Large Nordic bank automates compliance with Exonaut®
Large Nordic Bank Automates Compliance with Exonaut®
One of the largest banks in the Nordic Region has implemented Exonaut® Risk Control and Compliance solution to have an automated and centralised solution for the internal control framework. The bank utilises the system to communicate assurance, including residual risk to risk owners and management. Furthermore the Bank uses Exonaut® to evaluate controls and trends over time.
Key values for the bank is:
- Increase productivity – risk managers spend less time on administration and more time on substance advisory.
- Makes things easier and gather everything in one place.
- Increase automation in control frameworks and better visualise status of controls and trends in residual risk.
- Risk based decision making based on collected data and communication of control status to risk owners.