Connected Operational Risk Management Application

Corizance is an award-winning Connected Risk Intelligence platform designed to help organizations accelerate resilience, sustainability, and growth. The platform offers a suite of advanced features and benefits tailored to meet the needs of high-risk industries, such as banking, insurance, fintech, high risk and government sectors.

Key Features and Solutions

1. Connected Operational Risk & Resilience Management:

• Dynamically assesses and monitors critical operational risks.
• Leverages best practice sector-specific taxonomies and libraries.
• RCSA & Other Key Risks Assessments
• Risk Registers & Activities Management
• KRI Monitoring
• Events & Loss Management
• Third Party Risk Assessments (Self & Employee driven)
• Risk Appetite and Tolerance Management
• Controls Management
• Risk Capital Adequacy Analysis
• Actions & Governance Management
• Admin
• Application User Management
• Dashboards, Analytics, and Reporting capability
• APIs and Data tools
• Database & File storage
• Workflows, process automation and notifications
• SSO & Multi-factor Authentication Enforcement
• AI Co-Pilot for qualitative and predictive analysis

2. Information Technology, Business Continuity, Data and Third-Party Risk & Resilience Management - for integrated risk reduction and enhanced resilience
3. Cyber Risk Quantification, Monitoring & Resilience Management - using the NIST & other leading frameworks to assess, quantify, monitor and reduce cyber risk exposures and protect business operations.
4. Linking to Regulatory and Policy Compliance obligations - for effective compliance
5. Predictive Risk & Fraud Monitoring - for proactive identification and prevention of critical insurance, banking and financial domain frauds.

Business Benefits

• Up to 5% in annual revenue savings or uplift.
• More than 40% reduction in impacts and losses.
• 60-70% increase in operational efficiencies.
• 40-50% increase in risk management efficiency.
• Over 45% reduction in compliance spending.
• Enhanced risk culture and compliance.
• Improved brand reputation and stakeholder satisfaction.

Platform Advantages

• Low-code solution for easy customization.
• Built-in best practice frameworks and taxonomies.
• Over 200 connectors and APIs for seamless integration.
• Automated monitoring, alerts, notifications, and reporting.
• Advanced analytics and AI powered predictive risk modeling.
• Simple onboarding and swift implementation.

Corizance has been recognized as a 'Digital Security Innovator' by the British Standards Institute (BSI) and the Police Digital Security Centre (UK). It has also been acknowledged by numerous prestigious programs, including F10 Accelerator, R3 Venture Development Program, Microsoft for Start-ups, IBM, Zurich Insurance Innovation Challenge, etc.

https://www.wetransact.io/