Payments risk mitigation has never been more important than it is today. Challenging operational issues, complex regulatory changes, and more sophisticated fraud scenarios impact all of us. Understanding payments risk and ways to mitigate those potential risks are essential strategies for successful financial organizations.
Wespay Advisors offers three Risk Review Services, in addition to our Enhanced ACH Audit with an included ACH Risk Assessment:
E-Banking is a required offering for financial organizations of all types, offering consumers and businesses greater convenience and visibility to accounts and services utilized. E-Banking teams face mounting pressure to meet the growing expectations of accountholders of what can be accomplished online while trying to prevent the ever-present threats to data security.
Wespay Advisors’ E-Banking Risk Review Service is designed to evaluate the financial organization’s compliance with the Federal Financial Institutions Examination Council (FFIEC) guidance to “adapt and expand the institution’s risk management practices as necessary to address the risk posed by E-Banking activities.” Our team of highly credentialed payments professionals lead the evaluation of your organization’s risk practices, including policies, procedures, controls, and the like.
Benefits of our E-Banking Risk Review Service: