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Program Risk Assessment
Program Risk Assessments are a crucial element of effective risk management programs within a bank or credit union, addressing risks at all levels across the organization.
A Modernized Approach: From Spreadsheets to Strategic Insight
Lumio’s Program Risk Assessment tool transforms how community financial institutions manage risk, centralizing assessments, improving accuracy, and ensuring readiness for audits and regulatory exams.
Ditch the Spreadsheets, Centralize Your Risk
Consolidate your critical risk assessments, including AML/CFT, Fair Lending, and UDAAP - into one easy-to-manage platform to stay compliant.
Complete Assessments Faster, with Fewer Errors
Guided workflows and pre-built templates reduce manual effort while increasing accuracy and team productivity.
Always Stay Audit-Ready
Stay in sync with evolving regulations. Lumio’s assessments are continuously updated by in-house experts to align with exam expectations and simplify documentation.
Clear Risk Visibility at a Glance
Interactive dashboards expose trends, outliers, and blind spots, so you can act on risk with clarity and confidence.
Standardized, Scalable, Strategic
Achieve consistency across assessments year over year with a standardized approach designed to support annual regulatory reporting and long-term risk governance.
Strengthen Regulatory Confidence
Lumio enhances transparency and credibility with regulators, helping you demonstrate proactive, well-documented risk oversight during any exam.
Risk is evolving.
So should your tools.
Community banks and credit unions need more than check-the-box compliance. Lumio empowers leadership with insight, consistency, and confidence to govern risk in a dynamic environment.
Future-Proof Risk Governance
Today’s regulatory and operational risks are too complex for disconnected tools. Lumio provides a scalable, intelligence-driven foundation that adapts as your institution grows and regulatory demands shift.
Gain Confidence at the Leadership Table
Board and executive leaders need risk data they can trust. Lumio delivers clear, standardized outputs that elevate conversations from guesswork to strategy, earning trust across the organization.
Protect What Matters, Proactively
Outdated tools react to risk, Lumio helps you anticipate it. By connecting data, teams, and oversight into one unified system, you gain foresight to identify threats before they escalate.
Explore Other Lumio Risk Apps
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Enterprise Risk Management (ERM)
Whether responding to regulatory pressure, enabling board oversight, or strengthening internal controls, Lumio simplifies ERM with configurable frameworks, centralized data, and timely insights. It's not just risk management, it's risk intelligence.
✓ Mitigate Hidden Factories
✓ Execute Against a Strategic Risk Management Plan
✓ Transform Raw Data into Normalized KRIs
✓ Track & Report on Risk Improvement Activities (RIAs)
Risk and Control Self-Assessment (RCSA)
Lumio RCSA is more than just a tool; it’s a strategic asset designed to empower your institution to thrive in the face of uncertainties. Say goodbye to multiple-system management, as the RCSA is integrated within Lumio’s Risk Suite, creating a centralized hub for your risk program.
✓ Tailored to Your Uniqe Institution
✓ Enables Full Control of the Self-assessment Process
✓ Flexible Hierarchy Creation
✓ Integrated & Rolls-up to ERM & Accessible To All Users
Program Risk Assessment
Lumio’s integrated risk assessment tools are informed by regulatory guidance and maintained by our in-house team of risk professionals. Retire manual processes and outdated excel templates by leveraging Lumio to execute your program risk assessments.
✓ Centralize & Automate Systems
✓ Enhance Efficiency & Productivity
✓ Enable Risk Visibility
✓ Gain Regulatory Confidence
Risk Maturity Framework
Learn how Lumio's Enterprise Risk Maturity Framework, a diagnostic and prescriptive self-assessment tool to elevate an institution's enterprise risk management program and track progress over time.
✓ Engage & Educate Leadership
✓ Identify & Prioritize Risk Gaps
✓ Monitor & Track Progress Over Time
✓ Leverage Peer Comparison Benchmarketing
FinTech Risk Management
Confidently enter FinTech partnerships with a better understanding of the capabilities and associated risks of each partner. With Lumio's FinTech Risk Framework and self-assessment tools, you can identify improvement areas, develop a roadmap to enhance risk infrastructure, and evidence progress to regulators
✓ Assess Company-Wide FinTech Competence
✓ Identify New FinTechPartners & Onboard
✓ Conduct Periodic Risk Assessments
✓ Data-visualization & Detailed Reporting
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