Achieving Efficient Governance, Risk and Compliance (GRC) for Financial Services through Process and Automation
A low-risk, high-impact approach to gaining control of regulatory compliance before it overwhelms a financial institution.
Now more than ever, financial institutions are struggling to comply with regulations and manage the risks and penalties of failing to operate within the rules. Establishing, maintaining and proving compliance requires both money and time that executives would rather invest in top-line growth. The myriad of procedures, tasks, and behaviors that bear upon compliance can be overwhelming. Yet financial institutions that can master the management all of these activities—and demonstrate that they have done it—operate more efficiently, compete more effectively, and build their brands and good names in the marketplace. Fortunately, newly available software platforms that have become known as Governance, Risk, and Compliance (GRC) technologies can help. This white paper discusses the drivers behind the growing awareness of GRC information technology and introduces the elements of an effective automated GRC system.
