Bajaj Finance partners with MetricStream to
digitize its Governance, Risk and Compliance Framework
· Partners
with MetricStream to strengthen its ongoing GRC framework
· Goes
live with MetricStream’s Internal Audit Management and Operational Risk
Management Apps
· The
apps to help Bajaj Finance Limited to measure and manage risk in a scheduled
manner
Bajaj Finance Limited, the diversified retail lending arm of
Bajaj Finserv, today announced that it has partnered with MetricStream, the
industry leader in Governance, Risk and Compliance (GRC) and Quality Management
apps and solutions, to strengthen its ongoing GRC framework.
The non-banking financial company has gone live with
MetricStream’sInternal Audit Management and ORM Appsthis month.These digital
solutions will not only enable BajajFinance Limited to measure and manage risk
in a scheduled manner, but also provide centralized governance through the
organization’s ORM team includingloss data capturing across the organization.
MetricStream’s solution will also support the Audit team to
manage audit planning, execution and issue tracking as a third line of defense.
Speaking about the partnership, Rakesh Bhatt, Chief
Operations Officer, Bajaj Finance Limited,said,“As one of India’s
fastest growing and most diversified NBFCs, we have been straddling multiple
business lines.This makes it imperative for us to leverageGRC solutions that
will further strengthen our business objective of combining sustainable
profitability with controllership. We are hopeful that MetricStream’s Internal
Audit Management and ORM Apps will improve usability of prepackaged customer
reports as well as increaseour overall ability to measure and manage risks.”
With the adoption of MetricStream’s solutions, Bajaj Finance
Limited has been moved to an MS Cloud hosted solution, enhancing Loss Event
Data Upload (LSM) functionality, creating uniformity across the Audit and ORM
Apps and extending training to over 150 personnel.
“As organizations become more complex, they are exposed to a
variety of threats and vulnerabilities that can have a direct impact on growth
and business performance,”saidShankar
Bhaskaran, General Manager of International Operations at MetricStream. He
continued, “Our Internal Audit Management and ORM AppsassistBajaj
Finservstreamline internal audit and ORM processesin order to create synergy
acrossits enterprise governance, risk and compliance functions.”
For media Contact
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Ketchum Sampark
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