Quantivate Blog

Governance, Risk & Compliance (GRC) Education and News

Risk & Compliance Hot Topics: AI Risk & Security, Climate Risk Management, Banking as a Service
risk and compliance news
This month’s roundup of recent news and developments in the world of governance, risk, and compliance (GRC) for financial services includes the following topics: AI risk and security Climate-related financial risk management CUNA/NAFCU merger approved Banking as a service (BaaS) Let’s dive in: AI risk and security management emerges as top technology trend for 2024 Last month, Gartner announced its list of the top 10 strategic technology trends for 2024, with “AI trust, risk,…
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October Regulatory Compliance Briefing
January Regulatory Compliance Briefing Header
The October Regulatory Compliance Briefing includes recent and upcoming alerts, advisories, and pending actions to be aware of this month. (more…)
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Cybersecurity Audits Explained
cybersecurity audit
Today’s cyber risk landscape has both financial institutions and banking regulators on high alert. According to a survey of bank executives, more than 70% of CEOs say that technology risk is the biggest risk their bank faces, and 64% expect it to increase over the next two years. Research from the Internal Audit Foundation also confirms that this risk category is top of mind for audit leaders, with cybersecurity ranking as the audit area…
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Improving Internal Audit Risk Assessment Processes
internal audit risk assessment
Internal audit teams at financial institutions typically perform an enterprise risk assessment annually as part of their audit plan update process. The intent of this audit risk assessment process is to document the risks of certain activities or areas in the institution relative to other activities or areas. Why do auditors perform this risk assessment periodically? By understanding and documenting the risks, audit leaders can determine the cycle/frequency for each audit in the plan,…
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Risk & Compliance Hot Topics: Financial Crime Compliance, Top Audit Risks, OCC Supervisory Priorities
risk and compliance news
This month’s roundup of recent news and developments in the world of governance, risk, and compliance (GRC) for financial services includes: The cost of financial crime compliance Heightened governance and risk management standards Top internal audit risks OCC supervisory priorities The future of banking Let’s dive in: Global cost of financial crime compliance for financial institutions exceeds $206 billion According to recent research released by LexisNexis in its annual True Cost of Financial Crime…
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