Assess Strategy

Meeting financial compliance requirements and minimizing fraud risk is becoming more demanding. With new rules and regulations and ever evolving fraud threats under a tight economic environment, IT and risk managers are increasingly being required to look for ways to do more with less.

In an environment where new spending is very closely scrutinized there are significant opportunities to leverage assets already in house. And while there are a number of powerful applications and platforms on the market, each has strengths that make them better suited to specific types of problems.

In order to help our clients lay out a strategy that is going to be practical as it is successful, Exzac offers a set of consulting services designed to help financial institutions evaluate and establish a long term plan for establishing the best possible enterprise capabilities from surveillance and detection to operations and investigations. We sit with our clients and establish a clear set of goals and requirements, match those against some of the best approaches we have seen from elsewhere in the industry, and finally identify the best, most efficient opportunities to establish an enterprise fraud and compliance risk management environment step by successful step. Exzac brings clarity to financial compliance requirements and fraud detection with efficient cost-saving implementations gained by experience with industry best practices. We offer two types of assessment and strategy services:

• Assessment Workshop – A concentrated workshop that is conducted with business and IT leaders to help assess the current situation and to identify areas of compliance and fraud risk. This offering provides a venue and process for clients to communicate issues and challenges in a structured fact finding session in conjunction with Exzac sharing best practices and lessons learned as a means to establish logical next steps to facilitate cost effective and rapid issue resolution.
• Fraud and Compliance Risk Strategy Engagement – A 4 to 6 week project to help business and IT leaders assess the current situation, identify, prioritize and completely understand fraud and compliance risks and to develop a coherent and comprehensive roadmap to move forward toward a complete, efficient enterprise fraud and compliance capability either focusing on a specific short term objective or on a longer term strategic roadmap.