With many financial institutions ending up paying massive fines for non-compliance, most businesses are actively seeking to redefine their Governance, Risk and Compliance (GRC) strategy.
There is a growing need for next-generation platforms that can consolidate GRC activities and help tackle the pressure of larger, more severe penalties. This change of attitude is because financial services sector has undergone a massive transformation in the recent years. Firms are facing increased complexity, particularly in relation to sustained market volatility and everchanging regulations.
In this paper, it explores the rapidly changing global financial markets and the role of next-generation GRC solutions in empowering organisations to make more risk-aware decisions. According to one of its surveys, three-quarter of professionals rated the complexity of the current regulatory compliance environment at 7 or above on a scale of 1 to 10. Download this paper to find out more.