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Case Study · AI & Automation

Connecting governance A GRC platform brings policies, risks and compliance checks together

Partner project by Innowise

Project profile

  • CustomerNot named
  • PartnerInnowise
  • IndustryBanking
01

Challenge

An internationally active bank managed policies, risk assessments and compliance reports in separate systems. The fragmentation made a shared overview of global activities difficult and led to considerable manual effort.

02

Solution

Consolidating data, supporting reviews

Innowise developed a cloud-based GRC platform that brings together information from different sources. AI-supported functions assist in identifying risks and in reviewing compliance requirements.

Policies and scenarios in one working context

The platform covers policy management, automated audits and scenario-based risk simulations in the context of the Basel III capital requirements. Predictive analytics supports the early detection of possible compliance gaps.

GRC functions on one shared data basis

GRC functions on one shared data basisDistributed sources: Global operations → GRC platform: Consolidate data; GRC platform: Consolidate data → Policies: Manage; GRC platform: Consolidate data → Risk scenarios: Assess; GRC platform: Consolidate data → Audits & reports: Review.Distributed sourcesGlobal operationsGRC platformConsolidate dataPoliciesManageRisk scenariosAssessAudits & reportsReview

Distributed sources: Global operations → GRC platform: Consolidate data; GRC platform: Consolidate data → Policies: Manage; GRC platform: Consolidate data → Risk scenarios: Assess; GRC platform: Consolidate data → Audits & reports: Review.

Technologies

  • Python / scikit-learn / TensorFlow
  • AWS / MongoDB / React
  • Camunda BPM / Apache NiFi / Tableau
03

Results

The partner documentation puts the reduction in compliance-related manual work at 60 %. The measurement period and the baseline are not stated. The figure is therefore treated as a project-specific partner statement and is not used as a general performance promise.

  • 60 % less compliance-related manual work
  • Shared view of policies and risks
  • Scenario-based risk assessment

Project profile

  • CustomerNot named
  • PartnerInnowise
  • IndustryBanking

Technologies

  • Python / scikit-learn / TensorFlow
  • AWS / MongoDB / React
  • Camunda BPM / Apache NiFi / Tableau

Further reading