Harnessing data from the wild to mitigate third-party risk in the finance sector - ERP Spain.com - España y América Latina

Regulatory scrutiny, eye-watering fines and a greater social conscience have driven compliance to the forefront of any global business agenda. Performing adequate due diligence and proving robust internal processes with access to open source data is a key component to avoiding fines and reputation damage. Chartis estimates that the total direct financial impact of the top 50 operational loss events over the last 12 months in the financial services industry is $60 billion. A shocking 98% of this impact can be directly attributed to misconduct and behavioural issues. Further investigation has shown that the majority of these losses could have been avoided through proper data discovery and analysis. In this webinar Peyman Mestchian, Managing Partner at Chartis and David Buxton, CEO of Arachnys will talk about these issues within the financial services industry and how a combination of technology and human behaviour analysis is the best approach for managing a seemingly insurmountable problem.