Cloud-Enabled Governance, Risk, and Compliance Solutions

Celent will help qualify your requirements and introduce you to the vendor
Spotted a missing vendor? Use this form to alert a vendor to the Celent service
Create a vendor selection project & run comparison reports
Register to access this feature
Click to express your interest in this report
Indication of coverage against your requirements
Vendor requires PRO subscription to activate this feature
Requires research subscription, contact Celent for more info
24 October 2017
Cubillas Ding and Neil Katkov

Taking GRC to the Next Level

Key research questions

  • What pressures are financial institutions facing in their GRC operations?
  • What benefits can cloud provide to GRC operations?
  • What issues should financial institutions consider in creating a roadmap for cloud-based GRC technology?

Abstract

Cloud provides an efficient, scalable, and elastic foundation upon which to build innovative models using AI, other emerging technologies, and open APIs to take GRC to the next level.

A study by Celent and sponsored by Amazon Web Services examines the potential for cloud-based governance, risk, and compliance solutions in financial services.

Legacy systems and processes, organizational siloes, culture, and other ingrained issues are limiting the ability of firms to maximize accuracy, optimize efficiencies, and reduce costs in their GRC operations. Deploying GRC activities and solutions in the cloud helps firms achieve holistic and efficient GRC operations by better enabling enterprise-wide, real-time data analysis; effective use of unstructured as well as structured data; efficient and on-demand delivery of GRC solutions and interfaces; and cost-effective, high-performance computing infrastructure to drive strategic advantage.

This study examines the challenges facing GRC operations and how they can be overcome through the application of advanced technologies. The report provides a taxonomy of GRC operational areas and their corresponding technology solutions. Celent also examines several use cases for cloud-enabled approaches to the areas of fraud, AML/ KYC, and risk management.

sign in or register to read more

Insight details

Special Interest
Cloud, Risk Management & Compliance
Content Type
Reports
Report Type
Case studies, Industry Trends, Technology trends, Vendor landscape
Location
Asia-Pacific, EMEA, LATAM, North America
Subscription categories
Cloud, Financial Risk, Operational Risk, Risk & Compliance