Partner Risk Analytics Helps Improve Risk Management and Compliance for a Fortune 500 Financial Services Firm | Quantzig’s Latest Success Story Offers Comprehensive Insights

·4-min read

Premier analytics service provider, Quantzig announces the completion of its latest risk and compliance analytics engagement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200813005275/en/

Engagement Outcome: Developed and implemented a customized MIS (Graphic: Business Wire)

The success story offers comprehensive insights into how financial organizations can strengthen their risk culture and reduce losses using advanced risk analytics solutions. With growing regulatory pressures and threats in today's digital world, businesses need integrated risk management capabilities. We deliver high-quality operational risk management solutions using which you can achieve regulatory standards for governance, risk, and compliance.

As experts in the field of risk and compliance analytics, Quantzig offers risk management solutions that help its clients combat financial crimes while delivering frictionless experiences. Request a FREE demo for comprehensive solution insights.

Decision-making is an ongoing process for businesses across organizations, and business leaders are pushed to make crucial decisions every day. Adopting a structured approach to understanding risk and reducing uncertainty can help financial service providers make better decisions, manage and mitigate risks, and maximize profits.

Quantzig’s team of industry experts and data scientists are well-known for delivering solutions to combat financial crime. Get your FREE customized proposal to know more about our risk management capabilities.

Factors that prompted the financial services provider to collaborate with Quantzig

The growing need to improve the partner management process: With collaborations spread globally, the client had more than 100 partners across various locations. The client was looking to leverage risk analytics to set up a compliance monitoring and reporting program for its partner base to ensure standardized partnership policies and reduce risks.

Lack of customized KPIs and dashboards: The lack of a structured approach and framework for monitoring and reporting high-risk partners proved to be a major challenge. To tackle this issue, the financial service provider was looking to develop a management information system (MIS) to track and monitor customized KPIs for multi-level and real-time monitoring.

Over the past 15 years, Quantzig has helped leading Fortune 500 financial organizations to solve some of the toughest business problems using a unique combination of design thinking frameworks, plug-and-play innovation accelerators, and an army of agile decision scientists. Want to know more? Contact us.

How did risk analytics help the financial services provider?

Quantzig adopted a comprehensive approach to helping the client improve regulatory compliance and partner management. The initial phase revolved around analyzing the existing partner risk framework and regulatory requirements followed by the design and development of quality assurance and governance framework for monitoring and reporting high-risk partners. We also developed customized risk management dashboards for multi-level and real-time monitoring with issue tracking and resolution framework. Leveraging risk and compliance analytics along with the deployment of customized data dashboards enabled the client to-

  • Improve partner management and compliance

  • Set KPIs to track and monitor the partner risks and improve compliance levels

  • To gain a consolidated view of all risk & compliance reporting processes

  • Reduce operational cost

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About Quantzig

Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal

View source version on businesswire.com: https://www.businesswire.com/news/home/20200813005275/en/

Contacts

Press Contact
Quantzig
Eva Sharma
Marketing Manager
US: +1 630 538 7144
UK: +44 208 629 1455
https://www.quantzig.com/contact-us