BCT Digital launches rt360’s Governance, Risk and Compliance product suite
A Cloud-enabled GRC product suite that helps in strategically complying with various GRC objectives of an organization.
19 Jan 2022: BCT Digital, a global Fintech company specializing in regulatory technology, has launched ‘rt360 Governance, Risk and Compliance Product Suite’, a cloud-enabled suite covering a wide array of GRC requirements such as Enterprise Risk Management, IT Risk Management, Incident Management, Business Continuity Management, Compliance and Audit Management. It boasts of an industry specific risk and control libraries; and is compliant with international frameworks such as ISO, COSO, NIST and COBIT. The suite helps in automating manual GRC processes with rich features such as risk identification, control effectiveness testing, calendars, comprehensive workflows, email/SMS alerts, reporting and dashboards; thereby enabling a centralized view of risks across different risk types and LOBs.
The GRC product suite is a new addition to BCT Digital’s risk management product suite ‘rt360’. BCT Digital was 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.
The rt360’s Governance, Risk & Compliance product suite equips businesses to strategically plan and enhance GRC compliance. The product is designed in a highly flexible and modular approach; organizations can pick and choose the modules as and when required, with an option of cross integration among the modules; enabling optimization of investment decisions.
The product comes with industry specific risk libraries, comprehensive case management, centralized reporting and is mobility enabled. Another unique feature is the risk quantification through customized scoring approaches for measuring and monitoring risk. The product suite is cloud enabled and is available in a subscription model as well. Regional language enablement can be made available on demand.
Jaya Vaidhyanathan, CEO, BCT Digital said,
“Business environment is becoming volatile and the nature of challenges are increasingly complex. Managing risks, threats and vulnerabilities is critical for organizations to thrive and hence demand the right set of systems to fortify the organization’s defence. This would enable leaders to assess, interpret and take pre-emptive action. Most organisations manage their GRC in silos, but with the ever increasing myriad of regulatory environment and focus on accountability, implementation of GRC as an integrated solution becomes necessary to mitigate risks to the business”
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.