Kroll, the leading independent provider of global risk and financial advisory solutions, today announced the launch of two new digital solutions designed to help organisations identify and manage compliance, fraud and legal risks.
As organisations globally respond to shifting financial, regulatory and reputational risks, these solutions enable compliance and risk professionals to proactively detect fraud and corruption and automate routine compliance tasks.
Kroll’s Risk Analytics Monitor is an easy-to-use fraud detection solution that helps identify high-risk transactions and third parties that could lead to financial and reputational damage for an organisation, providing an auditable trail of risk identification and response.
Incorporating the trusted expertise of Kroll’s Compliance Consulting team, the new Kroll Managed Compliance Software helps financial services firms to proactively address changing regulations by streamlining and automating routine compliance tasks, supporting regulatory compliance while saving time and resources.
“Technology’s role in governance, risk management and compliance outcomes will take centre stage in the coming years, with solutions that help detect and mitigate risks and threats early becoming a necessary addition to any compliance and risk management framework,” commented Giles Derry, Co-President of Kroll’s Risk Advisory practice.
“Kroll’s digital offerings provide our clients with proactive and efficient solutions to help them manage risks to their operations, assets, reputation and people. These solutions can be integrated into organisations’ existing compliance programs, embedding our global expertise into day-to-day risk management activities.”
Kroll’s Fraud and Financial Crime Report, which surveyed 400 risk and compliance professionals, found that 69% of respondents anticipate an increase in financial crime risks over the next 12 months, with more than two-thirds of respondents prioritising their own technology investments to counter the uptick.
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