NBP Partners with BenchMatrix to Strengthen Governance, Risk, and Compliance Framework

NBP Partners with BenchMatrix to Strengthen Governance, Risk, and Compliance Framework

The National Bank of Pakistan (NBP) has announced a strategic partnership with BenchMatrix to implement the Risk Nucleus Governance, Risk, and Compliance (GRC) System. This collaboration marks a significant milestone in NBP’s ongoing digital transformation journey, aimed at enhancing operational efficiency, ensuring regulatory compliance, and reinforcing robust risk management practices.

The integration of BenchMatrix’s Risk Nucleus GRC System underscores NBP’s commitment to leveraging advanced technology to optimize banking operations and strengthen its compliance framework. The system is designed to create a resilient, streamlined risk management ecosystem, enabling NBP to proactively address operational risks and adapt to the dynamic regulatory landscape.

Haroon Zamir Khan, Chief Risk Officer of the Risk Management Group at NBP, highlighted the importance of this initiative: 

“As part of our commitment to strengthening risk management, we are pleased to collaborate with BenchMatrix to enhance our Governance, Risk, and Compliance framework through the Risk Nucleus platform. This collaboration will bolster our capabilities, enabling us to manage operational risks more effectively while ensuring robust governance and compliance across all operations. We look forward to the positive impact this partnership will bring.”

Echoing this sentiment, Muhammad Abdul Moeed, Group Head of Compliance Group at NBP, stated, 

“Implementing BenchMatrix’s Risk Nucleus GRC system marks a significant milestone in our compliance transformation journey. This partnership underscores NBP’s proactive approach in staying ahead of the evolving regulatory landscape and driving operational efficiencies.”

Taimur Kaleem, CEO of BenchMatrix, expressed his enthusiasm about the collaboration: 

“We are delighted to collaborate with NBP in implementing the Risk Nucleus GRC system. This initiative highlights our commitment to providing innovative solutions that strengthen risk management, enhance operational efficiency, and support informed decision-making in the financial sector.”

Through this partnership, NBP reaffirms its strategic vision of embracing technological advancements to enhance its governance, risk, and compliance practices. The implementation of the Risk Nucleus GRC System is expected to contribute to a more secure, efficient, and compliant banking environment, aligning with the bank’s long-term goals of operational excellence and regulatory resilience.

Post Comment