Company’s Latest Update Offers Solutions for Banks and Credit Unions at All Stages of Maturity
SEATTLE – March 10, 2022 – (Newswire.com)
Quantivate today announced that its enterprise risk management (ERM) software now gives banks and credit unions the ability to choose between risk-level ratings and category-level ratings. The update enables the company to better serve financial institutions at all stages of maturity.
“Quantivate continues to meet banks and credit unions where they are with our latest Quantivate Enterprise Risk Management update,” said Andy Vanderhoff, CEO and Founder of Quantivate. “While category-level assessments are standard in governance, risk, and compliance software, risk-level assessments offer a greater level of granularity and granularity and may be ideal for smaller financial institutions. Customers now have more options related to their unique risk management programs.”
Quantifying Enterprise Risk Management is an integrated web-based platform that provides financial institutions with tools to strategically manage risk, centralize processes and reduce loss rates.
The update includes improvements in three main ERM areas:
Types of risk assessment – Banks and credit unions can ensure that their unique process can be configured in the software with the ability to select category-level or risk-level risk ratings.
Taxonomy of risks and controls – By leveraging a new taxonomy built into the software, institutions can ensure they are able to categorize their risks and controls in a hierarchical structure.
Integration of enterprise risk management and business continuity – Teams can reduce redundancy and increase efficiency with the latest integration updates between Quantivate Enterprise Risk Management and Quantify business continuity.
Quantivate Enterprise Risk Management and Business Continuity are part of the application suite of enterprise governance, risk management and compliance solutions. Banks and credit unions have the flexibility to start small and implement departmental solutions knowing they can then expand or implement the whole RCMP Suite From the beginning.
Quantivate has been providing web-based governance, risk and compliance software and services to organizations of all sizes since 2005. Since then, the company has grown to offer a full suite of GRC modules, including Business Continuity activities, supplier management, enterprise risk management, IT risk management, internal audit, regulatory compliance, policy and document management, complaints management and problem management. Our GRC solutions have helped thousands of companies transform the way they manage risk, improve compliance and strengthen governance. For more information, visit https://www.quantivate.com.
Contact: Robin Conner, 425-332-4675, firstname.lastname@example.org
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