Bank of Tanzania: Value Achieved in Enterprise GRC

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The Governance, Risk Management, and Compliance architecture is about the interactions and relationships of cause and effect across various platforms supporting the business. As a result, this fails when risk issues are addressed as a system of parts rather than a collective whole. A complete situational and holistic awareness of GRC is required across all operations, processes, relationships, systems, transactions, and data in order to see the bigger picture of risk and its cascading impact on organization performance and strategy.

GRC 20/20 has evaluated and verified the implementation of MetricStream at the Bank of Tanzania and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized MetricStream and the Bank of Tanzania with a 2016 GRC Value Award in the domain of Enterprise GRC.

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Description

Bank of Tanzania

Value Achieved in Enterprise GRC

The Governance, Risk Management, and Compliance architecture is about the interactions and relationships of cause and effect across various platforms supporting the business. As a result, this fails when risk issues are addressed as a system of parts rather than a collective whole. A complete situational and holistic awareness of GRC is required across all operations, processes, relationships, systems, transactions, and data in order to see the bigger picture of risk and its cascading impact on organization performance and strategy.

GRC 20/20 has evaluated and verified the implementation of MetricStream at the Bank of Tanzania and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized MetricStream and the Bank of Tanzania with a 2016 GRC Value Award in the domain of Enterprise GRC.

  1. Financial Services: A Conundrum of GRC Challenges
    1. Inevitable Failure: Misunderstanding the Scope of GRC
  2. Bank of Tanzania: Value Achieved in Enterprise GRC
    • The Challenge Bank of Tanzania Faced
    • Solution to the Bank of Tanzania’s Problem
    • Bank of Tanzania Achieved Value in GRC Efficiency, Effectiveness, and Agility
      • GRC Efficiency Value
      • GRC Effectiveness Value
      • GRC Agility Value
  3. GRC 20/20’s Final Perspective
  4. About GRC 20/20 Research, LLC
  5. Research Methodology

rasmussenMichael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.


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