EnGRC

June 4, 2024
Digital GRC, EnGRC

On April 30, 2024, the Reserve Bank of India (RBI) issued a crucial Guidance Note on Operational Risk Management and Operational Resilience (RBI/2024-25/31 DOR.ORG.REC.21/14.10.001/2024-25). This guidance aims to significantly enhance the effectiveness of operational risk management of Regulated Entities (REs) and bolster their operational resilience amidst the complex, interconnected, and dynamic environment of the financial system. Objectives of the Guidance The primary objectives of the RBI's guidance are two fold: Promoting Effective Operational Risk Management: Operational risk is inherent in all financial...

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May 10, 2024
Digital GRC, EnGRC

The Reserve Bank of India (RBI) issued a new circular on January 31st, 2024, emphasizing the importance of technology-driven solutions for effective compliance management. The deadline for compliance is June 30th, 2024. This blog post explores the four key requirements outlined in the circular and how EnGRC, a comprehensive GRC (Governance, Risk, and Compliance) platform, can help your organization achieve them effortlessly. RBI's Four Requirements: EnGRC Delivers 1. Enhanced Communication and Collaboration: EnGRC fosters seamless communication between all stakeholders on a centralized platform....

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November 1, 2023
Digital GRC, EnGRC

Pandemic and resilience The pandemic changed the way banks looked at their Business Continuity Plan (BCP) and BCM(Business Continuity Management). Strategies and plans that once accounted for everything from natural disasters, human error, cyber risks, insider threats, downtime, and operational setbacks had to now factor in the unpredictable X in their risk plans. Growth through adversity The new normal saw the banks overhauling their operations through complete process automation and digital acceleration. There was a constant need to prioritize and coordinate solutions, to...

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September 18, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]As businesses grow and extend their operations, they are subject to large volumes of regulations that often become intricate due to overlapping jurisdictions from multiple authorities. Implementing appropriate measures, policies, and processes to manage their legal and mandatory adherence helps them stay secure and compliant. Are you regulatory-ready? Regulatory compliance refers to businesses adhering to relevant local, domestic, Government, international and industrial laws or regulations that pertain to their operations, and governs all their activities, people, processes, and customer interactions. And...

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July 14, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]Change is the only constant. One of the most challenging aspects of running a business is dealing with change. Whether it’s a change in the economy, a never-ending flow of changes to laws and regulations, a mutating virus upsetting the economic balance, climate change, new technology, geopolitics, social media, or changing customer preferences, businesses need to constantly adapt to stay relevant. Failing to fully appreciate the impact of these changes on everyday operations presents real compliance risks. Change management and compliance Managing change,...

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July 13, 2023
Digital GRC, EnGRC

[vc_row full_screen_section_height="no"][vc_column][vc_column_text]Robust Enterprise Risk Management – for business success and resilience Robust risk management is an essential practice for individuals, organizations, and businesses of all sizes. It involves identifying, assessing, and addressing potential risks that could negatively impact the desired outcomes. All enterprises want to stay in business and out of trouble. Steps Involved in Robust Risk Management Step 1: Identify the Risks The first step in risk management is to identify the potential risks. This requires a comprehensive analysis of the project or...

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