Financial services
Today, instability in both national and international markets exacerbates risks and exposes financial institutions to potentially devastating shocks.
These turbulences, whether economic, political and technological, have a direct impact on the reputation and stability of financial institutions, forcing them to navigate cautiously in a changing and often unpredictable landscape.
Moreover, the rise of financial crimes, fueled by technological evolution and the increasing sophistication of malicious actors, represents a major challenge for financial institutions which have become prime targets for a range of criminal activities, jeopardizing their integrity and sustainability.
Faced with these challenges, financial institutions must come up with new and innovative solutions. They must not only ensure their own compliance and stability, but also preserve public trust and meet the growing expectations of regulators and stakeholders.
In addition, they must innovate and adapt to technological developments while strengthening their security systems to counter emerging threats.
- Regulatory compliance and alignment with regulator requirements to avoid sanctions and fines
- Risk of reputation and damage to the institution's brand image
- Risks of internal and external fraud resulting in significant financial losses
- Involvement in transactions of illicit origin or embezzled funds that could incur the institution's liability
- Security, confidentiality and integrity of data stored by the financial institution
- Implementation of a compliance program in line with regulatory requirements and international standards
- Implementation of a risk management system
- Definition of a roadmap to improve reputation and brand image towards the ecosystem (customers, shareholders, donors, partners, etc.)
- Diagnosis and implementation of an internal control system in line with international best practices;
- Investigation missions against internal and/or external fraud, identification of damages and remediation plan
- Definition of risk maps for non-compliance, ML/TF and/or operational risks
- Training for the benefit of financial institutions executives and their governance
- Implementation of a personal data protection system