High Regulatory Penalties
in BFSI and Fintech Spaces-
Are You Prepared?

Institutions are increasingly adopting digital technologies in their GRC function to effectively comply with regulatory mandates, holistically manage risks, and ensure sound governance. As illustrated by an OCEG survey, 85% of companies interviewed are convinced that they would need an integrated GRC Technological solution on this long road ahead.

Indian Financial Regulators (including RBI and SEBI) have identified Audit, Compliance, and Risk management as top critical observations in recent years. Below are the key specific areas leading to major penalties and Operational and reputational concerns for the Financial services sector.

Here is a case study about how a large India private sector Bank benefited from implementing an enterprise-wide GRC roadmap that included compliance, regulatory change, Information security compliance, operational risk, vendor risk, and internal audit functions - everything on one GRC platform ServiceNow.