Implementing ERM in Early Stage FinTech · • created a maturity model that identified gaps and...
2
Implementing ERM in Early Stage FinTech CASE STUDY CASE STUDY FinTech Credit Solutions Provider Atlanta, GA 6 months o Enterprise Risk Management o Internal Audit o Business Strategy CAPABILITIES morganfranklin.com Challenge A leading technology first lending startup providing working capital and growth capital to the small business community engaged MorganFranklin to develop an organization-wide risk profile, help management understand risk exposures, and determine the organization’s risk tolerance and risk management strategy. Solution MorganFranklin’s team of experts strategized with the client and • developed an organization-wide risk assessment framework • identified opportunities to focus ERM implementation efforts on quick wins • created a maturity model that identified gaps and improvement opportunities between the organization’s current and desired level of ERM maturity • worked across legal/compliance, underwriting, operations, treasury and technology departments to develop a comprehensive risk management approach. Results The assistance MorganFranklin provided in implementing ERM served as a selling point to business partners (e.g., banks) and investors that increasingly require evidence of ERM capabilities for funding and partnership opportunities. The process provided greater transparency into risk areas for remediation and FFIEC compliance, and the outcome was used to establish an internal audit function and increase the organization’s risk awareness. The client proactively identified cybersecurity risks and opportunities to protect and create value for stakeholders, which expanded the organization’s valuation.
Transcript of Implementing ERM in Early Stage FinTech · • created a maturity model that identified gaps and...
Implementing ERM in Early Stage FinTechCASE STUDYCASE STUDY
FinTech Credit Solutions Provider Atlanta, GA 6 months
o Enterprise Risk Management
o Internal Audit
o Business Strategy
CAPABILITIES
morganfranklin.com
ChallengeA leading technology first lending startup providing working capital and growth capital to the small business community engaged MorganFranklin to develop an organization-wide risk profile, help management understand risk exposures, and determine the organization’s risk tolerance and risk management strategy.
SolutionMorganFranklin’s team of experts strategized with the client and• developed an organization-wide risk assessment framework• identified opportunities to focus ERM implementation efforts on
quick wins• created a maturity model that identified gaps and improvement
opportunities between the organization’s current and desired level of ERM maturity
• worked across legal/compliance, underwriting, operations, treasury and technology departments to develop a comprehensive risk management approach.
ResultsThe assistance MorganFranklin provided in implementing ERM served as a selling point to business partners (e.g., banks) and investors that increasingly require evidence of ERM capabilities for funding and partnership opportunities.
The process provided greater transparency into risk areas for remediation and FFIEC compliance, and the outcome was used to establish an internal audit function and increase the organization’s risk awareness.
The client proactively identified cybersecurity risks and opportunities to protect and create value for stakeholders, which expanded the organization’s valuation.
morganfranklin.com
MorganFranklin Consulting is the brand name referring to the global organization of MorganFranklin, LLC and its subsidiary, MorganFranklin Consulting, LLC. MorganFranklin, LLC is a subsidiary of Vaco Holdings, LLC. Vaco is a portfolio company of Olympus Partners.
© MorganFranklin Consulting, LLC. All Rights Reserved. 0220026
About MorganFranklin Consulting About MorganFranklin Consulting We are a management and technology consulting firm that works with leading organizations to address critical finance, technology, and business objectives. Organizations of all sizes turn to MorganFranklin Consulting because we bring experienced, engaged professionals who are highly energetic and motivated to work with our clients in challenging environments. We hit the ground running and achieve results through what we deliver, and in how we deliver it.
Technical Accounting & Financial Reporting
IPO Readiness
Finance Transformation
Business Transformation
Data & Analytics
Enterprise & Cloud Applications
Cybersecurity
M&A Lifecycle
CIO Advisory
Risk Advisory
![[PPT]PowerPoint Presentation - Event Schedule & Agenda …schd.ws/hosted_files/2016agripspring/97/Joint ERM... · Web viewOutline ERM Frameworks Why CIS is Involved in ERM CIS ERM](https://static.fdocuments.us/doc/165x107/5ac13a447f8b9a4e7c8cc305/pptpowerpoint-presentation-event-schedule-agenda-schdwshostedfiles2016agripspring97joint.jpg)
