How RISQ l financial institutions Enabled ING to Attain a Smart, Efficient and Effective FI Department

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Financial institutions departments run multi-departmental transactions like complex credit facility approvals and limit utilization processes. They benefit from attributes like flexibility, standardization, effectiveness, transparency and efficiency. RISQ l financial institutions introduced those attributes to ING through:

 

Digitalization, automation and integration that derive from contemporary technologies 

Monitoring, reporting and cross-departmental communication channels

Effective end-to-end life cycle management 

Reducing operational risks with auditing activities and subjecting them to multi-level approvals

 

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