What is Predict360?
Predict360, developed by 360factors, serves as a comprehensive risk and compliance management platform designed to streamline workflows and improve reporting for various financial institutions, including banks, credit unions, and insurance companies. This cloud-based SaaS solution consolidates essential components such as regulations, compliance management, risk assessments, controls, key risk indicators (KRIs), audits, policies, and training into one cohesive platform while offering powerful analytics and insights that help clients foresee risks and enhance compliance efforts.
If your current Governance, Risk, and Compliance (GRC) system isn't equipped with an effective analytics and business intelligence tool for creating insightful reports for executives and board members, consider Lumify360 from 360factors. This predictive analytics platform can seamlessly integrate with any existing GRC, allowing you to maintain your workflow processes while equipping stakeholders with the timely reports and dashboards they require for informed decision-making. With these advanced tools at your disposal, you'll be better positioned to navigate the complexities of regulatory compliance and risk management.
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Product Details
Predict360 Categories and Features
Third-Party Risk Management Software
Minimize the dangers linked to relationships with external parties and maintain adherence to Predict360's Third-Party Risk Management software. This all-encompassing solution equips you with essential tools to effectively evaluate, track, and control the risks associated with your vendors and partners. Predict360 simplifies the onboarding and evaluation processes for third parties by offering adaptable risk assessment templates and automated workflows. The platform features real-time monitoring and notifications, keeping you updated on any fluctuations in the risk profiles of your third parties. With centralized documentation and comprehensive reporting capabilities, you can effortlessly monitor third-party performance and ensure compliance with both contractual obligations and regulatory standards. The software's integration features facilitate smooth connections with other enterprise systems, boosting data precision and operational productivity.
Risk Management Software
Predict360's Risk Management platform delivers an all-encompassing approach to recognizing, evaluating, and addressing risks throughout your organization. Tailored to strengthen your risk management framework, Predict360 incorporates cutting-edge analytics, risk evaluation instruments, and continuous monitoring, offering a complete perspective of your risk environment. This platform allows you to optimize risk management workflows—from identifying and assessing risks to implementing mitigation strategies and ongoing monitoring. With adaptable risk assessment templates and automated processes, Predict360 guarantees thorough and uniform risk evaluations. Its real-time dashboards and reporting features provide essential insights, enabling you to make educated choices and take proactive measures against potential risks. Equip your organization with Predict360's Risk Management platform to foster a robust risk culture, enhance decision-making capabilities, and meet your strategic goals effectively.
Regulatory Change Management Software
Stay ahead of evolving regulations and maintain compliance effortlessly with Predict360's Regulatory Change Management software. This comprehensive tool empowers your organization to proactively oversee regulatory changes, optimize compliance workflows, and minimize the likelihood of non-compliance. With Predict360, you receive immediate notifications and updates regarding regulatory shifts, keeping your compliance team well-informed and ready to act quickly. The software streamlines the tracking and evaluation of regulatory modifications, ensuring that all pertinent stakeholders are updated on new requirements and alterations. The platform features customizable workflows, task management capabilities, and Kaia, our AI assistant. Its advanced business intelligence engine and real-time dashboards offer critical insights into your compliance status, enabling you to pinpoint deficiencies and take corrective measures efficiently.
Policy Management Software
Make certain that your organization’s policies and procedures remain current, easily accessible, and in line with the standards set by Predict360's Policies & Procedures Management software. This all-encompassing solution facilitates the efficient development, distribution, and upkeep of your policy documents, fostering consistency and adherence throughout your organization. Predict360 features a centralized hub for all your policies and procedures, simplifying document management and retrieval. The platform includes tailored templates and automated workflows to enhance the policy drafting and approval stages. With real-time monitoring and notifications, all relevant parties are kept updated on modifications and necessary actions, minimizing the chances of having outdated or non-compliant policies.
Operational Risk Management Software
Enhance your organization's approach to operational risk management with Predict360's all-encompassing software solution. This platform allows you to effectively identify, evaluate, and reduce operational risks through sophisticated analytics, continuous monitoring, and automated processes. With a unified perspective on all operational risks, you can better manage and address potential challenges. Predict360 features customizable risk assessment templates, powerful reporting capabilities, and effortless integration with other enterprise solutions, ensuring uniformity and efficiency in your risk management efforts. The software also aids in meeting regulatory requirements, helping you align your risk management strategies with established industry benchmarks. Equip your organization with Predict360’s Operational Risk Management software to cultivate a robust risk-aware culture, enhance decision-making, and reach your strategic goals.
Integrated Risk Management Software
Predict360's Integrated Risk Management (IRM) platform delivers a thorough and cohesive strategy for handling risks within your organization. By unifying risk management processes, Predict360 empowers you to comprehensively identify, evaluate, and mitigate risks, ensuring that every risk element is factored into your decision-making. The platform enhances risk management operations with sophisticated analytics, continuous monitoring, and automated workflows, allowing for greater efficiency. It offers a consolidated perspective of your risk environment, helping you recognize interconnections and handle risks with greater precision. Tailorable risk assessment frameworks and powerful reporting capabilities equip you with the necessary insights to make well-informed choices and proactively tackle potential risks. In addition, Predict360 facilitates adherence to regulatory standards by synchronizing risk management activities with industry guidelines and compliance mandates.
IT Risk Management Software
Strengthen your organization's cybersecurity posture and safeguard vital information assets with Predict360's IT Risk Assessment software. This powerful tool equips your IT department to pinpoint, evaluate, and reduce IT-related risks, fostering a secure and resilient technological framework. Predict360 provides an all-encompassing platform for managing IT risk assessments, featuring sophisticated tools for detecting vulnerabilities, analyzing potential impacts, and prioritizing risk mitigation strategies. The software includes customizable assessment templates and automated workflows, ensuring thorough and consistent evaluations. With real-time dashboards and reporting functionalities, it offers actionable insights into your IT risk landscape, empowering you to make informed decisions and proactively tackle emerging threats. Boasting centralized documentation and comprehensive audit trails, Predict360 promotes transparency and accountability within your IT risk management processes.
Financial Risk Management Software
Elevate your approach to financial risk management with Predict360 Insights. This platform is crafted to deliver a comprehensive perspective on financial risks, utilizing cutting-edge analytics and continuous monitoring to assist organizations in recognizing, evaluating, and alleviating potential threats. Predict360 Insights allows for the effortless combination of internal and external data sources, converting them into enhanced key performance indicators aligned with strategic goals and risk tolerance levels. With this tool, leaders can make swift and informed decisions grounded in current, pertinent information. Additionally, the software provides customizable workflows, advanced reporting capabilities, and integrated Power BI for impactful visual representations.
Compliance Software
Stay compliant and optimize your regulatory processes with the Predict360 Compliance Management system. This all-encompassing platform enables your organization to take a proactive stance on compliance by incorporating regulatory information, automating workflows, and improving transparency into compliance-related activities. With Predict360, you can easily monitor and manage compliance responsibilities, perform risk evaluations, and keep your organization aligned with changing regulations. The system features a centralized hub for compliance documents, powerful reporting capabilities, and real-time notifications about regulatory updates. By utilizing Predict360, your compliance team can concentrate on strategic objectives, minimize the chances of non-compliance, and foster a compliance-focused culture throughout your organization. Discover the advantages of a flexible compliance management solution that adapts to your organization's growth and supports a robust compliance framework.
Complaint Management Software
Predict360 empowers organizations to streamline their complaint handling process by capturing feedback from various channels, organizing it, and routing it to the right team members for resolution. The platform automates workflow processes to guarantee prompt follow-up and uniform management of each complaint. With real-time dashboards and analytics, users can gain valuable insights into complaint patterns, enabling them to pinpoint recurring problems and take corrective measures. The system comes with thorough documentation and audit trails, fostering transparency and accountability throughout the complaints management process. Additionally, Predict360 is designed to support adherence to regulatory requirements by conforming to industry standards and supplying essential documentation for audits and regulatory assessments. Enhance your team's ability to elevate customer satisfaction and mitigate compliance risks with the robust Complaints Management system offered by Predict360.
Business Intelligence Software
Predict360 incorporates Microsoft Power BI, enabling financial and insurance sectors to generate dynamic, interactive visual reports within the Predict360 platform. Users can smoothly export or integrate these reports into PowerPoint, Word, Excel, and other applications. Streamline your workflow with a variety of ready-made templates available at your fingertips. Select from an assortment of charts, graphs, and visualizations to clearly convey your data insights. The platform features an intuitive interface that simplifies the reporting process, minimizes the learning curve, and boosts overall productivity. Effortlessly share valuable reports and dashboards with colleagues and stakeholders, enhancing communication and collaboration throughout your organization. By utilizing Predict360 alongside Microsoft Power BI, your organization can strengthen its risk management strategies, enhance compliance oversight, and promote operational efficiency.
Audit Software
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Predict360 Customer Reviews
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Excellent fit for our mid-sized bank
Date: Jan 30 2025SummaryIn summary, this governance, risk and compliance solution has become a critical asset for our mid-sized US bank. It empowers us to navigate the regulatory environment with confidence, supports our business expansion, and ensures we maintain high standards of compliance. I highly recommend this solution to any bank looking to strengthen its compliance posture while driving operational excellence.
PositiveUser-Friendly Interface: The software's design is intuitive, which was crucial for our team, including those less familiar with tech. The onboarding was smooth, allowing our staff to quickly adapt, even amidst the busy banking environment.
Banking-Specific Compliance: Tailored for financial institutions, this software adeptly handles the complexities of banking regulations like Dodd-Frank, BSA/AML, and CFPB guidelines. It provides real-time regulatory updates, which is essential in the ever-evolving landscape of financial laws, ensuring our bank remains compliant without the overhead of constant manual updates.
Scalability for Growth: As our bank expands, whether through new branches or services, the software scales without hiccups. It handles increased data loads and complexity with ease, supporting our growth strategy without compromising on compliance.
Support and Training: The support team understands the banking sector's unique needs, offering timely assistance and industry-specific training. Their proactive engagement has helped us leverage the software's full potential, enhancing our compliance team's effectiveness
Cost-Benefit Analysis: The investment in this solution has clear returns through reduced compliance risks and streamlined operations. It's an efficient way to manage compliance costs while ensuring we're not just meeting but exceeding regulatory standards.
Seamless Integration: Integration with our existing banking systems was straightforward, thanks to a well-documented API and support from the software vendor. This ensured our daily operations were not disrupted, maintaining service to our clients.NegativeWe have not found any at this time as Predict360 has revolutionized our approach to regulatory adherence and risk management.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Excellent customer service and happy with the tool
Date: Aug 08 2024SummaryOverall, Predict360 provided a great experience by guiding us to the right tools based on our needs.
PositiveI have loved using Predict360 for the last few years. We implemented the following models: Complaint Management, Compliance monitoring and testing, Issue Management, and RCSA.
NegativeSometime it feels like product is over engineer for the end user.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Predict360 Review
Date: Aug 08 2024SummaryPredict360 is a powerful tool that we have come to depend on. It makes preforming risk assessments easier and issues management much more efficient. It is an ideal product for those risk teams looking to increase their productivity and get a clearer view of risks across the organization.
PositiveThe Predict360 team is responsive and knowledgeable. They are easy to work with and value suggestions and feedback.
The availability of ABA and community-based risk and control libraries helps identify any missing risks or controls in our risk assessments.
The ease of choosing which solutions work best for our institution and customizing those to fit our needs.
The implementation team was easy to work with and kept us on track.NegativeThe team is continuing to grow and evolve the product so some features may not yet be available that would provide increased efficiency.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great company and product on the Rise
Date: Sep 19 2024SummaryOverall would recommending the company and the product. From my understanding they are deploying all the fixes by 9/30/2024, which would make this an easy “yes”.
Positive360Factors as an organization as it comes to helping with questions, providing professional services support, listening to feedback on the Predict360 software, and implementing changes or enhancements. The Predict360 is a pretty easy software to understand and interact with from an end user perspective.
NegativePredict360 as a software is having enhancements deployed that will address some of the major issues . There is a lack of customization that is needed to make the solution work for non out of the box workflow processes. Also, there is a limit of downloading reports that are longer than 1k lines.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Predict360 Review
Date: Aug 19 2024SummaryWe are fairly new in using the application as we just went live in the last month and our team is still learning and training. We are also still figuring out how we want certain things to work for us and figuring that all out by trial and error.
PositiveThe individuals at Predict360 have been nothing but helpful and always willing to take the time to assist us, even if it takes multiple times to meet. They are very accommodating and patient in configuring and setting up the application. There are several features with the application that have been helpful with our process and creating efficiencies (creating checklists, workpaper workflow, dashboards and reports) etc.
NegativeThe application is designed for more of a continuous monitoring function by individual "tests." Our compliance monitoring program is set-up to have various tests performed within a "review" separated by regulation or product so we have had to create some workarounds to make the system work for us and are still navigating this limitation. However, Predict360 has taken into account our feedback and is considering updates for the future releases.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Efficient and Affordable GRC Solution for Financial Industry
Updated: Jan 25 2023SummaryThere is no doubt that Predict360 is a wonderful and affordable tool for risk and compliance management. The solution is flexible, customizable, and easy to understand. The workflows are relatively smooth, and we always appreciate the timely support from the customer support team. The software combines risk and compliance management modules for banks, credit unions, mortgage firms, and insurance.
PositiveCloud-based SaaS platform, offering multiple modules for risk and compliance in one platform, AI-powered, affordable, easy to use, endorsed by American Bankers Association (ABA).
NegativeI think everything is on track and very professional, so no negative cons for Predict360.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Best GRC Software for Your All Business Needs
Date: Oct 26 2022SummaryPredict360 is a beneficial GRC software, and it is helpful to mitigate risk and provide on-time regulatory updates. The software runs smoothly, and the customer support is fantastic. And most important is that it has been endorsed by American Bankers Association (ABA).
PositivePredict360 is a beneficial GRC software, and it is helpful to mitigate risk and provide on-time regulatory updates. The software runs smoothly, and the customer support is fantastic. And most important is that it has been endorsed by American Bankers Association (ABA).
NegativeI feel satisfied so, no cons found for Predict360.
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