Banking Industry
Claptek's banking solutions are carefully crafted frameworks that suits your banking organisation needs delivering massive benefits.
The banking sector plays an important part in the guidelines and the management of the economy of any country. Banks assist with channelizing savings to investments and also support economic development by allocating these savings to investments for higher yields.
The globalization of financial sectors, technological development and expanding competitiveness have greatly impacted the banking business and it’s risk management.
Read MoreDue to the large size of some banks, overexposure to risk can cause bank failure and affect a large number of individuals. By understanding the risks pointed to banks, governments can set better guidelines to encourage reasonable management and decision-making.
The capacity of a bank to manage risk affects the decisions of investors. Regardless of whether a bank can produce huge incomes, the absence of risk management can bring down benefits because of losses on loans. Esteem financial investors are bound to put resources into a bank that can give profits and isn’t at unnecessary risk of losing money.
Multiplication of the efficiency advantages of more conservative automation efforts while providing accurate and timely financial insights.
Streamlines business process, helps to keep data quality at par and relevant information accessible to concerned stakeholders in a matter of click.
Increased focus on risk & compliance not only brings down the cost of regulatory fines but also builds trust of customers.
Integrated solutions for the banking industry
Digital Twin for Revenue Assurance (iDT)
An analytics based real-time, integrated solution that helps organisations with proactive protection and accelerates performance.
Business Performance
Management
Incorporate sophisticated monitoring and process analysis functionality that allows your organisation to optimise processes rapidly.
Integrated Risk
Management (IRM)
A comprehensive and integrated solution especially intended to help your organisation manage new risks stemming from digital transformation activities.
Pure play risk management solutions for the banking industry
Management
It helps to evaluate the efficiency of the organization’s internal controls, accounting processes and governance. Assist in maintaining accurate and timely financial reporting and attaining operational efficiency.
Operational Risk Management
Proper operational risk management helps to identify the loss due to errors, interruptions or damage caused by people, systems or processes. In such a situation, an organization can lose capital and trust from customers and damage it’s reputation.
Management
It consists of the policies, procedures and technologies to mitigate threats and reduce vulnerabilities that impact negatively on the organization’s integrity. It helps to guide future decision-making about how to control risk while focusing on company goals.
Corporate Compliance Management
It helps to reduce the organization’s compliance risk and the potential losses, if the company follows the laws and regulations. Identification of high-priority compliance functions and corrective activities required for making significant cost analysis.
Business Continuity Management
To provide the organization with the capacity to successfully respond to dangers, data breaches and safeguard the financial interests of the association. Focus on basic capabilities, track down key conditions and create plans to safeguard essential resources.
Management
It helps to evaluate vendors for establishing the potential risks that an organization faces in transferring valuable data. It will help to verify your organization has the appropriate controls in place to mitigate risks effectively.
Leaders using our solutions in the banking industry
We have solutions for organisations of all sizes
Pure play solutions for small businesses
Compliance-oriented solutions for mid-sized businesses
Integrated risk management solutions for enterprises
Latest blog posts
Insights, trends, challenges, opportunities and talking points from Claptek thought leaders for risk and compliance professionals to do their jobs easier, faster, and more effectively.
Benefits of Business Performance Management
3 reasons to re-evaluate the Business Performance Management practices
5 Benefits of Continuous Control Monitoring
Benefits of Integrated Risk Management
The importance of third-party risk management for the banking industry
5 Reasons to have strong third-party risk management in the organisation
5 benefits of risk management
Continuous monitoring with complete support from Claptek’s iDT (Digital Twin) in the Insurance Sector
What is Third-Party Risk Management?
