GRC Consulting services by Finonyx adopts a systematic and strategic approach towards ensuring regulatory compliance and eliminating financial fraud. Our expertise around the Analytical Applications and Crime and Compliance solutions form Oracle Financial Services provides banks the necessary head start in their risk and compliance initiatives.
Banking Industry has witnessed significant change ever since the financial crisis of 2008; This change was primarily driven by the change in the technology landscape and the regulatory environment. National and regional regulators have stepped in to bring in tighter control mechanisms to reduce risk exposure of the banks and counter financial fraud. Best of banks across the globe no longer view risk and compliance functions as mandatory activity to meet regulations; instead it is today viewed as strategic function to ensure competitive advantage.
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