Kroll has launched two digital tools aimed at enabling organizations to navigate the complex landscape of compliance, fraud, and legal risks.
In a world where financial, regulatory, and reputational risks are ever-evolving, Kroll’s latest offerings provide essential tools for compliance and risk professionals to proactively identify and mitigate potential fraud and corruption, as well as streamline routine compliance operations.
The launch of these products comes at a crucial time. As organizations worldwide adjust to the dynamic changes in financial and regulatory environments, the need for advanced, reliable solutions to detect and manage risk has never been more critical. Kroll’s new digital solutions are designed to address these challenges head-on, equipping businesses with the means to safeguard against financial and reputational damage.
Kroll specializes in delivering a wide range of risk and financial advisory solutions. With a focus on global risk management, the company offers expert services designed to help organizations navigate the complexities of the financial world. This includes everything from due diligence and cyber security to compliance and forensic accounting, ensuring clients are well-prepared to handle potential risks.
Among the new products is the Risk Analytics Monitor, a user-friendly fraud detection tool that identifies high-risk transactions and third parties. This innovative solution is pivotal for organizations looking to protect themselves from financial and reputational harm, providing a clear, auditable trail of risk identification and management efforts. Additionally, the Kroll Managed Compliance Software, developed with the expertise of Kroll’s Compliance Consulting team, supports financial services firms in adapting to regulatory changes through the automation of routine compliance tasks, thereby enhancing regulatory compliance efficiency and saving valuable time and resources.
The significance of these digital solutions in today’s risk management landscape cannot be overstated. With financial crimes on the rise, Kroll’s offerings are timely, providing organizations with proactive measures to manage and mitigate risks effectively. This proactive approach to compliance and risk management is crucial for maintaining operational integrity, protecting assets, and preserving reputations in a rapidly changing global environment.
Kroll’s commitment to advancing risk management strategies is further highlighted by its recent Fraud and Financial Crime Report. The report, which surveyed 400 risk and compliance professionals, reveals a growing concern over financial crime risks, with 69% of respondents expecting an increase in the coming year. More than two-thirds are prioritizing technology investments to address these challenges, underscoring the critical role of digital solutions in today’s compliance and risk management frameworks.
“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,” Kroll’s Co-President of the Risk Advisory practice, Giles Derry, commented. “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.”
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