Driven by digital opportunities, innovative technologies and the focus on enhancing customer experience, nonbank lending and credit businesses bring efficiencies to the origination process and are taking significant market share from traditional players.
While seizing the opportunity of the competitive landscape and consumer expectations, financial innovation can also create heightened sensitivity for investors, regulators and the broader market. Specialty finance organizations are therefore often subject to unique risks and scrutinized requirements – especially as it relates to regulation, IT and security.
Protiviti’s risk, consumer compliance and anti-money laundering experts help established specialty finance organizations as well as new fintech entrants to demonstrate their commitment to strengthening risk management and compliance practices, while continuing to innovate and drive growth.
Our technology consulting and data management teams help enhance customer experience by focusing on digital transformation strategy, customer journey, experience and product strategy.
It is time for internal audit leaders to build what we term the next-generation internal audit function.
Current KYC processes are manually intensive and time-consuming, resulting in poor customer experience. FIs can overcome these roadblocks by adopting digital solutions to optimize KYC processes.
In this white paper, we offer our commentary on the 10 risks most often cited by leaders, including implications and strategies for effective risk management.
In today’s environment of digital change and growing cyber concerns, operational resilience continues to be top of mind for industry executives around the world.
Stay informed with Protiviti’s latest commentary, insights and points of view on key challenges and risks facing companies today, along with new and emerging developments in the market.