Case Study: Cornerstone Bank achieves enterprise risk management efficiency with CSI SmartRisk IQ

Cornerstone Bank saves weeks on ERM research with Computer Services Inc

Cornerstone Bank, a financial institution based in West Virginia, faced the challenge of managing risk through outdated spreadsheets and a siloed approach. After a period of significant growth, the bank needed a comprehensive, enterprise-wide solution to keep pace with a rapidly changing regulatory and economic landscape. They found their answer by partnering with vendor Computer Services Inc (CSI) and implementing its SmartRisk IQ enterprise risk management platform.

The solution from CSI provided Cornerstone Bank with an automated ERM platform featuring intelligent content and expert guidance from former bankers. This saved the bank weeks, if not months, of research time during implementation. The platform centralized their risk management process, allowing for efficient uploads of documentation and generating concise reports for the board of directors. As a result, CSI helped foster a proactive risk culture across the institution and made regulatory examinations more efficient and effective.

Cornerstone Bank