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 More
Risk management is significant for a bank to guarantee it’s profitability and soundness. It is likewise a worry of controllers to keep up with the safety and soundness of the financial framework. Over the course of the last many years, the banking business has developed with the introduction of cutting-edge trading technologies and complex financial products. While these advancements upgrade banks’ intermediation role, advance profitability and better differentiate banking risk, they raise critical challenges to bank risk management. The risk management of banks has been considered weak compared to the quick changes in the financial sectors. In the light of the new worldwide financial crisis, bank risk management has turned into the central issue of banking controllers and policymakers.
Efficient risk management is vital for banks to guarantee their benefit and amplify the shareholder’s worth. Over the course of the last many years, the risk management practice has changed emphatically under the powers of the business environment and technological development.
Taking risks is an essential part of the banking business. Without taking risks, it is not possible to make essential profits and for this, they have been practising risk management. The main genuine change is the level of refinement currently expected to reflect the more complicated and fast-paced environment.
Due 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.
Incorporate sophisticated monitoring and process analysis functionality that allows your organisation to optimise processes rapidly.
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
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.
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.
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.
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