Bajaj Finance partners with MetricStream to digitize its Governance, Risk and Compliance Framework - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Thursday, October 06, 2016

Bajaj Finance partners with MetricStream to digitize its Governance, Risk and Compliance Framework

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

Nagaraj Perumal
Ketchum Sampark
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Bajaj Finance partners with MetricStream to digitize its Governance, Risk and Compliance Framework Reviewed by S. Chitra on October 06, 2016 Rating: 5 Bajaj Finance partners with MetricStream to digitize its Governance, Risk and Compliance Framework ·          Partners with MetricStrea...

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