Regulatory
Optimal GRC framework and strategy to become proactive from reactive
Fintech and banking industry regulations are unimaginably dynamic. Whatsoever complying with the industry norms and regulations is critical but is cumbersome. As your business goes global, your employees may work in silos yet use various tools and making them adapt regulatory changes is the most daunting task. Finance companies struggle to make their employees adapt these protocols with extensive training but what they need is a more holistic solution that can impart risk and compliance across their enterprise.
All stakeholders—employees, suppliers, and third-party vendors deal with sensitive data and that’s why a comprehensive solution to manage governance and compliance and mitigate risk is crucial without compromising the quality of the services offered to customers is needed. This creates credibility among customers and makes them come back for more.
We have expertise across Service Now and Nasdaq Bwise and we are a trusted IBM Gold sales and implementation partner (and an AI expert) who can leverage IBM OpenPages with Watson. We integrate siloed GRC systems into one another and centralize risk management functions and so you don’t have to spend and train your employees on multiple disparate systems.
Key services
Operational risk management
We automate operational risk processes from identification, management, to monitoring and analysis. We also help you identify the root cause of incidents and keep track of loss incidents and near misses plus monitor risks and control’s KPIs.
Regulatory compliance management
We create a repository of regulatory requirements and map them to your business structures. We help you achieve a 360-degree view of regulatory change management and share regulatory insights with the key stakeholders.
Policy management
We help you create a central repository of regulations, laws, and best practices. We leverage our AI capabilities to manage exceptions and map regulatory requirements with the policies and simplify the policy lifecycle process—create, review, approve, publish, and attest policies.
IT governance
We perform root cause analysis to identify IT incidents and map regulatory and compliance metrics with IT controls. Enable your enterprise application and infrastructure to seamlessly exchange data with third-party applications.
Internal audit management
We help you create and maintain audit objectives and a centralized library of work papers and automate its review process. You can access and retrieve audit reports anytime from the central repository.
Model risk governance
We help you setup an inventory to manage model’s workflows and validation life cycles and track model-associated issues. We also supervise audit resources and execute risk assessments and model attestations.
Business continuity management
We help you create a unified approach in consolidating business continuity relevant data and improve consistency with out-of-the-box workflows that can be customized.
Third-party risk management
We help you overcome third-party vendor risks by protecting sensitive, confidential data shared with them and avoid information misuse by preventing direct access to network resources.
Financial controls management
We help you comply with global financial reporting regulations while reducing costs and simplifying the entire process. With intuitive reports and immersive dashboards, we create transparency and create workflows to route tasks to key stakeholders across the organization.
Data privacy management
We help you maintain a repository of privacy assessments performed on data assets while demonstrating compliance to auditors. We also consolidate sensitive data across your organization.
let's begin your digital transformation
R88 has been on the cutting edge of technological innovation in fintech serving the banking and financial services industry, through all aspects of retail and commercial banking, including digital channel transformation, payments, core banking software and outsourcing, enterprise distributed software and beyond. Our experts help our clients navigate even the most challenging aspects of selecting and implementing new technology, saving them time, frustration, and financial resources.
