Compliance Risk Analysis - the basis for success
The topic of risk analysis compliance serves as a basis for every compliance program, no matter if it is with banks or corporates, since the essential prerequisite for an effective preventive compliance measure is the knowledge of already existing compliance risks. Effective preventive measures that save resources can only be implemented after the identification and evaluation of these risks. This is where our consultancy comes into play: targens supports and accompanies companies and compliance managers with professional consultancy and effective software solutions such as the SMARAGD Compliance Suite. targens offers a holistic support and futuristic solutions dealing with all aspects of compliance functionalities and the compliance risk management that can be applied on companies inside and outside the financial industry, e.g. corruption prevention, competition law or data protection and code of conduct – our solutions include a broad range of services and products that support the compliance departments of our customers efficiently.
The complexity of compliance management is continuously increasing. Therefore, the need for support on the part of the companies and with the compliance bank topic also meets a higher demand. No matter if it is risk management of compliance management: the risk catalog of a company includes a variety of topics and thus needs diverse and essential regulations, preventive targets and rules that help curb risks and preventive measures to successfully prevent risks. This is especially true for the field of compliance bank.
With regard to the instrument of the Federal Institute for financial service provider supervision in Germany (BaFin) we have embedded the minimum requirement such as MaComp or MaRisk in our strategies and solutions. Even if compliance and risk management cover various risks from a theoretical standpoint, both are essential factors for a successful reduction and prevention of risk potentials.