Kroll, the independent provider of global risk and financial advisory solutions, announced the launch of two new digital solutions designed to help organizations identify and manage compliance, fraud and legal risks.
As organizations globally respond to shifting financial, regulatory and reputational risks, these solutions enable compliance and risk professionals “to proactively detect fraud and corruption and automate routine compliance tasks.”
Kroll’s Risk Analytics Monitor is “an easy-to-use fraud detection solution that helps identify high-risk transactions and third parties that could lead to financial and reputational damage for an organization, providing an auditable trail of risk identification and response.”
Incorporating the trusted expertise of Kroll’s Compliance Consulting team, the new Kroll Managed Compliance Software “helps financial services firms to proactively address changing regulations by streamlining and automating routine compliance tasks, supporting regulatory compliance while saving time and resources.”
Giles Derry, Co-President of Kroll’s Risk Advisory practice, said:
“Technology’s role in governance, risk management and compliance outcomes will take centre stage in the coming years, with solutions that help detect and mitigate risks and threats early becoming a necessary addition to any compliance and risk management framework. Kroll’s digital offerings provide our clients with proactive and efficient solutions to help them manage risks to their operations, assets, reputation and people. These solutions can be integrated into organizations’ existing compliance programs, embedding our global expertise into day-to-day risk management activities.”
Kroll’s Fraud and Financial Crime Report, which “surveyed 400 risk and compliance professionals, found that 69% of respondents anticipate an increase in financial crime risks over the next 12 months, with more than two-thirds of respondents prioritizing their own technology investments to counter the uptick.”
As the independent provider of risk and financial advisory solutions, Kroll leverages our unique insights, data and technology “to help clients stay ahead of complex demands.”
Kroll’s team of more than 6,500 professionals worldwide “continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions and valuation.”
Their advanced solutions and intelligence “provide clients the foresight they need to create an enduring competitive advantage.”
