MetricStream: Thinking Beyond Conventional GRC: What’s Next - Governance, Finance, Risk, and Compliance (GFRC)?
The traditional Governance, Risk, and Compliance (GRC) processes have facilitated financial organizations with the management of risks through organized and streamlined approaches and controls. However, an increasing number of incidents of compliance breaches and failures to ensure timely identification of risks across industries have questioned the effectiveness of the existing governance systems in enterprises.
Although conventional GRC programs take into account important parameters such as IT security, systems, processes, and controls, it often fails to focus on organizational psychology and human behavior. Linking existing GRC strategy with finance will widen the scope of GRC by including parameters such as conduct, capital, model, stress testing, and reputational risk management. Further, investing in advanced technologies such as social media monitoring, artificial intelligence, high-performance computing, and flexible data access will help organizations move beyond traditional GRC and establish a realistic methodology.
Join speakers Peyman Mestchian, Managing Partner at Chartis Research, and Mike Rost, VP of Marketing, MetricStream, as they discuss the highlights of Enterprise GRC Solutions - MetricStream Vendor Highlights Report published by Chartis in 2014
The speakers give insights on the following topics:
- Significance for GFRC in today’s business
- Demerits of conventional GRC model
- Why invest on Next-Generation GRC technology?
- Trends in GRC technology and key drivers in the market