Lumio® Risk Suite
Risk Intelligence For Banks & Credit Unions
Built on self-diagnostic risk maturity frameworks, (formerly Watctower) Lumio’s Risk Suite includes integrated Program Assessment and Risk and Control Self-Assessment (RCSAs) that roll up into a comprehensive enterprise-level view, enabling community financial institutions with actionable risk intelligence.
Gain a Holistic View of Risk
Eliminate the friction, cost, and complexity of managing risk and performance with a panoramic view of your organization’s risk landscape.
Break Down Silos
Enhance cross-functional collaboration and ensure full transparency for leadership and the Board, while staying aligned with regulatory expectations.
Integrate Data Seamlessly
Seamlessly connect internal and external data sources, including a curated library of KRIs and KPIs to monitor risk and performance.
Empowering Institutions With Actionable Insights to Optimize Risk
Enterprise Risk Management (ERM)
Lumio ERM streamlines manual processes and aggregates critical business indicators to create a holistic platform to manage your business and make informed decisions. Risk teams can execute against a strategic risk management plan, facilitate management-level risk briefings, and streamline board risk committee reporting.
Actively manage inherent, residual and actual risk at the 1st, 2nd and 3rd lines of defense. Mitigate hidden factories to reduce unexpected operating cost, and quickly identify regulatory and operational risks.
Lumio keeps your data fresh and current with on demand reports and data visualizations at your finger tips. No more waiting for everyone to update your excel spreadsheet.
Risk Maturity Frameworks
Built on a foundation of self-diagnostic risk maturity frameworks, Lumio’s Enterprise Risk Maturity Framework empowers CROs to identify gaps, benchmark against peers, and prioritize risk improvement activities. A dedicated FinTech Maturity Framework is also available.
Enterprise
Risk Maturity Framework
FinTech
Risk Maturity Framework
Risk Assessments
Lumio’s integrated risk assessment tools are built on current regulatory guidance and maintained by experienced risk professionals - empowering early risk detection and informed decision-making. Tools include:
Designed to identify, assess, and manage operational risks.
Standardize assessments to facilitate annual regulatory reporting.
Self-assess partners to identify gaps that need immediate remediation.
Driving Tangible Business Outcomes
With deep expertise in financial services and risk management, Lumio helps institutions modernize operations by streamlining manual processes, centralizing enterprise data, and aggregating hundreds of KRIs for a holistic, risk-informed view of the organization.
Frequently asked questions
Discover how Lumio empowers your team with risk-informed business intelligence. Browse our most common questions to learn about our Insight Suite's unique features, rapid onboarding process, and enterprise-grade support. When you’re ready, click “Get started” to begin your journey.
How does Lumio improve risk visibility across the organization?
Lumio ERM breaks down data silos by unifying risk, performance, and strategy into a single view so risk teams, executives, and the board can make decisions with confidence.
How does Lumio help executives and the board?
Lumio's Risk Suite delivers timely data dashboards and insights tailored for leadership, making it easier to monitor risk, performance, and strategy.
Can Lumio connect to our core and other systems?
Yes. Lumio integrates with core systems (like CSI, FIS, JHA, Fiserv) and third-party platforms to centralize your data for better risk oversight.
How does Lumio support regulatory compliance?
Lumio's Risk Suite includes pre-built risk assessment tools aligned with regulatory guidance, helping you identify issues early and stay exam-ready.
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