Compliance Risk Indicator

CRI is a web-based software that enables a financial institution to perform more precise and timely BSA/AML Compliance Risk Assessments. With CRI, a financial institution can now identify & control compliance risk enterprise-wide with more precision and in a timely manner and can see compliance risk 20/20, 24/7, 365 days.

With CRI, a financial institution can see where the risk is, how much the risk is:

• Enterprise-wide
• By institutions
• By lines of business
• By products
• By regulations

How CRI Accurately Assesses Your Risk

Risk assessments may not capture all risks, may incorrectly assign risk levels and fail to identify emerging risks until it is too late.

CRI is designed to:

• Calculate the inherent risk associated with a specific regulation, product or service, process or institution.
• Adjust the inherent risk relative to the significance for the institution.
• Apply the institution's internal control factor to the inherent risk to determine the residual risk.
• Provide a tool to forecast the effect of certain events or changes on the residual risk level to aid in overall risk management.
• Identify the value of each component of risk in the calculation, thus giving the client the information they need to adjust an unacceptable risk level.

More Great Features

Robust Reporting
CRI provides a risk dashboard that provides risk levels for enterprise-wide, various institutions, lines of business, products and regulations. It also contains a variety of risk management reports such as heat maps, risk level and trend reports; risk factors and internal controls reports, etc. As applicable, all reports are available at the regulation, product, institution, or enterprise level.

Fully Customizable
Any rule can be added and mapped by the client. The design allows users to enter additional information on a specific law for inclusion in the calculation.

Easy Set-Up
One of the beautiful things about CRI is that there is no software to install. The solution is web-based. We provide 24/7 hosting on a secure server.

Value Pricing
There is an annual license fee based on certain factors such as the asset size of the financial institution. This fee covers 24/7 hosting and maintenance as well as a full service, dedicated support staff. There are no other fees. Please contact us today for pricing!