Bangladesh, Jan. 19 -- Millennium Information Solution Limited (MISL), a leading software company, launched new software for banks and non-bank financial institutions.
The software-- 'Tahqiq-- is a risk-based internal audit system (RBIAS) that automates the process of internal auditing making it significantly faster and more cost effective; hence securing every penny of its clients, more effectively and efficiently.
The application of Tahqiq RBIAS aims to improve the banking sector's ability to absorb shocks arising from financial and economic stress, improve risk management and governance, and strengthen banks' transparency and disclosures.
It links internal auditing system of banks and NBFIs overall risk management framework.
The soft...