Welcome to the business of certainty. When you need to understand the companies in your ecosystem, you’ll benefit from a certain approach. We capture and treat private company information for better decision making and increased efficiency.
Ryan Rasske, senior vice-president for risk and compliance with the ABA, stated: "The frontline people are still evaluated on revenue performance, and when you bring risk into the discussion, it’s a direct conflict."
Steven Deaton, executive vice-president and chief risk officer with State Bank and Trust STBZ, suggested he has concerns about the "short-term memory of bankers" due to the fact lower interest rates, longer terms and looser covenants present an emerging risk.
Brian Williams, executive vice-president and chief risk officer at FirstMerit, revealed the organisation is utilising tactics such as appointing risk liaisons for certain business units. The people in these roles are responsible for risk management and embedding risk managers in areas where critical threats have been identified.
“Our biggest goal to take the programme to the next level is to make sure risk management is perceived as bringing actual value,” Mr Williams stated.
The only threat that was rated as more of a priority than improving risk management's perception among frontline managers was cyber security, which poses a growing threat to the financial services industry with each passing year.
In March, a survey released by the Risk Management Association revealed being able to effectively manage third-party and vendor risk is also one of the top priorities for financial organisations at present.
Certainty is a highly-prized commodity in business. Data might be getting bigger all the time, but this only makes extracting value from it more difficult.
In capturing and treating private company information we aim to give you more certainty –
and help you make better decisions and work
Our solutions are designed to help different business challenges and streamline your workflow. Many of our customers blend our information with their own internal data to get a more complete picture of the companies in their ecosystem.
Try our more certain approach – welcome to the business of certainty.