With new regulatory demands (such as Solvency II, ORSA, Basel II, Basel III, MIFID amd AML) and new types of risk (including market, credit, operational, liquidity, image and IT), financial institutions must now adopt advanced risk management and analysis.
The goal of an ERM (Enterprise Risk Management) program is to integrate risk management into a company’s strategic decision-making, financial and operational processes. The objective is to determine the right ratio between risk and profitability, and cost and opportunity, for lasting performance.
FrontERM is a complete, integrated solution that manages risks and calculates, analyzes and retrieves a large amount of data in dynamic reports. FrontERM responds to GRC (Governance, Risk and Conformity) issues through its risk management, internal control, audit and continuity planning capabilities.