Emails and Excel sheets are passé. Digital audit needs improved flow of information, managing audit recommendations and enforcing their implementation clearly synchronized on a multi-level structure.
Santander is subject to the BION assessment to identify the scale and types of risks. The BION assessment consists of self-assessment forms comprising of 13 Excel spreadsheets and a total of 600 questions. We have supported the bank's self assessment process by implementing the user-friendly AdaptiveBION tool.
New digital solutions are currently pouring into what used to be a rather conservative area: financial institutions, as they are in constant need of real-time reviewing of their progress to meet market regulations and synchronize information of their multi-level structure.