With the release of ACL Analytics 10.5, time components were added to datetime fields, meaning that entire time stamps can now be analyzed! In this newsletter, we will take a look at how to deconstruct the datetime stamp and how to analyze these components to track for trends overtime or things at a macro level.
Risk management in the financial services industry is evolving. Traditionally, risk was managed by the second line of defense: risk management and compliance functions. But the trend now with banks is to move these responsibilities to the front line, where it all happens. Brinn Chung gives three benefits of front-line risk management.
There is universal agreement that risk management silos are a problem and that home-grown, spreadsheet-based systems are cumbersome, resource-intensive and, often, simply not up to the job. The objective now is to shift organizational attitudes towards risk management and take an enterprise-wide, integrated approach in which the downside of risk is intelligently balanced against the upside.
Since the emergence of Sarbanes-Oxley (SOX), the use of technology in processes related to risks and controls has truly started to take meaningful shape in many organizations. However, when looking across the risk and control functions in most organizations, technology is still typically used on a departmental or point-solution basis.
In this Bootcamp webinar, we will be walking you through how to define and import your data into ACL manually and by scripting, using an Excel file as an example.
ACL, the software provider helping governments and the world‘s largest companies quantify risk, stamp out fraud and optimize performance, today announced the strengthening of its Asia-Pacific management team with the addition of two experienced leaders. Stephen Thurley has been named managing director of the Asia-Pacific region and Anthony Fernandez has joined as director of data-driven GRC consulting. These additions to the team will augme
Ensuring compliance with thousands of regulations is a burden for higher education institutions. But a coordinated approach and the right tools can make compliance a lot easier.
Many risks happen every day, but are inconsequential. Others are a big deal. With so many controls and so many areas of an organization, it‘s only logical that you should look at the ones that can bite you. In other words, look at the risks that have a high impact on the organization and/or a high probability of occurring.
A well-established enterprise risk management (ERM) program can be crucial to helping an organization achieve its strategic objectives. But, how can organizations implement an ERM program that drives corporate performance? For most organizations it is an evolving process that takes time and effort to achieve. Effective ERM requires a comprehensive view of multiple risk types and their impacts on each other and in aggregate-and technology can play
ACL recently commissioned Forrester Consulting to conduct "The Total Economic Impact of ACL" for a Financial Organization. Benefits the bank realized using the ACL Platform include a productivity boost of 50%, a revenue spike through strategic data visualization and much more!
Don‘t know where to start with data analytics for risk assessment? Step by step, here‘s a basic framework of how you can begin to apply data analytics to assess risk and controls in your organization