Sunday, April 21, 2024

Templar Shield Announces Launch of an Integrated BFSI ERM Practice

The Fintech space, especially the Financial Services Operations technology, is congested with point solutions creating complexity, confusion, administrative nightmare, and overhead for Banking and Financial Services companies. Moreover, the technology siloes prevent them from proactively managing enterprise risk and compliance obligations.

The BFSI ERM practice will advise banks, credit unions, fintech, insurance, investment funds, and other financial service firms to develop strategies, including but not limited to implementing technologies that enable seamless collaboration between first-, second, and third-line functions. Thereby eliminating financial service operation technology silos or point solutions, gaining security, risk, and compliance insights for taking timely action, and achieving operational efficiencies.

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The practice is led by a team of seasoned banking domain and technology, risk & compliance professionals with more than 20+ years of experience providing strategic advisory and consulting services to banking, financial services, and credit unions.

“We are poised to empower banking and financial services companies to stay in control over the rapidly changing business landscape, emerging regulatory landscape coupled with increasing cybersecurity attacks,” said Nicholas Friedman, Managing Partner, Templar Shield.

Templar Shield is committed to bringing simplified, integrated solution accelerators that proactively integrate the core banking and risk technologies to bridge the gap between financial service operations and risk & compliance functions, managing risks and meeting compliance obligations. In addition, we have also partnered with blockchain technology firms to integrate and facilitate the transition to digital banking.

To further our mission, we have recently released an Integrated Financial Services Complaint Management Solution accelerator built on the ServiceNow Platform to help first-line functions identify regulatory/compliance requirements based on the complaint category and involve risk & compliance teams early in the process for timely action.

Templar Shield, Inc. is premier cybersecurity, privacy, risk, and compliance technology professional and value-added reseller firm. We provide various service options to meet our client’s needs, including advisory, integrated risk transformation, consulting, operations, and technical solutions. Templar Shield was recognized as one of the 20 Most Promising Enterprise Risk Technology.

SOURCE: PRWeb

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