Global Leaders in Governance, Risk, Audit, Compliance and Intelligence Solutions and Content

We chose RiskBusiness as our Global Governance, Risk, Audit, and Compliance solution not only because of its full suite of financial services industry standard content at an affordable price but also, and more importantly, given its staff of highly skilled industry professionals. The Risk Business team possesses both technical and business knowledge and experience that is invaluable in implementing a GRAC solution.

We get all of the international news on major cyber threats and new technological issues. This helps us in identifying potential risks in our internal processes which we may have missed, so that we can get our mitigation actions ready. We can flag a newsflash and send it across to respective stakeholders to be ready with action plans to mitigate such risks.

Graci allows us to analyse the data that we have in place and do root cause analysis, so it definitely helps us internally. Also, it keeps a history of what we’ve done, so when we need to reflect or go back, I can look at what’s been done in the past because we keep that information. Also, if we were audited externally as a bank, I can retrieve the information and provide it to auditors.

The benefit of an external system is of course hosting. I like the fact that it hosts and manages our data for us, so I don’t have to mess around with spreadsheets and various other things during the month, and I have the ability to extract the raw data as required. There is no limit to me going in and saying I want all of the data for X period.