Intelligent & integrated risk management
rt360 Governance, Risk & Compliance Suite
From the award-winning rt360 product suite
The rt360 Governance, Risk and Compliance (GRC) suite
Governance, Risk & Compliance (GRC) landscape is constantly evolving. On one hand we have newer and complex types of risks such as IT Security, Data Privacy and Business Continuity; and on the other hand, the regulators are continuously introducing newer standards such as COBIT 2019, NIST, GDPR and ISO 22301 for immediate action on compliance and reporting.
The rt360 Governance, Risk and Compliance (GRC) suite is designed to manage enterprise risks, ensuring end-to-end governance and compliance. It allows organizations to achieve an end-to-end automation of their GRC processes by enabling linkage to in-house systems and external sources.
Key Features
Expandable industry-specific risk library
It can accommodate new requirements and is compliant with global frameworks
Global frameworks supported include ISO, COSO and COBIT
Quantification of risk
Prioritization of risks by approaches like rank ordering and criticality levels
Consolidation of risks at an organizational level
Calculation of risk assessment score and residual risk instantaneously
Estimation of dollar value impact/loss for management reporting
Comprehensive workflow and case management
Action on all critical incidents and alerts
Record of audit trail of all actions taken
Advanced case management, such as grouping and re-assignment
Mobility and cloud-enablement
The product can be hosted on private/public/hybrid cloud models
Close incidents/alerts on the go
View dashboards, reports from smartphones
Regional language enablement
Languages supported include Arabic and French
Flexible commercial models
Commercial models available on license/subscription basis
Key Functionalities
Enterprise Risk Management
Risk control & self-assessment enabled through workshops and surveys
Map risks to business process and consolidate at line of business/organization level
Monitor key risks, set thresholds for alerts and notifications
Complete risk assessment as per global standards, like ISO, COSO & COBIT
Audit & Compliance Management
Streamline audit and compliance processes
Manage audit and compliance calendars
Initiate and track findings through comprehensive workflow
Perform risk-based audit
Test control effectiveness and compliance initiatives
IT Risk
Complies with global security standards like COBIT 5, NIST and organization-specific IT policies
Identify IT risks and controls through workshops, surveys & questionnaires
Out-of-the-box capability to integrate with external data feeds
Tracking of IT threats and vulnerabilities
Business Continuity Management
Risk Assessment & Business Impact Analysis
Create Business Continuity Plans (BCP) & map with processes
Track Recovery Action plans
Manage, track, and close plans, issues and actions triggered from risk assessments, plan tests, and track progress
Vendor Risk Management
Maintain list of active vendors and project profiles as one centralized repository
Effective on-boarding, managing and separation of vendors
Risk categorization of third-parties or vendors through a comprehensive checklist
Track renewal due dates with automatic escalation and reminders
Risk Quantification
A flexible and intuitive scoring mechanism
Alternative AI & ML approach for scoring of risks
Attribute scores to measures such as key risks, residual risks, and control effectiveness
Incident Management
Recording and quantification of loss
Flexible alerting mechanism
SMS/e-mail integration
Predicting similar incidents in the near future
Benefits
Accelerated time to market
By way of a ready-to-deploy framework with pre-built connectors
Improved compliance
Through continuously updated compliance mandates from regulators, out of the box
Mitigated risks & eased profitability
By bringing in global best practices with minimal customization, lowering TCO
Competitive advantage
By enabling enterprises to scale up in a SaaS model, with a host of deployment options
Unique Selling Point
Business first, technology next approach
Industry-specific risk registers, controls
Compliant to global GRC frameworks
Flexible commercials and deployment models
Brochures
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rt360 is a risk management product suite to manage the entire risk portfolio of banks and financial institutions that includes credit risk, capital allocation, pricing risk, liquidity risk, model risk and operational risk.
rt360 is designed by bankers, risk practitioners and technology specialists with a Business First, Technology Next approach, empowering banks and financial institutions to focus on their credit growth and profitability while managing their risks. The product is fully designed and made in India to address the complexities of the financial sector globally. The suite comprises of five distinct products to manage each of the risk portfolio.
