BCT Digital adds Enterprise Risk Management to its rt360 GRC product suite
A product that uses a “Business First, Technology Next” approach to enable enterprises to identify and control risks arising out of their operations.
9th March 2022: BCT Digital, a global Fintech company specializing in regulatory technology, has launched ‘rt360 Enterprise Risk Management (ERM)’, a product which uses a “Business First, Technology Next” approach to enable enterprises to identify and control risks arising out of their operations. Risks can arise from people, processes and systems including both internal and external sources.
Today’s enterprises have evolved into connected businesses, adopted to new technologies such as third-party cloud infrastructure and services, blockchain, IOT, AI/ML models etc. While this is much needed, the risks have become more complex. Hence, organizations have increasingly felt the need to integrate powerful risk management strategies to cater to their growth targets in an unhindered manner.
The rt360-ERM product offers key functionalities like devising risk strategies, identifying risk sources leveraging multiple modes, assessing and mapping varied risks at LOB/org level, defining risk treatment plans and timelines. It also captures and monitors key risk indicators and provides proactive data insights and analytics. The ERM product is fully compliant with leading frameworks such as COSO and ISO, industry regulations, including the Basel guidelines. ERM product comes up with unique benefits in terms of providing a 360⁰ view of risks while breaking silos. Its strategic integration of risk management reduces cost of compliance, improves agility and decision making.
The Enterprise Risk Management Solution is an addition to BCT Digital’s risk management product suite ‘rt360’ which also led the company to achieve distinctive recognition. It recently ranked amongst Chartis Research’s top 100 RiskTech companies in its 2022 report. It was also named as ‘Category Leader’ in the RiskTech Quadrant for Model Risk Management solutions 2021.
Ms. Jaya Vaidhyanathan, CEO, BCT Digital said,
“We are glad to launch our distinctive and crucial Enterprise Risk Management solution, as a part of rt360 product suite. Today’s constantly evolving risk landscape can adversely impact an organization’s strategic growth and competitive edge in the market. There is a growing need for organizations to view risks holistically and integrate proactive, high-impact risk management practices into their overarching growth and go-to-market strategies. We stay committed to devise effective solutions to enable enterprises manage critical risks and cater to regulatory needs, thereby improving operational performance”
About BCT Digital
BCT Digital is an award-winning global digital transformation company delivering disruptive Fintech, RegTech, and Cleantech solutions to large organisations across diverse industry verticals. The company empowers industries to predict, manage and mitigate risks and make effective risk-resilient decisions leveraging next-gen technologies and sophisticated AI/ML models, data-driven algorithms, and predictive analytics. Ranked among the top 100 global companies by Chartis Research, BCT Digital helps banks, financial institutions, large enterprises, and public organisations optimize core processes and niche digital services, to maximize growth and profitability.
BCT Digital is a group company of CMMI L5-certified Bahwan CyberTek (BCT) Group, a global provider of digital transformation solutions in the areas of predictive analytics, digital experience, digital supply chain management and financial risk management in 20+ countries across the Middle East, North America, Far East, Africa, and Asia. The Group drives innovation through outcome-based business models and powerful IP solutions, delivering digital solutions to BFSI, Oil & Gas, Telecom, Power, Government, Retail and SCM / Logistics verticals.
About Bahwan CyberTek
Bahwan CyberTek (BCT) was established in 1999 and is a provider of digital transformation solutions across industry domains and has delivered solutions in twenty countries across North America, Middle East, Far East, Africa and Asia. Driving innovation through outcome-based business models, proven and powerful IP solutions, BCT is a trusted partner for over 1000+ customers, including Fortune 500 companies. With strong capabilities in Big Data & Analytics, Mobility, Cloud and UX / UI, BCT has over 2800 associates with technical and domain expertise in delivering solutions to Oil & Gas, Telecom, Power, Government, Banking, Retail and SCM / Logistics verticals. With a focus on joint innovation, BCT has partnered with leading global technology organizations such as Oracle, IBM and TIBCO to deliver differentiated value to customers.
About BCT Digital
BCT Digital focuses on the risk management and regulatory needs of variety of organizations in different industry verticals on a global scale. The core of BCT Digital’s offerings lies in the ability to identify gaps and building solutions that are both specifically suited to India and yet scalable to the global markets. BCT Digital, a niche player in the RegTech arena, adopts emerging technologies to enable organizations to mitigate risks, ensure liquidity and improve customer engagement. For more information, visit www.bctdigital.ai