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FAIR, National Institute of Standards and Technology Come Together To Publish New Resource

PYMNTS

The FAIR Institute , a nonprofit aimed at developing standard information risk management practices, announced on Thursday (Aug. The NIST CSF has helped lots of companies report on the maturity level of their cybersecurity practices and their progress toward meeting their goals.

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Opus Accelerates KYC Automation For Banks

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Compliance and risk management technology provider Opus is launching a new Know Your Customer (KYC) workflow solution for banks. 29) said Opus is rolling out its Clarity KYC solution to automate KYC workflows and enhance risk analysis. A press release on Tuesday (Jan.

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What is Financial Planning and Analysis (FP&A)?

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These models help assess the potential outcomes of various financial decisions and aid in strategic planning, risk analysis, and sensitivity analysis. This enables management to take corrective actions, implement efficiency measures, and evaluate the success of initiatives.

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When Open Source Opens The Door For Cybersecurity Risks

PYMNTS

Open source technology has become critical to companies that need solutions that fit right into their own operations. Applications built with open source technology enable corporate users of these tools to modify and customize tools — and in corporate processes, that can be hugely beneficial. Take Oro, for instance.

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A New Reality For Supplier Risk Management

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Supplier risk management is often a resource-intensive practice and rarely a target of technological investments. As a result, corporates will often let their vendor relationship management processes fall by the wayside. ” A Dramatic Shift. . ” A Dramatic Shift. The New Normal.

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Uncovering Supply Chains’ Deepest Risks With Data Innovation

PYMNTS

Complex regulatory demands, for instance, are a major headache, leaving supply chains at risk for noncompliance when operating with suppliers and business partners in new markets — often with unfamiliar compliance requirements. ” Take the compliance risk, for example. ”