Wolters Kluwer Financial Services has launched a new enterprise risk management offering, ARC Logics for Financial Services.
According to Wolters Kluwer, the ARC Logics will help financial services organizations bring transparency, control and efficiency to managing compliance and operational risks as well as to the audit function.
ARC Logics features a modular approach that will enable financial services organizations to fulfill their immediate risk management objectives in a targeted manner while allowing for expanded future usage of the same platform.
The solution’s modules are policies and procedures, risks and controls, program management, and audit. These can be implemented all at once or individually, and expanded as needed with changing business requirements and regulations.
Wolters Kluwer Financial Services’ risk and compliance professionals will be deployed on-site at banking, securities and insurance organizations as part of the ARC Logics implementation process.
Todd Cooper, vice president and general manager of Wolters Kluwer Financial Services’ enterprise risk compliance business, said: “Financial services organizations face an incredible amount of internal pressure and external influence from regulators to view and assess their firm’s risk exposure holistically.
“ARC Logics for Financial Services provides them with the actionable knowledge and tools they need and the consultative and professional services required to take action in alleviating these pressures quickly and efficiently.”