Strengthening Governance, Risk and Compliance in the Banking Industry

  • Source: The Economist
  • Written By:
  • Published:
  • (Originally Published On:) )
Banks have progressed farther than companies in many other industries in automating financial processes and have more to lose from inefficient processes, facing intensified regulatory compliance. Effective governance, risk, and compliance (GRC) initiatives can multiply efficiency advantages of more conservative automation efforts while providing accurate, timely insight into the entire financial picture of the enterprise.

Featured Software Research:

How Offshore Drilling Companies Realize ROI on an EAM Software Investment

  • Source: IFS
  • Written By:
  • Published:
Rig owners and operators today have an increased focus on asset integrity management (AIM) and risk management, and are reassessing their investments in enterprise asset management (EAM) software to ensure they have applications in place that are properly implemented and functional, ensure compliance with regulations, and adopt AIM best practices. This white paper discusses the EAM software features that can play a role in software project ROI for drilling contractors as well as specific, discrete... Read More

Convergence, Collaboration, and Culture: The Evolution of Governance, Risk, and Compliance

  • Source: IBM
  • Written By:
  • Published:
Traditional governance, risk, and compliance (GRC) programs are siloed initiatives that are not equipped to manage the complexity of the dynamic modern regulatory and compliance environment. Organizations thus need to adopt a programmatic approach and tightly integrate risk management initiatives with ongoing business processes. BI and reporting can help, as well as provide a powerful mechanism for gaining a deep understanding of key factors that impact corporate performance. Read More

You may also be interested in these related documents:

Enhancing Governance, Risk, and Compliance through Effective Risk Management

Embedding governance, risk, and compliance (GRC) management into all business process has become imperative. Companies need to adopt a holistic view when it comes to reducing and managing risks, and ensure better access risk management. This paper discusses the need for companies to take a proactive approach towards access risk management. Read More

Align Financial Processes and Systems for Better Business Value and Compliance

Financial business process professionals need to coordinate financial process life cycle activities in order to enhance the value of information within the business, and drive better execution of compliance measures. But too often, automation and integration gaps discourage their efforts. Download this report to learn how to integrate and automate these activities, and improve your ability to make strategic and tactical decisions. Read More

Balancing Profitability and Risk in Banking: Overcoming Common Risk Analysis and Reporting Challenges

  • Source: SAP
  • Written By:
  • Published:
Banks need robust risk analysis and reporting solutions to improve reporting accuracy and efficiency, while reducing the costs and burdens of compliance. Yet many forces hamper efficient enterprise risk reporting, including regulatory and stakeholder pressures, process inefficiencies, and disparate data. This paper focuses on the risk reporting challenges facing banks, and outlines the best practices banks need to improve reporting and manage risk. Read More
comments powered by Disqus