Governance, Risk, and Compliance: Smooth Seas Do Not Make Skillful Sailors
Report Summary
Governance, Risk, and Compliance: Smooth Seas Do Not Make Skillful Sailors
GRC platforms are a tremendous help to financial services firms looking to keep an even keel in turbulent waters.
Boston, May 21, 2014 – If information is power, now is the time for risk and compliance technology tools to proactively defend companies. To meet regulatory obligations and earn back trust following the financial crisis, companies must define their risk appetite and communicate to employees the necessity and purpose of governance, risk, and compliance. Risk and compliance software is a highly fragmented market, but GRC software aims to bring GRC teams' many responsibilities into one tightly run ship.
Based on interviews with vendors serving the financial services industry and a vendor survey, this Aite Group Impact Note looks at the environment for GRC technology within the financial services industry. It discusses the challenges and benefits of the technology, identifies the latest developments affecting adoption, and includes brief summaries of key vendors: Agiliance, IBM, MetricStream, Nasdaq OMX BWise, Protiviti, RSA Archer, Rsam, and Wolters Kluwer Financial Services.
This 32-page Impact Note contains six figures and four tables. Clients of Aite Group's Institutional Securities & Investments or Wholesale Banking & Payments services can download this report.