Risk assessments

Risk assessment software with built-in AI to monitor, mitigate, and prove control in financial services

Q: What is a financial services risk assessment?

It's the structured identification, evaluation, and documentation of risks, from regulatory noncompliance to third-party failure, across banking and financial institutions.

Q: How does Process Street help?

We automate the risk assessment process with workflows for evaluation, scoring, approvals, and mitigation, all with full auditability.

Q: Can we assign ownership by line of business or function?

Yes. Risk owners, reviewers, and approvers can all work within assigned workflows and visibility controls.

Q: Does this integrate with control frameworks?

Absolutely. You can map risks to controls aligned with ISO, COSO, FFIEC, or your internal standard.

Q: Can we support periodic assessments or rolling updates?

Yes. Schedule workflows, launch ad-hoc assessments, and track status across teams or regions.

Q: How fast can we launch this?

Most teams are live in under a week with guided setup and financial risk templates.

Standardize your risk framework, automate assessments, and stay exam-ready, powered by Cora, your AI compliance agent.

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Risk assessment software with built-in AI to monitor, mitigate, and prove control in financial services

Trusted by more than 3000 companies

What's your biggest risk assessment challenge?

Process Street enforces standardized risk assessment templates to ensure consistency across teams and departments.

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Financial institutions are under constant scrutiny.
Whether you're managing operational, regulatory, reputational, or third-party risk, your assessments need to be consistent, documented, and actionable, not buried in static spreadsheets.

Process Street's risk assessment software helps financial services teams operationalize their risk programs. Identify exposures, assign mitigation, and prove control, from front-line execution to board-level reporting.

Centralize and control risk assessments

Store inherent risk scores, control mappings, residual risk ratings, and mitigation plans in one secure, searchable platform.

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Turn risk frameworks into live workflows

Automate periodic risk reviews, control evaluations, and escalation workflows. Assign ownership, enforce timelines, and collect results with no-code automation.

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Reduce exposure and align with regulatory expectations

Tie risk assessments directly to business units, products, or vendors. Identify control gaps and ensure mitigations are tracked to closure.

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Reduce exposure and align with regulatory expectations

Ensure compliance with built-in approvals and logs

Automate review cycles, capture sign-offs, and track risk decisions with full audit trails and timestamps.

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Meet Cora,
your AI compliance partner

Cora isn't just a risk register. She's your always-on risk enforcement engine. Built into Process Street, Cora helps you assess, monitor, and mitigate risk across financial operations, proactively.

Drafts and aligns risk templates Standardize risk scoring, heat maps, and evaluation workflows
Transforms reviews into execution Assign assessments, track responses, and route escalations
Scans for gaps Detect overdue reviews, unmitigated risks, and missing documentation
Prepares for exams Auto-generate risk summaries, mitigation logs, and control evaluations on demand

With Cora, your risk posture becomes defensible and dynamic.

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Streamline enterprise-wide risk reviews

Run periodic and ad-hoc risk assessments across departments or business lines. Monitor status and surface bottlenecks instantly.

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Strengthen three lines of defense

Coordinate between risk owners, compliance teams, and internal audit. Ensure everyone works from the same playbook.

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Manage mitigations and risk acceptance

Assign actions to reduce exposure, document exceptions, and monitor effectiveness over time.

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Gain oversight with real-time dashboards

Track risk ratings, control effectiveness, open issues, and treatment timelines from a single view.

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Banks, credit unions, asset managers, and fintechs use Process Street to operationalize risk:

Regulatory risk assessments

Identify and monitor exposure to changing regulatory obligations across jurisdictions.

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Operational risk management

Document key risk indicators and link them to control workflows and mitigation plans.

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Product and business line risk reviews

Assess risk exposure at the offering level. Track assessments, findings, and remediation tasks.

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Third-party risk

Evaluate vendors and partners with structured, repeatable risk frameworks.

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Risk mitigation and control mapping

Map risks to control frameworks like COSO, ISO, or internal standards, and prove they're enforced.

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Board and regulator reporting

Export dashboards and evidence to support board reviews, regulator exams, and internal audits.

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Frequently asked questions

Can't find the answer you need? Contact our support team.

What is a financial services risk assessment?

How does Process Street help?

Can we assign ownership by line of business or function?

Does this integrate with control frameworks?

Can we support periodic assessments or rolling updates?

How fast can we launch this?

Trusted by 3000+ companies

From banks and wealth managers to fintechs and regulators, Process
Street powers structured risk programs for teams that can't afford exposure.

From banks and wealth managers to fintechs and regulators, Process Street powers structured risk programs for teams that can’t afford exposure.

Data protection & security

ISO27001 compliance

Process Street is ISO 27001 certified, confirming compliance with global standards and a strong commitment to protecting customer data through audited, continuously monitored security controls.

Data protection & security

SOC 2 Type II compliance

Process Street has passed a SOC 2 Type II audit, confirming that it meets various criteria for safeguarding customer data. An independent external auditor has verified the effectiveness of the controls implemented by Process Street.

Healthcare information privacy

HIPAA compliance

HIPAA, a federal law, safeguards patient health information. Process Street's robust security measures include the option for a Business Associate Agreement upon request, ensuring HIPAA compliance.

Data protection & security

AWS CIS compliance

The CIS AWS Foundations Benchmark provides security best practices for AWS environments. Process Street's compliance ensures a secure cloud infrastructure by following established guidelines for configuration and monitoring.

EU Data protection & privacy

GDPR compliance

The General Data Protection Regulation (GDPR) is an EU law designed to protect the privacy of individuals and businesses in the EU economic area. It establishes rules for how personal data is collected and handled. Read our GDPR statement

Data protection & privacy

CCPA compliance

The California Consumer Privacy Act (CCPA) gives California residents more control over their personal data, including rights to access, delete, and opt out of data sales. Process Street ensures compliance through transparent practices.

Security & privacy

Artificial intelligence

Your data is never used to train AI models. Any data read or created by a workflow is exclusive to that particular workflow instance and cannot be accessed otherwise, even from within the same organization.

Data sovereignty & infrastructure

Data residency & private cloud

Choose where your data is stored with support for US, UK, Canada, EU, and UAE regions. Customers can also opt for private cloud deployment in their own VPC for maximum control and security.

Backed by happy clients

With Process Street we've been able to bring documentation to life… allowing us to adapt processes quickly, improve governance and achieve consistent results