Based on press release information, the company is looking to help define a new category and view of risk management with the release of its Risk Performance Management (RPM) Suite, which combine’s the regtech’s most powerful solutions for risk and compliance management.
As detailed in the announcement, the RPM Suite combines Ncontracts’ solutions for financial institutions – Nrisk, Ncomply, Nvendor, and Nfindings – into a single powerhouse suite that expands on the enterprise risk management (ERM) framework by leaning into improvements in both efficiency and speed in an aim to better resiliency, responsiveness, and growth.
Ncontracts’ most recent RPM Suite offers improved ERM solutions that are designed to help clients navigate uncertainty by having data points transformed into timely, actionable insights that help inform strategic decision making.
As they leverage knowledge as a service (KaaS), these customisable solutions combine software with business intelligence and services looking to mitigate risk and compliance management with extensive data for expedited decision-making, improved efficiency, as well as the foundation for the risk management culture examiners expect.
When commenting on the announcement, Ncontracts representatives advised that financial institutions have a need for improved and increasingly comprehensive risk management tools in order to be enabled to successfully respond to digital disruption, economic uncertainty, regulatory change, staffing shortages, and other challenges.
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