Global Leader in Financial Services Chooses MetricStream to Accelerate the Cross-Organizational Adoption of Its GRC Program

August 25, 2020 | San Jose, California: MetricStream, the independent market leader in enterprise cloud applications for Governance, Risk, and Compliance (GRC)/Integrated Risk Management(IRM) announced that a multi-national investment bank and financial services company has selected its suite of products to automate, standardize, and centralize its GRC program. The MetricStream GRC cloud, platform, and app suite will provide a single, unified system to manage multiple GRC and integrated risk management (IRM) processes, including operational risk management, compliance management, business continuity management, policy and procedure management, third-party risk management, and internal audit management. The apps will also deliver real-time risk reporting and intelligence to accelerate decision-making.

The underlying MetricStream platform will support the use of a common risk language through integrated taxonomies for processes, risks, controls, products, and regulations. These taxonomies will be contextualized to reflect the firm’s multiple lines of business, geographies, assets, and third parties. Meanwhile, MetricStream’s apps will replace manual GRC processes with intuitive, automated workflows and analytics that strengthen visibility into risks, while also improving efficiency.

The firm is expecting to leverage the MetricStream platform to support the convergence of business resilience and continuity, with operational risk, IT risk, and cybersecurity programs. MetricStream’s policy management app will link the firm’s strategic objectives and regulatory obligations to a role-based employee policy and procedure portal. Advanced capabilities for risk-based audit planning, workpaper management, and reporting will help the firm optimize audit productivity and value.

“We are pleased to see this leading financial services firm take steps to accelerate its GRC journey through an integrated platform approach,” Salil Jain, Chief Customer Officer, MetricStream notes. “The financial sector is under constant pressure to improve resilience, even more so today, and respond effectively to emerging risks, while also demonstrating a culture of integrity. Our apps and solutions help organizations build a core of effective governance, risk awareness, and compliance which enables our customers to thrive in the market without comprising on their values.”