Your Control Center
Still using fragmented manual processes for risk management? Step into the 21st century. Nrisk is a dynamic risk management solution that measures potential impacts continuously, for the closest thing to real-time risk management you can get. Constant control monitoring in the form of weekly data collection prevents risk factors from building up, as opposed to quarterly manual processes, which produce results that are out-of-date by the time you’re reading them.
With the provided libraries of thousands of risks and controls, Nrisk enables your organization to measure risk on everything from one neighborhood location’s social media page to the payroll vendor that your entire institution uses.
BSA / AML / OFAC are key risk components that, left unchecked, can result in stiff fines and penalties. Nrisk includes controls to help your financial institution identify, assign and define risks associated with BSA.