360factors, the industry leader in risk and compliance intelligence software for banks and financial services organizations, announced that the company now has over 17 types of best-practices content for banking-related risk and compliance applications available in Predict360.
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The company also announced that the often-requested 360factors’ Banking Risk Taxonomy Library, KRI Library and Compliance Monitoring Checklists are now included in select Predict360 applications. The Risk Library features over 800 risk definitions relevant for mid-market banks while the KRI Library includes over 225 KRIs with optional risk mapping across nine risk categories.
In addition, 360factors offers risk, control and control testing libraries along with compliance advisory services and document templates from a number of industry-leading third parties and consulting firms.
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Predict360’s unique Content Distribution System (CDS) enables 360factors and consulting partners to distribute pre-loaded content such as risk and control libraries/taxonomies, risk and compliance assessments and checklists, regulatory compliance knowledge bases, document templates (such as policy and procedure templates), and more to provide best-practice content and processes for managing risk and compliance out-of-the-box. This content can then be modified and updated by the customer to fit their business needs and requirements.
As content updates are published, they automatically flow down to the customer’s instance where appropriate. This enables organizations to receive updates to new risks, controls, regulatory changes, checklists and assessments and more and provides organizations with a “QuickStart” method for system implementation while remaining up-to-date and current on risks and regulations.
