How Using Predictive Analytics with your Compliance Automation Solution Accelerates ROI

Webopedia tells us “Predictive analytics is the practice of extracting information from existing data sets in order to determine patterns and predict future outcomes and trends.” But it “does not tell you what will happen in the future.”

Rather, analytics provide a forecast “with an acceptable level of reliability”—an important tool for businesses seeking success.

How is the financial services industry using analytics?

1. Optimization of capital risk to “integrate the performance of capital” held in varying locations.
2. Regulatory compliance as analytics finds disruptions created by errors, oversight, or other issues.
3. Operational intelligence is obtained as analytics monitor happenings across all operations.
4. Bettering customer satisfaction and loyalty as companies engage based on consumer behavior.

Analytics help foster efficiencies. A recent Forbes article notes, “Financial services companies have reduced their time to decision-making by 13% with analytics.” This compares to 10% from companies not using predictive information.

Predict360 vertically integrates regulations and requirements, policies and procedures, risks and controls, audit and inspections, and on-line training in a single platform.  It enables functional managers and staff to manage their day-to-day risk and compliance activities while providing executives visibility into the risk and compliance profile of all its businesses and assets.