Fintech News Risk Management

NAVEX Global Launches Risk Management Solution Packages to Address Third Party, Business Continuity and Privacy Risk Management Needs

NAVEX Global Study Identifies Culture, Executive Support and Automation as Key Drivers of Risk & Compliance Program Performance

NAVEX Global, the leader in integrated risk and compliance management solutions, announced the availability of three new offerings designed to meet customer needs for solutions that address key risk management issues: Lockpath Third Party Risk Management; Lockpath Business Continuity Management; and Lockpath Privacy, Risk and Compliance Management. These focused solutions provide critical capabilities that leverage NAVEX Global’s award-winning Lockpath Integrated Risk Management (IRM) platform. Available individually – and fully upgradeable to the Lockpath IRM Standard or Enterprise editions – they enable organizations to quickly deploy solutions for risk issues that have become more apparent during the COVID-19 pandemic and are important for businesses to address quickly.

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“The COVID-19 pandemic has opened the eyes of Boards, C-Suites and investors that organizations need to proactively manage business risks”

Current business conditions have exposed or intensified many operational risks – from supply chain disruptions and gaps in business continuity plans to new data privacy and compliance risks as more employees work remotely. Now front and center, these concerns create an immediate need for a solution to identify, manage and remediate these risks, along with an urgency to implement solutions quickly.

In response, NAVEX Global has packaged new solutions that allow organizations to rapidly implement targeted risk management programs. The solutions come with templates based on best practices – ensuring organizations can begin identifying and managing risks almost immediately – that can be tailored to meet each customer’s unique business needs. Further, the solutions are fully scalable, allowing organizations to address their most prominent risks today and build toward a more comprehensive integrated risk management program tomorrow.

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