With recent enforcement actions, we’ve seen banks face significant fines due to a lack of regulatory compliance, with some large financial institutions paying millions in penalties.
How can banks learn from their peers and avoid repeating the same mistakes?
In this quarter’s release notes and product updates, we’ll walk you through our latest platform advancements designed to help you mitigate risks and prevent any blind spots in your risk management approach.
This Quarter’s Updates:
- Regulatory Fines Analysis
- 30+ Report Templates Available via Enhanced Navigation
- Enhanced Search Functionality
Regulatory Fines Analysis
💊 Prevention is easier than cure
As part of our Dynamic Risk Intelligence module, the platform now enables you to conduct thematic reviews based on regulatory fines and grouped by controls.
This feature provides a breakdown of fines exceeding $1M from the past 12 months, categorised by key risk types such as conduct failures, financial crime, and internal fraud.
This report highlights gaps, showing if Acin Index Controls are matched or missing, while identifying high-impact risks and controls linked to the largest fines through trigger-based assessments.
30+ Report Templates Available via Enhanced Navigation
🪄 Everything you need, all in one place
We’ve launch of 30+ new report templates to make it easier and faster for risk control insights to be found, all in one place.
These new report templates help organisations to rapidly report on the completeness of their risk controls, as well as the quality and efficiency of their environment versus peers.
Enhanced Search Functionality
💌 Find your perfect match – no more time wasted searching
It’s never been simpler for users to quickly find what they need across our platform. You can now filter search results by selecting the data type directly from the search bar.
As part of Industry Calibration, this update will further assist your business in identifying control gaps, aligning with industry-standard control attributes, and ensuring ongoing alignment.
This quarter’s release enhances our platform with valuable tools such as Regulatory Fines Analysis, a robust selection of 30+ report templates, and improved search functionality, all designed to provide users with greater insights and efficiency.
Staying updated on industry enforcement actions and evolving regulations is crucial to identifying potential risks before they become costly issues. By proactively monitoring peers’ compliance challenges, banks can strengthen their own practices and reduce the likelihood of fines from the regulators.
Acin is the industry utility solution for non-financial risk. We partner with clients to accelerate the maturity of non-financial risk and bring objective assurance. Stay tuned for more updates, and if you have any questions or inquiries, feel free to reach out to us at our contact page.