Challenges

IBM’s GRC Management solution was introduced to strengthen NBE’s governance structure and compliance posture.

However, aligning the bank’s existing risk management practices and regulatory obligations with the new digital framework demanded substantial effort and coordination.

Risk Management Integration: Integrating risk management processes into the GRC framework required careful alignment of assessment, monitoring, and mitigation activities to ensure consistency across all departments.

Regulatory Compliance: Keeping pace with evolving local and international regulatory requirements was challenging. The bank needed a system that could adapt to new compliance standards while maintaining operational efficiency.

Change Management: Implementing a new governance framework required a well-structured change management strategy to guide employees and ensure smooth adoption across all departments.

solution brief

The GRC solution provided a centralized platform for identifying, assessing, and mitigating risks across the organization.

This integration helped in aligning risk management processes with the bank’s strategic objectives.

Regulatory Compliance:

The system was configured to support compliance with local and international regulations. It included

features for monitoring regulatory changes and updating policies

and procedures accordingly.

Comprehensive Reporting:

Enhanced reporting capabilities enabled the bank to generate detailed reports on risk and compliance status, facilitating informed decision- making and ensuring transparency.

Change Management:

A structured change management process was implemented to support the transition to the new GRC framework

Project info

Project Team:

・Delivery Executive
・Senior Data Scientist
・Safer Payments Senior Consultant
・Safer Payments Consultant
Customer:

National Bank Of Egypt
industry:

BANKING
Country:

EGYPT
Technologies:

・Open Pages