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Cloud-based risk software for the financial services sector

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Cloud-based risk software for the financial services sector
Xactium? Xactium is a cloud-based risk management solution, particularly suited to deployment within the financial services industry. Promising enough flexibility for supporting any organization however, the software aims to improve risk visibility and compliance at every level. Xactium can be configured to match existing risk frameworks or processes, adding to operations with capabilities across risk aggregation, customizable risk scoring, hierarchy charting and comprehensive reporting. The ISO 31000 and 3LOD compliant system makes risk identification consistent, building flexible risk management hierarchies, raising risks from standard or custom templates and making risk capture easier. Provide standalone incident and event recording forms as standalone pages or within a company intranet, clearly assigning ownership while setting risk appetites or tolerance levels and categorizing accordingly.

Xactium’s risk assessment tools, both qualitative and quantitative, include multiple scoring schemes including inherent, residual and target. Schemes can be raised to match each area of a business, assessing against impact categories that matter most while leveraging notifications and escalations plus instant trend results to track mitigation progress.

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