AI-Driven ERM for Banking | Risk & Compliance Management Platform

Managing risk and compliance has never been more challenging. While financial risks like market volatility and credit risk have long been priorities, non-financial risks pose an equally significant challenge for the BFS industry.

The Covasant AI-driven ERM Platform, enhanced by intelligent automation and real-time analytics, integrates internal fraud, cybersecurity, and third-party risk management solutions, mitigating compliance risks and ensuring vendor relationships support strategic goals, enhance value, and maintain operational resilience.

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Fraud, Waste, and Abuse are persistent threats in finance, driving up costs and eroding trust.

Covasant’s AI-powered solution uses machine learning and hundreds of pre-built algorithms to detect fraudulent invoices and suspicious payment transactions across massive data sets. It simplifies internal audits, accelerates investigations, and supports proactive risk mitigation.

Impact: Reduced financial leakage, better compliance, and faster audit cycles.

AI-Powered Fraud Detection

Continuous Compliance Monitoring

Smart Risk Prioritization

Track Wasteful Spend

Effortless Enterprise Integration

Cybersecurity threats evolve rapidly. Continuously assessing vulnerabilities across your network and applications is essential for identifying weak points before hackers exploit them.

The Covasant cyber security service proactively monitors cyber risks in real time, scanning for exposed credentials and misconfigured systems to reduce the risk of data breaches. It also provides actionable recommendations and quick patch updates to mitigate threats.

Impact: Lower breach risk, faster recovery, and stronger security posture.

Incident Response & Recovery

SOC Monitoring

Cyber Risk Assessment

AI-Driven Due Diligence

Smart Risk Prioritization

Inadequate vendor oversight and regulatory non-compliance can trigger major disruptions, impacting operations, supply chains, and enterprise risk exposure.

Covasant’s ERM platform offers continuous oversight and real-time intelligence by dynamically mapping regulatory frameworks, security controls, and governance policies. With built-in predictive analytics and automation, it helps organizations detect emerging risks early and drive timely remediation through smart workflows.

Impact: Lower compliance risk, stronger governance, and smoother vendor operations.

AI-Powered Continuous Monitoring

Enhanced Risk Forecasting

Predictive Compliance Analytics

Autonomous Workflows & Triggers

AI-Powered Insights

Governance for Accuracy and Compliance

Financial models power critical decisions, but poor governance, undetected bias, and outdated validation processes can lead to costly regulatory penalties and flawed insights. Manual oversight is slow and inconsistent, making real-time monitoring essential.

Covasant’s AI-powered model governance solution automates validation, enhances transparency, and ensures compliance—so you can trust your models with confidence.

Seamless Data Integration

Regulatory Risk Alerts

AI/ ML-based Early Warning Systems

Automated Covenant Monitoring

AI-Powered Insights

Fraud, Waste, and Abuse are persistent threats in healthcare finance—driving up costs and eroding trust.