Quantivate Blog

Governance, Risk & Compliance (GRC) Education and News

ESG Compliance: Opportunities for CCOs
ESG compliance
Compliance professionals are tasked with managing and mitigating risk along many vectors in an organization’s operations. As businesses and their customers increase their attention to social issues such as inclusion, diversity, and sustainability, CCOs face both significant challenges and unique opportunities. Compliance officers occupy a position that allows them to impact their organization’s efforts to promote environmental, social, and governance (ESG) responsibility. There is a growing sense among leaders that ESG initiatives are not…
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Data Privacy and Growing Cyber Threats: How to Protect Consumer Data
Data security has become increasingly important in recent years as cyber threats increase in complexity and frequency, while public concern over personal data privacy grows. Aside from cybersecurity threats posed by those looking to exploit sensitive data for personal gain or to cause chaos, consumers are increasingly aware of the value of their personal data to businesses. Personal data can be bought or sold, used to gain market insight to drive strategy, or leveraged…
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Audit Trails: Keeping Your Internal Audit Program Accountable & Compliant
audit trails
Internal auditing used to rely on manual processes and complex spreadsheets — and too often this is still the case for financial institutions. However, many organizations recognize that, in addition to meeting regulatory requirements, effective internal audit practices support business strategy and performance. For institutions that leverage digital transformation to modernize their approach to governance, risk, and compliance (GRC) management, cloud-based platforms use digital records and automated tracking to reduce the burden of time-consuming,…
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Changing Regulatory Priorities: AML Compliance & Data Collection
AML/CFT compliance
Anti-money laundering (AML) efforts have been of great concern to both regulators and financial institutions in recent years, with a growing focus on cybercrime and data collection. While the financial system grows in complexity, so does the potential risk to the financial services industry and the role of regulatory bodies such as the Financial Crimes Enforcement Network (FinCEN). Congress has mandated that FinCEN implement a strategy for anti-money laundering and countering the financing of…
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Why Manual GRC Processes Don’t Work
The realm of governance, risk, and compliance (GRC) is constantly changing and becoming more complex. Organizations are quickly realizing that manually managing their GRC initiatives with tools like spreadsheets, word processors, and shared files and drives don’t meet the requirements of a modern, efficient GRC program. While office software is functional and requires minimal IT knowledge to operate effectively, it falls short in managing risk and compliance data and policies for two primary reasons:…
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