November 21st, 2024
Meezan Bank, Pakistan’s first and largest Islamic bank, in collaboration with BenchMatrix, has successfully launched the RiskNucleus® GRC Platform for Enterprise Technology Governance & Risk Management (ETGRM). This advanced solution enhances Meezan Bank’s adherence to the State Bank of Pakistan’s regulatory guidelines, reinforcing its technology governance and risk management framework to achieve optimal compliance standards.
The RiskNucleus® GRC ETGRM platform automates key functions such as regulatory monitoring, technology risk assessment, IT/security incident management, findings management, control testing, and action planning, supporting operational efficiency and regulatory compliance.
This launch reinforces BenchMatrix’s commitment to providing innovative solutions that address the evolving risk and compliance requirements of financial institutions.
Comments from Mr. Ali Imran, DCIO of Meezan Bank
“We are pleased to implement the BenchMatrix’s Solution. A key step in advancing our technology governance and compliance with the State Bank of Pakistan’s standards. This collaboration with BenchMatrix enhances our capabilities in managing risk efficiently and securely, reinforcing our commitment to operational excellence.”
Comments from Mr. Taimur Kaleem, CEO of BenchMatrix
“We are proud to partner with Meezan Bank on the successful implementation, aligning with State Bank of Pakistan standards. This solution enhances Meezan Bank’s governance and risk management capabilities, underscoring our commitment to providing effective, regulatory-compliant solutions.”
About BenchMatrix
BenchMatrix is a global leader in providing advisory services and automated technology solutions for Governance, Risk & Compliance (GRC), Anti-Money Laundering (AML), Loan Origination, and Digital Banking, among other areas. Our extensive full-cycle implementation experience spans multiple regions, making us a trusted partner to financial institutions worldwide.
We are committed to empowering banks and financial institutions by delivering seamless, efficient, and practical solutions tailored to their needs. As your technology partner, we develop, implement, and maintain critical systems that enhance your operations.
Our team boasts extensive full-cycle transformation projects with multinational organizations, including successful implementations in Saudi Arabia, Bahrain, Qatar, UAE, Kuwait, France, Canada, and Pakistan.