GRC software provider LogicGate has introduced a comprehensive banking solution to help financial institutions manage regulatory compliance and cybersecurity risks. The new offering bundles six solutions within LogicGate’s Risk Cloud platform.
The suite includes tools for regulatory compliance, enterprise risk management, controls compliance, incident management, policy management and third-party risk management. It aims to help banks navigate requirements from regulators including the OCC, SEC and CFPB while managing cyber threats and data privacy, LogicGate said in a news release.
“Few industries are as regulated and scrutinized as the financial sector,” said Matt Kunkel, CEO of LogicGate. “Instead of taking a disjointed, point solution-based approach to managing extensive risk responsibilities and requirements, we curated a comprehensive solution empowering financial institutions to take a more holistic approach.”
