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Can a financial institution’s Governance, Risk and Compliance (GRC) effort be thought of strategically, or is it simply a cost of doing business? Are compliance efforts something to make ‘go away’ as expeditiously as possible, or can best practices actually improve shareholder value? These are important questions that financial services executives have been working through.
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Financial Institutions are looking at IT to help them address challenges and re-orient their business goals. In view of this, a holistic approach is being sought from IT, risk management, compliance and business transformation goals and processes. Effective IT governance demands aligning IT processes to business needs. Understanding business strategies and being able to model and manage IT processes around them.
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Last updated on : 04-Aug-2008
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