Understanding Third-Party Risk: The Impact of Outdated KYC and Data Insights on Your Brand
Outdated KYC practices and insufficient supplier monitoring can lead to operational disruptions and customer dissatisfaction. Learn how NGA’s solutions can help mitigate third-party risks and ensure the reliability of your supply chain.
Behind the Blue Screen: The Importance of Third-Party Screening and Ongoing Monitoring
The July 2024 CrowdStrike outage highlights the critical need for third-party risk management. Learn how NGA’s screening, monitoring, and risk management services help businesses stay ahead of potential third-party failures and safeguard operations.
Managing Hidden Risks: The Importance of Relationship Mapping
Learn how Relationship Mapping uncovers hidden risks within your customer and supplier networks. Discover how NGA’s advanced third-party screening and monitoring solutions help businesses mitigate potential threats and maintain compliance.
Leveraging AI for Enhanced Data Exploration and Discovery in Third-Party Risk Management
Discover how AI transforms third-party risk management by enhancing data exploration, pattern recognition, and predictive analytics. Learn how NGA’s AI-driven solutions can help businesses anticipate and mitigate risks effectively.
NGA’s Data Innovation: Reducing False Positives, Driving Efficiency, and Cutting Costs
Discover how poor data quality impacts compliance and risk management by increasing false positives. Learn how NGA’s data solutions help businesses reduce inefficiencies, improve resource allocation, and streamline compliance processes.
Balancing AI and Data Privacy in Financial and Healthcare Sectors
Explore how businesses in financial and healthcare sectors can leverage ethical AI to balance innovation with data privacy compliance. Learn how NGA’s solutions ensure responsible AI implementation, safeguarding personal data while fostering trust and regulatory alignment.
NGA Helps Organizations Mitigate PRECCA Risks Using Advanced Analytics
Discover how organizations can leverage advanced analytics to comply with the Prevention and Combating of Corrupt Activities Act (PRECCA) in South Africa. Learn how NGA helps identify risks, detect violations early, and maintain regulatory compliance to safeguard business integrity.
The Price of Non-Compliance
On 4 October 2024, the South African Reserve Bank sanctioned Bidvest Bank and HSBC for serious lapses in compliance with the Financial Intelligence Centre Act (FIC Act). These penalties highlight the critical importance of robust compliance systems to avoid financial and reputational risks. As HSBC exits South Africa and Bidvest faces significant penalties, the consequences of non-compliance are clearer than ever.
The Importance of Transparent Third-Party Screening: Lessons from the Enviro Mobi Tender Scandal
The recent Enviro Mobi tender scandal highlights the importance of thorough third-party screening. At NGA, we’re enhancing our system by automatically pulling director information, ensuring businesses have full transparency and avoid the risks associated with undisclosed relationships and conflicts of interest.
Safeguarding Against Fraud: How Effective Screening Can Prevent Costly Tender Scandals
The recent R400 million tender fraud case involving Eskom and Sasol highlights the critical need for thorough third-party screening and transparent partnerships. NGA’s advanced screening solutions, including automated director verification and B-BBEE compliance monitoring, help organizations detect hidden risks, ensure compliance, and protect their reputation.