Managing non-financial risk efficiently and consistently
Banks and financial institutions face the challenge of managing non-financial risks across different departments – against a backdrop of increasing regulatory requirements, growing complexity and a growing shortage of skilled staff. Existing approaches are often fragmented, difficult to understand and lack transparency.
When it comes to efficient management, these approaches quickly reach their limits: what is needed is a solution that maps risks on a domain-specific basis, consolidates data and enables comparisons between assessments – without losing sight of the specific characteristics of individual departments. At the same time, it must automate recurring tasks, reduce time-to-value and win over users with an intuitive user experience.
msg.NFRA offers exactly that:
A modular platform for managing non-financial risk—from anti-financial crime (AFC) to operational risk (OR)in the banking sector—which allows for targeted expansion by business area, thereby offering flexibility and investment protection. Risks are structured in a clear manner and assessed consistently – for rapid adoption and broad acceptance. Workflows enhance operational efficiency and support audit-proof processes. Risk information is available in real time, creating transparency beyond annual assessment cycles.
Product leaflet msg.NFRA
Find out more about msg.NFRA in the leaflet. It provides a concise overview of the features, benefits and applications for consistent and efficient risk management.
The OR and AFC modules of the msg.NFRA SaaS platform – key benefits at a glance
Domain-specific dashboards
Make informed decisions and access the information you need instantly with transparent, intuitive reports and dashboards that are available at all times for the CRO and specialist departments.
Standardised data & automated assessments
Clean data sets, clear methodology and consistent risk assessments – with no manual intervention.
Complete audit trails for maximum traceability
Every step documented, every assessment verifiable – audit-proof and compliant.
Role-based permissions
Different access and editing rights in the OR and AFC modules – tailored to roles such as claims reporter, risk manager, MLRO or administrator.
Our range of services
OR in msg.NFRA
Risks and claims are logically linked and consistently consolidated – this creates synergies in analysis, assessment and monitoring.
Risks are identified, assessed and categorised using a standardised OR taxonomy. Governance is an integral part of the process: transparent, consistent and audit-proof.
The platform enables quantitative risk simulations based on Monte Carlo methods – entirely driven by assumptions and results to provide a realistic risk forecast.
From identification and action planning to effectiveness testing: msg.NFRA manages end-to-end mitigation processes with status tracking, KPIs and role-based to-do lists.
A graphical risk matrix, along with status and key performance indicator overviews, provide management-ready information at all times – without the need for manual consolidation.
AFC in msg.NFRA
Risk factors and aggregate risks are assessed, weighted and documented in a consistent and transparent manner.
New typologies can be quickly recorded, organised and integrated into the app, including their sources.
The assessment follows a risk-based approach and allows for a nuanced analysis of risk factors and variables such as customers, products/services or distribution channels.
AFC incidents identified by screening and monitoring systems are fed via interfaces into a structured case database and help to validate the risk assessment.
All risk-related decisions are documented in an audit-proof manner and can be reviewed at any time.
Word and PDF templates enable the production of reports that comply with regulatory requirements without requiring significant manual effort.
msg.NFRA as Software-as-a-Service
A one-stop software and service package.
The attractive pricing model, tailored to company size and selected modules, combined with flexible contract terms, creates a transparent cost structure and ensures long-term investment security.
Standardized processes enable shortened implementation times and an exceptionally fast time-to-value. The modern application and infrastructure technology is highly available and automatically scalable.
Very high security standards, regular updates to protect infrastructure and sensitive data, as well as continuous monitoring, ensure ISO-compliant operation.
The ongoing maintenance of the operating platform, together with the technical and functional upkeep of msg.NFRA, relieves both IT departments and business units of operational effort.
As a central point of contact for all inquiries, the msg group provides a comprehensive operations and service package, including optional add-on services and reliable 1st, 2nd and 3rd level support.
The continuous functional enhancement of msg.NFRA provides early access to regulatory updates, best practices and innovations.
Learn more about the solution or arrange a demo presentation!
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is responsible for building, scaling and commercialising the digital banking app business, and advises banks and financial institutions on digital banking apps.
designs and oversees software solutions for various banking sectors and helps shape the long-term sustainability of banks.
has many years of experience in the areas of governance, risk & compliance, data management, advanced analytics and corporate performance management, and is founder of the consulting and technology company msg Rethink Compliance.