Financial Services

Today, no other industry attracts as much attention as financial services. Banking, insurance, mortgages, investments – all are under a microscope right now. Some of the issues you’re facing today include higher levels of:

• Regulatory scrutiny – with additional, tougher regulations on the way
• Reputation risk, with the added challenge of more difficult public relations
• Losses, whether they are due to loan defaults or increased fraud
• Corporate governance expectation

Risk management is here to stay, and implementing a Methodware solution can help you take advantage of the opportunities that it presents. Don’t view risk management as a burden, use it to strengthen your business.

More informed strategic decisions – executives and boards need clear, relevant information as quickly as possible. ERA provides a wide variety of detail and summary reports that can be tailored to address your specific needs, and ensure that your GRC activities are aligned with your strategies.

Increased focus on value-added activities – with Methodware solutions, you can automate your risk and audit processes. The less time your frontline people spend on risk assessments and financial control certifications, the more they can spend on lending, underwriting and customer relationships.

Competitive advantages – improved ERM and analysis can allow banks to better allocate and reserve capital. For smaller institutions looking for ways to stretch their resources and continue to compete, Methodware can provide powerful, multi-purpose solutions.

Methodware financial services clients use ERA for many key GRC functions, including enterprise and operational risk management, loss event tracking, internal audits, tracking corporate and industry-specific regulatory compliance, vendor management and data privacy.

Our clients range from global banks to credit unions, multinational insurance firms to building societies, investment companies to community banks.

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