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Banks - Fortia

A client success story

Redesign of the Banking Control Process

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Banks

Our Client

Worldwide leader in banking services with a large amount of assets under management, our client chooses our service to conduct a business regulatory project to track its regulatory controls.

Our client has collaborated with Fortia to review and automate its regulatory control systems. The French supervisory authority ACPR has issued a clear regulatory framework for banks related to measurement, monitoring and control of risks facing the bank. This has required the implementation of new technology solutions to ensure the efficiency of the internal control organization activity.

Main features

Control Plan

Control Plan

Risk Hierarchy

Risk Hierarchy

Check 4 eyes

Check 4 eyes

Escalation Management

Escalation Management

Business Workflow

Business Workflow

Risk Mapping

Risk Mapping

Intelligent Reporting

Intelligent Reporting

Smart Dashboards

Smart Dashboards

By using Innova Process, our client has achieved significant goals

Higher efficiency of the internal control activities
Increase in overall team performance
Reduction in costs of anomalies and non-compliance
Increase in visibility and transparency of regulatory requirements to satisfy

Challenges

  • In this time of complex regulatory environment, an adequate structuration of internal controls is not only desired but required for our client.
  • By automating and tracking the core regulatory operations of the bank, the client aims at a better prediction of non-conformity risks and is avoiding regulatory failure.

Problems

  • The systems put in place to ensure the traceability and auditing of regulatory requirements were insufficient with a high level of risk of noncompliance.
  • As a result, the difficulty to understand, identify and be able to manage regulatory risks have greatly increased.

Solutions

  • To reduce the burden of regulations, Innova helps in automating the core regulatory processes with the guarantee of a better audit and monitoring of regulatory requirements.
  • Fortia assists the client in reshaping its internal control processes in order to achieve an optimum return.
  • The solution allows a stronger regulatory oversight, driving processes efficiencies and ensuring their centralization.

Why Choose Our Solutions?

Fortia has more than 10 years of experience in the deployment and integration of its innovative solutions. Over the course of many projects, our skilled team of experts has developed a key understanding of the challenges in the banking and financial solutions.

They will help you choose the adequate solution to successfully manage your transformation project.

Understanding our clients’ needs, adapting to their local environments, and putting their challenges at the heart of our mission, grant the success of our projects.

Fortia has put in place dedicated support for its clients to answer questions and resolve issues when implementing the solution. The support team is flexible and experienced in assisting our clients to provide them with the right answers.

Industry experts

Industry experts

An experienced team ready to take all your challenges

Deployment capabilities

Deployment capabilities

The effective implementation of the solution is our priority

FLEXIBLE SUPPORT

FLEXIBLE SUPPORT

A dedicated and flexible team to support our clients

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