In today’s environment, lenders and services should strike a balance between minimizing operational cost while improving customer experience and strengthening risk surveillance.
Guidehouse has found that many lenders, services, and other financial institutions are often looking to maximize the value of their compliance spending through implementing a three-lines-of-defense risk model that positions risk management while the organization as a performance enabler.
In partnering with industry leaders to transform compliance programs, we believe financial institutions can drive down the cost of compliance by focusing efforts on four areas:
- Improving regulatory coverage and change management
- Enabling total population and/or risk-based sampling
- Increasing speed and quantification and resolution
- Reducing annual compliance cost, while maintaining effectiveness.
Guidehouse offers a tailored suite of compliance solutions that can help you reduce costs significantly and improve your current operating model to develop an effective compliance program.
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