RISKGRID has launched a cloud-based ‘as a Service’ Risk Assessment platform to automate risk assessments for financial services firms.The platform is delivered ‘as a service’ and offers flexible subscription options, RISKGRID said in a statement. RISKGRID follows risk management best practices according to industry-standard ISO 31000 guidelines that cover Scope, Context & Criteria, Risk Assessment, Risk Treatment, Monitor & Review and Communication & Consultation features, the company said.RISKGRID’s managed service is a cloud-based risk assessment solution that enables businesses of all kinds to automate and standardize their cross-enterprise risk assessment practices, the company said. The platform presents comprehensive risk assessment management and monitoring in a single, near-real-time view to help organizations move away from what has traditionally been a manual and largely spreadsheet-driven risk assessment process.Pricing starts at £10 per month for a single user and management of three grids. For £100 per month, organizations can manage up to 10 grids. Enterprise pricing is available on request and enables management of up to 50 grids and can include corporate branding.
RISKGRID Launches as-a-Service Platform for Financial Services
Commenting on the launch, RISKGRID founder and CEO Steven Marshall said:“Despite ever-evolving financial services regulation around operational and financial risk, most risk assessments carried out within firms generate no intrinsic value to a business. A lack of process standardisation and cross-enterprise transparency makes it hard for companies to proactively identify - and efficiently respond to - trends and insights garnered through traditional, backward-looking, manual risk assessment activities."
