Control Assurance functions in organisations are largely manual and rely on individual judgment. Given the complexity of risk environment and the control design process, manual operations increase the likelihood of risks turning into incidents. Suboptimal controls management process can lead to higher residual and reputational risk and higher cost. BFSI organisations need to deploy integrated solutions and control testing automation in order to to ensure effective management of control environment.
TCS Cognitive Control Assurance Solution provides control design & implementation, control assurance, control analytics, monitoring, and automation services to ensure effective risk management and drive intelligent insights in controls management process. Organisations stand to benefit from:
TCS Cognitive Control Assurance Solution offers financial institutions a way to transform their controls management function: