Standard Chartered Pakistan selects risknucleus governance, risk and compliance solution.

Aimed at digitizing the compliance-risk management processes, Standard Chartered Bank Pakistan Limited (SCBPL) has selected the RiskNucleusA(r) Governance, Risk and Compliance (GRC) solution, which is created and backed by the expertise of BenchMatrix. Deployment of this fully configurable and integrated, web-based application reflects the technological-innovation and process-advancement at Standard Chartered, with an aim to further strengthen controls culture through automation for identification, assessment and management of compliance risk.

The implementation of this digitized solution will ensure compliance with SBP's requirements to capture compliance risk at business, function, and entity-level. Through advanced reporting and analytics, the bank will be able to provide actionable, real-time risk and compliance intelligence and data across the institution, which will further strengthen business performance, based on the risk-awareness and integrity.

Muhammad Mubbashir Yasin, Managing Director and Country Head of Conduct, Financial Crime and Compliance, SCBPL stated that...