Banking Governance, Risk and Compliance (GRC)
Industry participants worldwide are spending unprecedented amounts of time, attention and resources to address a continually expanding list of regulatory requirements, often in multiple markets.
These pressures are diverting IT expenditure from innovation and modernization projects that would help improve cost/income ratios, service to customers and marketplace presence.
An integrated, enterprise wide approach, underpinned by technology, offers the banks potentially significant benefits:
- Automatically embeds compliance into core processes.
- Greatly improves efficiency and reduces duplication and complexity cost.
- Enables banks to be engaged in the objectives of the regulatory regime and the benefits of it rather than constantly playing catch up
- Regains the trust of bank customers with a compliant and streamlined service