Case Study: How a Global Bank Achieved 40% Faster Risk Reporting Through Intelligent Automation
When a top-tier global bank with operations spanning 65 countries found itself struggling to meet increasingly stringent regulatory reporting deadlines while managing over $2 trillion in assets, leadership recognized that incremental improvements to existing processes would no longer suffice. The institution faced mounting pressure from regulators following several instances of delayed submissions for stress testing results and capital adequacy calculations, while the cost of compliance had increased 23% over three years despite no growth in risk-weighted assets. The board demanded a fundamental transformation in how the bank identified, assessed, and reported on enterprise risk. This case study examines how the institution implemented Intelligent Automation for Risk Oversight across its enterprise risk management, governance, risk, and compliance (GRC) functions over an 18-month period. The transformation touched every aspect of risk operations, from operational risk assessment and r...