SecureWatch.
You can tell RiskWatch has experience and expertise in risk management by looking at how SecureWatch is put together. The system combines ERM and compliance in a way both can be performed at the most efficient way possible. Its automation combines well with the maturity of data available in most of our assessment programs.
Key Benifits
- Leverages hundreds of customizable assessment questions based on FFIEC, NCAU, CFPB and other regulations and standards.
- Provides at-a-glance information regarding your enterprise cyber security, with drill-down functionality for robust reporting.
- Full audit-assessment reports are created to demonstrate proof of compliance.
Additional Benifits
- Manages all risk and compliance across your business in a single assessment, saving time and work.
- Reduces time needed to reconcile information with single-button access, detailed reporting and the ability to upload and archive auditable evidence.
- Comprehensive high-level audit criteria to ensure regulations and policies are being met.
Can You Afford Non-compliance?
Financial Services industry call out
Irelands Central Bank fined Wells Fargo almost $6.5 million for five breaches that occurred between 2014 and 2019, which included issues with documentation and procedures and failure to comply with regulatory requirements. Noted systemic failings within the organization included weaknesses in IT systems and inadequate review by internal audits. This marks the second-largest fine issued by Ireland’s Central Bank. For more information, click here.
Try any of our products, for free.
Riskwatch products are easy to use, free to try, and can be customized to fit your business needs.
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