Case Studies

How Paramount implemented GRC Platform to help a middle east bank take better business decisions?

Governance, Risk and Compliance

CASE STUDY

How Paramount implemented GRC Platform to help a middle east bank take better business decisions?

Challenge

Bank operated in multiple countries with different compliance standards. Its  management processes relied heavily on manual procedures and legacy tools. This meant limited visibility into  possible potential financial and reputational losses

Solution

  • Build a common compliance framework mapped to international standards enabling streamlined compliance assessments.
  • Automated notifications were set up that ensured that the time spent on risk assessments reduced

Impact

Improved overall risk visibility and streamlined compliance. Risk reporting was dynamic and real time & just involved a few clicks. Enabled easy monitoring of risks.

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