Challenge

A leading nationalized bank with more than 1450 branches across India wanted integrated risk management tool as per mandate from the Reserve Bank of India, to ensure security of all transactions taking place on the bank’s platform.

Solution

The IRMS was implemented to facilitate continual improvement of the processes and practices in the Bank.

Result

It enhanced the bank’s systems to enable management of risks in an integrated, efficient and effective manner. There is improved transparency and informed decision making by putting in place a complete risk-based decision-making system.