eLoomina
and
SRA

Internal fraud is a big problem in FIS corporations. Approx. 5% of their annual revenue is the cost according to research by the Association of Certified Fraud Examiners. This report also shows that only 3% of internal fraud incidents are discovered thorough technology even though in 85% of the investigated cases there were behavioral signs during the time of the fraud. Common behavioral signs of fraud are financial difficulties; unwillingness to share duties; excessive tardiness; refusal to take vacations and much more. At eLoomina, we have developed novel behavioral analysis algorithms and AI technologies to discover these behavioral signs and raise red flags as early as possible. We look at internal company data from HR, Finance, IT, and Operations, and map it to our indicators. Based on the Organizational Misbehavior (OMB) model developed by Prof. Yoav Vardi who is our investor and advisor, we look for indicators in 3 main areas: Motivation, Ability and Opportunity to commit fraud. Each employee gets risk score based on these indicators and we provide risk map, risk trends and analysis tool. Using eLoomina, FIS organizations will save money, protect their reputation, and maintain regulation and compliance.

About SRA

Built by bankers for bankers, Strategic Risk Associates’ Watchtower System advances risk and performance management for executives and the board in financial institutions. SRA Watchtower is a SaaS based Enterprise Risk Intelligence and Collaboration System that aggregates, integrates, normalizes and reports all critical risk and performance indicators on a continuous basis, providing real time access to company wide risk performance data, integrated in a way so as to strategically optimize risk strategy to the bottom line.

SRA LIVESTREAM ARCHIVE

May 25, 2021

A Look Behind The Vault

Joe George
Anthony Zatelli
Josh Bartels
Rachel Mains
April 27, 2021

Environmental, Social and Governance Program

Michael Glotz, MBA, CRP
Niki White, CPA
Lindsey Hall
March 23, 2021

Managing Risk is Managing Performance

Michael Glotz, MBA, CRP
Arindam Majumdar
Chad M. Davison
March 30, 2021

The Great Re-Regulation

Michael Glotz, MBA, CRP
Matthew Neels
Judith Corprew
Steve Gannon
December 8, 2020

The Great Forbearance Experiment

Michael Glotz, MBA, CRP
Amitabh Bhargava
Albert Knotts
Bryan Corsini
Nathan Stovall
October 21, 2020

Exams Will Look Different. Are You Ready?

Michael Glotz, MBA, CRP
Terry Hoover
Robert Russell
Jeff Deibel
August 26, 2020

Mergers and Acquisitions in a Crisis

Michael Glotz, MBA, CRP
Amitabh Bhargava
July 30, 2020

Credit Portfolio Management in a Crisis

Amitabh Bhargava
Michael Glotz, MBA, CRP
June 18, 2020

SRA Covid Compliance Challenges Livestream

Michael Glotz, MBA, CRP
Matthew Neels
Kenneth W. Proctor
May 13, 2020

SRA CRO LIVESTREAM

Michael Glotz, MBA, CRP
March 19, 2020

Preparing for A Black Swan Event

Michael Glotz, MBA, CRP
Albert Knotts
Amitabh Bhargava
Kenneth W. Proctor
March 12, 2020

Best Practices for Chief Credit Officers

Michael Glotz, MBA, CRP
Marc Caccavale
February 27, 2020

Best Practices for Chief Risk Officers

Marc Caccavale
Michael Glotz, MBA, CRP
January 31, 2020

SRA's Risk Maturity Spectrum

Marc Caccavale
Michael Glotz, MBA, CRP
December 2, 2019

SRA's Risk Management Paradigm

Marc Caccavale
Michael Glotz, MBA, CRP