Compliance & Risk Management Innovation: The Key to Growth
At CBA LIVE 2017, Bridgeforce presented to an audience of banking executives on the topic of using risk management and compliance foundations to help innovate for growth.
Heavy investing over the past several years has enhanced both compliance and controls. And now, we’re seeing great value from leveraging these foundational efforts to support growth needs. The Bridgeforce team provided a host of examples including: simplifying and digitizing the customer journey, refining underwriting, modifying collections strategies, and automating compliance checks. They also discussed the prerequisites to have in place because getting these foundations ready is no longer just about avoiding regulatory risks, it’s also about being left behind by the competition.
The information shared and resulting conversation led to this two-page insights document with actionable takeaways to enhance compliance programs.