So now that we are in the final stages of our newest version of RiskKey, we’d like to give you guys a sneak peek at some of the things we are bringing to the product in hopes that it allows the risk assessment process to be a much easier process than it has ever been.
A bit of background
RiskKey is a risk assessment app that we created a couple of years ago to do risk assessments for all of our clients when we do a FFIEC Audits for them (still do). We built it for our own use but after a while realized, “Hey, bankers could use this themselves for their own risk assessments other of IT!”
So we looked at our little application, gave it a real good scrubbing, took out the ‘hard-to-do, frustrating parts’ and threw in some ‘easy, fun, and collaborative parts’ and I think we have something that bankers (of ALL technical abilities) can use and make them feel like a rock stars!
The Goals
So when we were brainstorming on what we wanted this app to be, we came up with a few real important goals:
Simplicity – Risk Assessment is one of those processes that can be difficult and, in our opinion, gets over-complicated by many. So we took the opposite approach when building this application. We want an app that is more focused, without needless “features”, and that focused on ease of use! So for us, we side with the less is more approach.
Collaboration – We spent time with bankers understanding how they currently do their risk assessments and found that it usually ended up on one persons shoulders. So we wanted to build an application that would be flexible enough to use for a single person or scalable enough for multiple people to share duties in completing risk assessments across the financial institution. This will be perfect for audit/compliance managers that manage the audits but want others to do the risk assessments for their departments.
Community – Also with this app we want to build a sense of community and sharing. So we built the ability, within the application, to share risk templates between users of the system because we believe that if we help each other, we all can get things done faster and more accurately than if we did it by ourselves. So if you need to do a BSA risk assessment, just search among the community, use theirs, and that’s it. We dig that whole ‘collective intelligence’ concept.
Alright, more to come later, we are very excited about our product here and as soon as it is launched be sure to sign-up for a free trial. If you’d like to be contacted once it’s released, just sign-up and we’ll email you. Don’t worry, we won’t give out your email to anybody.