Risk

Build Your Solutions

Here are some use cases where KnomAI has worked with a variety of companies to provide workflows and solutions tailored for them. The use cases below show how complexity becomes simple and easy with workflows built on the platform and turned into Intelligent Questionnaires.
Create your own workflows to solve similar issues!

Our Solution:  We set up a partnership bringing together KnomAI workflow automation capabilities with the firm's managed services to offer third party risk solutions such as code of conduct, due diligence, auditing, and supplier screening against databases, 

Leading Business Services Firm  - Onsite Workforce Management 

The Challenge: leading Business Process Management Firm with deep domain expertise and providing managed services needed a tool to automate third party risk management for their clients. 

Our Solution: Build  an automated workflow to  establish compliance to controls in a transition process and auditing of the proper execution of the process with recommendations, incident alerts and actions reporting. 

Global Business Process Firm - Risk and Controls

The Challenge: leading Business Process Management Firm wanted to create an automated process to control transitions with determination of risk levels for various transition processesassociated controls and compliance to controls. 

Our Solution:  We set up a partnership bringing together KnomAI workflow automation capabilities with the firm's managed services to offer third party risk solutions such as code of conduct, due diligence, auditing and supplier screening against databases. 

Enterprise Risk Consulting Business - Third Party Risk Management

The Challenge: The Enterprise Risk Consulting Business with deep domain expertise and providing managed services needed a tool to automate third party risk management for their clients. 

Our Solution: We quickly built an automated workflow based on the Cloud Controls Matrix which allowed the identification of applicable controls based on the type of service and compliance to them.

Consulting Firm - Cloud Controls Matrix

The Challenge: leading Consulting Firm wanted to offer a solution for cloud security to their clients based on the Cloud Controls Matrix from the Cloud Security Alliance.

Our Solution: Build a policy engine with workflows automating the enforcement of financial crimes policies, their interpretations and related outcomes. Create access to all relevant subject matter experts within the organization to interrogate the engine and reach consistent outcomes.

Financial Services - Risk Management

The Challenge: Large multinational bank managing AML/KYC compliance needed to ensure consistency in risk analysis, policy interpretations and results, between onshore and offshore teams in processes requiring SMEs'  assessments.

Our Solution: We created a workflow accessible to all stakeholders to be able to identify a cybersecurity event, assess that it needs notification and follow the notification process automatically according to requirements.  

Insurance Company - Cybersecurity Event Notification

The Challenge: A large insurance company needed to ensure that cybersecurity events are identified quickly and breach notifications and risk mitigation in accordance with the Insurance Data Security Model Law are carried out quickly.

Our Solution: We built a workflow identifying when a data breach occurs and based on results, indicating to the user whether notification is required and the process to follow and when to reach out to the law firm.

Law Firm - Data Breach Notification

The Challenge: Large global law firm wanted to offer a tool to its clients to quickly identify GDPR breaches and potential notificationrequirements and have law firm support for further follow-up.

Our Solution: We rapidly automated the existing manual process, including onboarding, conflict check,  internal and external guided exchanges, document review capabilities and reaching assessments and decisions for each individual case. 

Law Firm – Insurance Client - Multiple Deals Validation

The Challenge: Law firm was handling hundreds of individual cases for their client with customer onboarding, conflict of interest check, document review and assessment, with multiple specialist lawyers involved, client feedback, reporting.