Why banks need to adopt a dynamic view of risk to comply with supervisory expectations (ACPR, COBAC, CB-UEMOA, etc.).
The banking sector is evolving under increasing regulatory pressure. Between Basel III, the evolution of financial crime and the directives of the ACPR, the regulations of the COBAC in Central Africa or the Commission Bancaire de l’UMOA in West Africa, financial establishments must demonstrate perfect control of their risks. But in reality, risk mapping remains a major challenge.
All too often, African banks operate with compartmentalized tools, manual processes and scattered information. The result: an incomplete view of risks, a lack of anticipation and compliance that is difficult to guarantee.
So how do you structure an effective, real-time risk map?
Risk mapping challenges facing banks
- A partial view of risks
Without real-time updates, decisions are made late, leaving unnecessary financial and regulatory exposure.
- Increasingly stringent regulatory requirements
Regulators demand full traceability and the ability to justify every risk management action. In the event of an audit, insufficient mapping can lead to severe penalties.
Mapping banking risks in real time with Klivar: a proactive, intelligent approach
In an environment where the country risk of being publicly identified as part of a Gafi grey list looms large, reactive risk management is no longer an option. Banks must adopt a dynamic and continuous approach to identifying, assessing and mitigating their exposures in real time.
Klivar helps achieve this objective by structuring and centralizing risk mapping. Thanks to a digitized register, the platform offers a global view of processes, stakeholders and exposed assets, facilitating the identification of points of vulnerability. This structuring eliminates information silos and guarantees continuous risk updating, integrating regulatory developments and new threat factors.
But mapping alone is not enough: the added value lies in real-time analysis. Klivar automates risk assessment by integrating data from internal systems and regulatory repositories. This continuous analysis enables financial institutions to anticipate compliance deviations before they become critical, thus reducing the risk of sanctions and reputational damage.
Finally, effective risk management requires appropriate, actionable corrective measures. Klivar not only reports deviations, but also generates intelligent recommendations and rigorously monitors their implementation. Thanks to a system of alerts and continuous improvement of compliance scores, banks can not only meet regulators’ expectations, but also turn risk management into a competitive advantage.
In a world where compliance is a strategic issue, having a real-time view of risks is no longer a luxury, but a necessity. Klivar offers banks a powerful tool for navigating this complex ecosystem with agility and precision.
Why adopt real-time risk mapping?
- Reduce risk analysis times by 50%.
- Better anticipation and reduced exposure to sanctions
- Consolidated, dynamic view of risks to optimize decision-making
- Ability to meet regulators’ requirements with up-to-date, traceable data
The next step: Secure your risk mapping today
Is your bank ready to meet the new expectations of regulators with real-time mapping?
