Operations and Transaction Risk
Focus Technology Group provides unique and powerful analysis and reporting tools necessary in today’s banking environment to assess operations and transaction risk. Regulator and management expectations for identifying and controlling risk are at an all time high. FTG offers the best data analytics software on the market. Using these products as the backbone of a Continuous Monitoring program will head off costly operational issues, detect errors and fraud in its earlier stages.
The BancAudit Pro system provides seamless access across multiple data sets as it is mapped to over 2,000 data fields found in the Account, CIF, Collateral, Common, Transaction, Maintenance and Teller files. It installs in 15 minutes and is ready to go!
The IDEA Account Activity App was jointly designed by FTG and CaseWare to identify fraud, errors and omissions and money laundering related to deposit and time accounts. Eight robust tests are provided.
The IDEA Loan Examiner App was jointly designed by FTG and CaseWare to identify fraud, errors and omissions and compliance violations to loan accounts. Eight robust tests are provided.