Regulatory Compliance

a dial representing risk

Enterprise Risk Management Software for Banks

CSI WatchDOG® Elite SmartRisk IQ(R)—premier enterprise risk management (ERM) software for financial institutions—addresses today’s regulatory requirements and adjusts to meet tomorrow’s demands. Since the economic downturn, regulators have been tightening the leash on financial institutions. But regulatory pressure is no longer isolated to our country’s largest banks; community-based financial institutions must now respond by changing their approach to risk strategy. 

As third-party financial risk management software, CSI’s SmartRisk IQ ERM software takes the burden off your bank by collecting, storing, analyzing, scoring and reporting on risk data, giving you a real-time snapshot of your bank’s performance. And with automated risk scoring and customer service support, you can make proactive, informed decisions to reduce risk and meet regulatory compliance demands.

Why Does My Financial Institution Need Bank ERM Software?

On average1, managing regulatory compliance takes 11 to 19 percent away from profits. At the same time2, the cost of non-compliance is estimated at 2.65 times the cost of managing compliance. To validate that financial institutions are compliant, examiners are now demanding that financial institutions of all sizes turn their attention to integrated risk management and compliance management across all areas of their business planning. 

Our bank ERM software takes a comprehensive approach to evaluating all of the risk areas defined by the Office of the Comptroller of the Currency (OCC):

  • Credit
  • Interest Rate
  • Liquidity
  • Price
  • Operational
  • Compliance
  • Reputation
  • Strategic

Offering both software and services, SmartRisk IQ helps reduce the cost of managing compliance, engage the management team and inform the board about risks and opportunities and satisfy regulatory requirements, providing protection from non-compliance penalties.

Enterprise Risk Management Tools from SmartRisk NOW®

Staying up to date on ever-evolving compliance and risk requirements isn’t easy. That’s why CSI Regulatory Compliance developed SmartRisk NOW—a robust educational resource for the latest compliance and risk management information. A free service accessed via Facebook, SmartRisk NOW provides:

  • The latest compliance news
  • Access to blogs, white papers, webinars and polls on recent compliance topics
  • Alerts when new guidance is released, presented in a quick, easy-to-understand format (what you need to know, what to do to prepare)
  • A compliance calendar with important regulatory dates and information

SmartRisk NOW is your one-stop shop for staying up-to-date on risk and compliance issues for financial institutions. And while you don’t have to be a member of Facebook to access it, if you are, it pushes content directly to your computer, mobile phone, tablet or other devices.

Take a New Approach with Bank Enterprise Risk Management Software

It’s time to change the regulatory culture at your bank. Our enterprise risk management for banks takes a proactive, holistic approach to risk management—not a reactive approach. Contact CSI today by completing an online form.

Find out how SmartRisk IQ and SmartRisk NOW can help improve your relationship with examiners, inform your board about risk appetite and direction, and give management the information they need to make strategic choices.


1The Federal Reserve of Minneapolis: Quantifying the Costs of Additional Regulation on Community Banks.

2Ponemon Institute: The True Cost of Compliance