Fintech News Risk Management

SRA Launches Pandemic Risk Management Service

AmBank Group implements Kamakura Risk Manager for Basel 3 LCR and NSFR

We face challenging times and the threat of a dangerous virus. For its part, SRA has experience in times such as these, having helped hundreds of banks effectively navigate the 2008 financial crisis and other significant risk events.

Read More: Remitly Partners With Alipay to Offer International Remittances

In learning from the past, SRA is helping its clients apply best practices to ultimately answer the same question: How can my bank improve risk transparency and resilience during this Pandemic Crisis?

To help answer this question, SRA has launched a Pandemic Risk Management Service to aid its clients in managing the impact of this crisis on their financial institution.

Read More: Former U.S. Secretary of Commerce, Penny Pritzker, Doubles Down on Payments Infrastructure Pioneer Finix

The foundation of this Service is a Pandemic Risk Management Platform to organize the banks key risk information, changing risk profile and response. This information is vital to the bank’s resiliency and is critical for the board, shareholders and regulators to evaluate bank health. This Pandemic Risk Management platform augments SRA’s innovative SRA Watchtower solution and provides:

  • A central risk management intelligence dashboard improving critical risk response activities and timelines for remote teams;
  • A set of Benchmark pandemic key risk indicators to more effectively manage enterprise wide risk across multiple business silos;
  • Real-time alerts and management of risk response activities improving overall response efficiency;
  • Real-time collaboration support, enabling risk management collaboration across the enterprise; and
  • A single source of current risk management data; stored in and accessed through a secure Cloud Based SaaS Dashboard.

Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits

Related posts

NeoCurrency Taps Gift Card Agency Vet Eric Thiegs to Accelerate Growth and Innovation

Business Wire

InScope-AML and Regula Partner to Bolster AML Compliance Across Europe and Beyond

Business Wire

Confluence’s Risk API Solution Chosen by Leading Global Fund Administrator

Fintech News Desk