Key achievements with Cambridge & Counties Bank
Saves effort on manual data entry
Helps give clarity of risk position
Increased engagement in risk
Summary of the partnership
The challenge
Since Cambridge & Counties Bank (CCB) stopped using spreadsheets to manage risk in favour of RiskSmart, the specialised bank has seen an array of benefits. From saving time and effort on manual data entry to being able to better determine the effectiveness of controls, their Operational Risk Officer, Arran Lake, talks more about how the CCB risk, compliance and leadership teams benefit from the risk management system.
Our solution
By training and onboarding the CCB risk and compliance teams onto the RiskSmart platform, it has made their GRC function a completely spreadsheet-free environment. It’s been able to reduce the time and effort needed to log risks and events across the business, meaning a more complete and detailed view of their risk profile, as well as more engagement for people across their business.
“We wanted a system that would allow us to link between risks, events and controls in place so that we could properly understand our risks and increase our risk maturity level. We found that RiskSmart fit the bill perfectly.”
