Better RCSAs: How banks are leveraging peer data

Presented by

Peter Irvine, Commercial Research | Rupal Patel, Network Engagement | James Mackonochie, Product

About this talk

Financial services risk and control environments have been massively challenged over the past decade due to a combination of the financial crisis, pandemic, and digitization, which has exponentially increased opportunities for market abuse, misconduct and financial crime. Join our demo of the Acin Platform to see how our pioneering RiskTech solution helps boosts your RCSA effectiveness by providing a holistic and auditable view of your operational risk control environment. In addition to reporting on individual risks and control status based on standardized front to back terminology, Acin has created an external frame of reference, through peer comparison to enhance regulatory and internal stakeholder engagement. See for yourself how you can view, compare, and track your control design to ensure a more appropriate and acceptable risk appetite. Watch Acin in action: • How to quantify your risk and control environment to identify differences compared with the industry standard. • How to engage more effectively with regulators, with factual and objective evidence-based on peer analyses. • How calibrating your controls to assess your risk tolerance and risk appetite will produce meaningful RCSAs. • Why scenario analysis, informed by data-driven operational risk intelligence, is fundamental to building operational resilience. Members of the Acin Network are leading global financial institutions who are working collectively to identify opportunities to manage business with operational risk control in a more dynamic, informed and effective way.

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Founded in 2018, Acin has built the defining data network for operational risk control, for leading financial institutions. Acin’s award-winning Risk Control Diagnostics platform digitizes and assures operational risk controls in a connected data network across the financial services industry. Backed by Fitch, Acin assures operational risk controls are complete, efficient, and calibrated to the market.