Confronting financial crime with tech-enabled risk assessments

Addressing the heightened risks of financial crime in the digital age means businesses should have a robust risk assessment process in place.

Coordinating these efforts, especially for global firms, can often be daunting and resource-intensive. But the price of insufficient risk assessments can be high, including penalties from regulatory agencies, and loss of customers and revenue.

Read Confronting financial crime with tech-enabled risk assessments — Going beyond a snapshot in time for insights about staying ahead of regulatory risk, including how:

• A data-driven, methodological approach can help you be consistent across your business units

• Establishing a regular, frequent cadence for risk assessments can help improve their effectiveness

• Technology can help improve risk assessment processes

Ready Assess, a PwC product, can help conduct end-to-end risk assessments in a visual, interactive, trackable and actionable format. With continually updated metadata, Ready Assess, can help you stay current and compliant with regulatory standards. This customizable platform helps deliver data-driven insights that can give you a holistic view of your evolving business risk to empower better decision-making across your organization — and help stay ahead of bad actors.