In today’s world, there can be no business without external stakeholders -whether they are customers, distributors, dealers, franchisees, suppliers, vendors, etc. In an increasingly globalised, connected, and turbulent world, it is important to protect your business from third-party risk. Here are 4 global trends that have turned the spotlight on third-party risk management: 1. Globalisation and … Continue reading Key Trends that are Increasing the Focus on Third-Party Risk Management
Tag Archives: Fraud Risk Assessment
EWS – Your Shield Against Unforeseen Supply Chain Financial Risks
https://rbx-wordpress-site-media.s3.ap-south-1.amazonaws.com/wp-content/uploads/20230130102933/Early-Warning-System.mp4 Supply chain disruptions can have a significant impact on businesses. They can lead to delays in the delivery of raw materials, components, and finished products, which can cause production delays and shortages. This can result in lost sales and revenue, as well as reduced customer satisfaction. In addition, if a business is unable to … Continue reading EWS – Your Shield Against Unforeseen Supply Chain Financial Risks
Video KYC – The New Normal in Digital Onboarding and Fraud Prevention
As consumers have become more adept and comfortable in transacting online, the adoption of Video KYC has grown exponentially. Video KYC is increasingly replacing lengthy physical verification processes with the blessings of regulators in India. In a circular released on January 5, 2023, the Reserve Bank of India (RBI) has given a nod to complete … Continue reading Video KYC – The New Normal in Digital Onboarding and Fraud Prevention
The Importance of Identity Checks in Business Transactions
In late June 2022, a prominent bank released a newspaper ad about an e-auction of a property to recover nearly Rs. 93 crores lent to a company called “the Great Indian Nautanki Company Pvt Ltd”. The company’s name was enough to induce curiosity among journalists, and soon many acts of the drama came to the … Continue reading The Importance of Identity Checks in Business Transactions
Modern Credit Risk Management for the CFO of Today
Finance teams in most companies have realised that they must adopt the technology and tools driving change in modern businesses. Today’s companies need finance leaders who can leverage technology to manage emerging risks. The main task of modern-day CFOs is to plan for and forecast the future financial performance of their company in a rapidly … Continue reading Modern Credit Risk Management for the CFO of Today
Overcoming Fraud Risk Assessment Challenges Through Rubix ARMS™+EWS
The last thing you’d want is to partner with an entity that’s less than ethical, but how do you separate the good from the bad when your due diligence encounters challenges like these: Lack of transparency: It can be difficult to access reliable information about an entity’s past track record, especially if they operate in … Continue reading Overcoming Fraud Risk Assessment Challenges Through Rubix ARMS™+EWS