The 2007 financial crisis was a turning point for the financial world. Big firms such as Lehman brothers collapsed, huge losses were suffered and unemployment rose to a never-seen peak. Why? Greed for money and risks which shouldn’t have been approved in the first place was the reason.
Today, most companies have ensured they are protected from such risks with the implementation of sound and effective policies. These policies were the result of the hard work of leading risk management companies. Let’s have a look at them.
- Aptivaa
The 2007 financial crisis was an eye-opener to many firms in the BFSI sector about the importance of implementing risk and fraud management guidelines. This consulting firm leveraged the 2007 crisis to offer clients services such as credit risk, market risk, operational risk, regulatory compliance, and more. Using robust software, structured methodologies, and some highly skilled executives to give risk management solutions, Apitvaa has carved a name for itself among its clients for high-quality services.
- Ernst and Young (EY)
One the Big Four, EY is a strong name especially, in management of risk in financial services. When it comes to India, EY has the Financial Services Risk Management (FSRM), a team of risk professionals who ensure their clients are protected from risk and fraud. They offer services which help implement Basel II guidelines, analyse credit risk, a framework for anti-money laundering, and other beneficial services. EY collaborates high quality software along with brilliant minds to offer effective solutions, that’s why it’s got such a strong name.
- HCL Technologies
HCL is an industry leader when it comes to risk and fraud management. The team at HCL helps their clients to reduce costs, improve data accuracy, analyse the risk of fraud via effective use of IT process, analytics, surveillance, top financial services software, tools, and methodologies. Each client is given a personalised experience; no wonder, HCL is considered the best in the business.
- Capgemini
The IT giant aims to give its client sustainable service which will help their clients to bridge the gaps in their business and minimise the chance of risk. Capgemini leverages its deep experience in risk management to analyse the BASEL II guidelines readiness of firms, pricing risks, and data management. The firm uses over 70 of its risk and compliance tools and analytics to ensure all aspects are covered and the client is protected against risk and fraud.
- KPMG
Another one from the Big Four, KPMG is instrumental in making sure banks, asset managers, financial firms, and corporates manage risk in their financial activities. From making sure BASEL II guidelines are implemented successfully to quantitative evaluation of portfolio risks, credit and operational management of risk, and more. With their vast arsenal of professional, KPMG is an excellent firm offering effective solutions to their clients.
Risk and Fraud are some of the worst problems a business can face. It can damage their reputation and lead to heavy losses. It’s a good thing that such companies help negate such problems.
sagar57 