Sustainable, Lower-Cost Risk Controls Testing Calls for Expediting Automation: Report

Creating centralized, updatable, and cost-effective risk controls testing and monitoring relies on greater adoption of standardized protocols. In turn, standardization reaches peak potential when boosted by well-placed automation.

Financial institutions (FIs) roundly desire these efficiencies, according to a recent multi-part survey and analysis by PwC and ProSight. But not all FIs have aligned the resources or secured full organizational buy-in to meet these objectives; yet more bank…