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In modern business's complex and ever-evolving landscape, Governance, Risk, and Compliance (GRC) has emerged as a cornerstone for sustainable and successful organizational strategies. Understanding what GRC software entails and its significance in today's corporate world is crucial for businesses aiming to navigate their myriad challenges.

What is GRC?

GRC stands for Governance, Risk and Compliance. It represents an integrated collection of capabilities that enable an organization to reliably achi

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The GFC caused large financial chaos – yet Aussie mutuals stood firm. Why? Ben Woods of Australian Mutuals History dissects their resilience, built on bedrock of member focus, robust safeguards, and unwavering discipline. A lesson for all institutions: resilience blossoms from member-centricity and prudent risk management.
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In part four of our ABCs of Operational Resilience series, we look at how operational resilience regulatory requirements are undergoing expansion on a global scale, how this will impact your organization, and what you can expect over the next decade.
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In his exploration of the Y2K bug's impact on cyber risk management, Australian Mutuals History's Archival expert Ben Woods examines case studies of proactive preparation by Australian customer-owned banks. The article underscores the ongoing requirement for robust governance to address persistent cyber threats
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Hi Global Risk Community member,

Today, more GRC teams are using Risk Intelligence Software to help mature their discipline, streamline processes, and gather deeper strategic insights. But how do you know if it’s the right fit for your organization?  

Join us on November 16, 2023 at 1:30 PM EDT for our exclusive webinar: “The Tot

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In the ever-evolving world of business, organizations encounter increasing complexities in handling identity and access risks. Simultaneously, the demand for adherence to a multitude of industry, national, regional, and global regulations continue to grow. To navigate this landscape effectively, an integrated approach is imperative.

Join us for an upcoming webinar, Harness IGA and GRC Synergies for Effective ID Management and Access Control, as we delve into the challenges surrounding identity,

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In today's constantly evolving financial market, getting ahead of possible risks and difficulties is critical for financial businesses' performance and security. Third-party risk management (TPRM) is an important area that needs special attention. As financial institutions rely more on third-party suppliers and partners, it is critical to adequately analyze, manage, and mitigate risks associated with these third parties. This is where TPRM software comes in to help financial businesses by provid

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Firms employ Risk Control Self-Assessment (RCSA) software to detect and manage risks. The program assists organizations in assessing their risk exposure, identifying possible risks, and developing risk mitigation plans. However, the conventional RCSA procedure, on the other hand, can be time-consuming, subjective, and prone to mistakes. AI's advent can change risk control self-assessment software by automating activities, boosting accuracy, and giving predictive insights.

In this article, we wil

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Enterprise risk management software ensures financial organizations' long-term performance and stability. The software assists organizations in identifying, assessing, and managing risks throughout their operations, offering a holistic perspective of possible threats and opportunities.

Financial institutions may better understand the risks that may damage their business and build effective mitigation plans using enterprise risk management software. Subsequently, this software assists financial or

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Issues management software is essential for financial institutions to proactively monitor and handle any risks to their operations, reputation, and bottom line. Considering the increasing intricacy of the banking sector, the growing complexity of regulatory regulations, and the quick speed of technology improvements, financial businesses must have a substantial problem management system to mitigate and handle any possible issues.


In such a scenario, issues management software may help financial b

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In today's linked codependent environment, financial organizations rely significantly on third-party suppliers for various services and products11029268880?profile=RESIZE_710x. While outsourcing may provide considerable benefits, like cost savings and access to expertise, it exposes businesses to various hazards that can harm their brand, financial stability, and regulatory compliance.

Financial institutions must adopt comprehensive third-party risk management systems to detect, analyze, and monitor third-party vendor risks to

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Several businesses use regulatory change management technology to enhance their current Regulatory Change Management (RCM) procedures and processes. Regulatory Technology, on the other hand, extends beyond just accelerating a few operations, and it reworks and synchronizes the regulatory change management program with the risk and compliance management systems. This has several advantages that assist banks, and financial organizations in meeting their company's goals.

Benefits of Using Regulator

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Compliance is the framework to guarantee that your firm, healthcare institution, or agency of law enforcement is adhering to the various rules, laws, and regulations that regulate your sector and the approach your organization uses.

compliance management system is created to ensure the compliance structure runs smoothly. It is the procedure for making your policy handbook, managing professional development and training, and compiling evidence of compliance for certifying organizations and gover

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Risk Control Self Assessment (RCSA) is a technique for identifying and examining operational dangers as well as the effectiveness of risk management systems. The goal is to guarantee that all corporate risk management goals are achieved in a reasonable length of time.

In the following ways, a facilitated RCSA can assist a bank in improving its control environment:

  • Spreading awareness of business objectives and the crucial role that internal control plays in achieving them.
  • Inspiring personnel to ca
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