We believe in freeing business from tick-box exercises
Every new regulatory requirement gives birth to a new process, a new spreadsheet, a new box for the business teams to tick.
We want to simplify & automate compliance activities, to free up business from ticking boxes, with CORE
Regulators vs. Businesses
Believe it or not, the primary regulatory objective is aligned with the business objective.
Regulatory Objective: Policyholder protection & a fair treatment of customers.
Business Objective: Do right by the customer and retain them, ensuring business longevity.
If that is the case, why are we using two different languages to describe these objectives? Why are compliance processes being run in parallel to the business processes?
We are re-defining the language of Risk & Compliance
The current language used to communicate the firm's compliance committments internally are more theoretical than practical. These instructions are often drawn up in isolation, making little effort in reflecting the business current processes and practices.
Action driven language
Our re-designed process brings practicality to the risk process. We are shifting focus from - "Indentify", "Manage", "Monitor" & "Report" approach that leaves business confused.
With CORE, we are changing focus of the conversation to: Risks your business is exposed to, Controls you have to manage them, Indicators to monitor them and Actions you take to fix any issues.
Building around CORE
Once the CORE has been redefined, we start simplifying & automating the other resource-heavy risk & compliance processes.
Risk Events / Incidents
Linking risk events to CORE, addressing the root cause of the problem.
Stress & Scenario Testing
Easily reflect your SST findings in CORE, updating Controls and Indicators.
Policies & Procedures
Actively track your Risks and Controls against your policies, reducing the workload needed for self-attestation.
Monitor emerging risks getting absorbed in your Risks or bounce off it.
Alter assumptions in the Board room & instantly see the projected impact.
Manage Outsourced Ops
Set Controls for outsourcers in CORE & get live updates on their controls effectiveness through the cloud.