Risk & Compliance

 Searching for efficient ways for your financial institution to navigate the complex regulatory landscape in order to remain focused on serving customers, creating innovative products and improving profitability?

The Risk and Compliance product family offers software and services for:

  • compliance advice;
  • audits;
  • social media monitoring,;
  • vendor management;
  • enterprise risk management; and
  • FATCA compliance

With our solutions, organizations are able to reduce exposure to risk and minimize losses while complying fully with regulatory mandates.

In this challenging environment, there is tremendous pressure to maintain and grow profit margins despite challenges associated with new consumer demands, non-traditional competitors, and heavy regulatory burdens. Proper compliance practices, supplemented by products and services from Temenos, can help financial institutions avoid penalties, fines, and unnecessary embarrassment, ultimately ensuring profitability and success!

Issues faced:

  • Understanding and implementing new regulations
  • Keeping up with regulatory reporting requirements
  • Adapting to the digital disruption of the financial services industry
  • Avoiding dramatically increasing regulatory fines
  • Achieving enterprise compliance risk management through data and anayltics

How our Risk and Compliance product family helps:

With the wave of new regulations and reporting requirements, achieving compliance and exceptional risk management is more difficult now than ever. Investing more heavily in compliance and risk management as a cost of doing business is becoming the norm.

The Temenos Risk and Compliance solutions offer affordable ways to enhance your financial institution's compliance department and automate risk management analytics. Temenos makes compliance the priority through our Risk and Compliance product family by:

  • Offering front-to-back compliance and risk management solutions and advisory services that can assist with the comprehension and implementation of new regulations.
  • Increasing efficiency by making it easy to meet reporting requirements set forth by regulatory and governing bodies.
  • Ensuring financial institutions are prepared for the rise of digital technology from a compliance perspective in order to avoid potentially harmful financial and cyber-crime situations.
  • Helping to avoid costly penalties and fines due to ineffective compliance policies and procedures.
  • Offering the analytical tools needed to achieve and maintain enterprise risk management.

What's included:

The Risk and Compliance product family gives financial institutions a comprehensive set of tools to meet their challenges. The main components of the Risk and Compliance product family are the following:

Compliance Services for the US market gives you access to:

  • admission to our KnowledgeBase of over 100,000 compliance questions and reference materials.
  • You can ask private questions and submit your advertisements and disclosures for individual review by our leading compliance experts.
  • The comprehensive regulatory Compliance Manual and Policy Template Library
  • Online webinars
  • Our comprehensive KnowledgeShare seminars and workshops for continued education credits
  • Temenos Talks weekly compliance newsletter and financial compliance journal covering the latest compliance topics.

Compliance Audit & Consulting Services for the US market includes packages for

  • Audit and consulting services for Bank Compliance Audit/Review Services,
  • BSA/AML Audit,
  • Fair Lending Review,
  • Unfair Deceptive or Abusive Acts & Practices (UDAAP) Audit,
  • HMDA Compliance Review
  • NACHA Audit

Enterprise Risk Management utilizes our business intelligence platform designed specifically for the financial services sector and the specific business diciplines and leverages Temenos' business-oreiented data model and analytical capabilities in four components:

  • Regulatory Capital,
  • Market Analytics,
  • Asset & Liability Management
  • Regulatory Reporting.

Foreign Account Tax Compliance Act (FATCA) Compliance is a fully integrated module into the Temenos core processing platform that helps Foreign Financial Institutions (FFIs) comply with FATCA legislation out of the box, supporting all three phases of the requirements including client classification, witholding and reporting.

Social Media Compliance was built for financial institutions by compliance experts to push social media conent to various sites, moderate social media output, create reports delivered automatically and most importantly archive social media posts to meet regulatory requirements.

Stress Testing for the US market provides quarterly loan portfolio stress test reports with expert analysis included to help your financial institution better prepare for the future.

Vendor Management for the Americas makes managing a third party easy allowing financial institutions to:

  • track and set alerts for expiring vendor contracts,
  • manage all documents associated with vendors,
  • complete risk assessments for each vendor according to regulatory requirements,
  • create reports
  • even allow vendors restricted access to complete due dilligence

How it's delivered:

Temenos' objective is to ensure all of our customers receive the highest level of value from the Risk and Compliance product family. Products from the Temenos Risk and Compliance family can be implemented for even the largest financial institution in a matter of days. Compliance Services, Social Media Compliance, Vendor Management and Stress Testing SaaS solutions can all be implemented with a simple set up form and a training session.

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