With the rising cost of living, growing inflation rates and threat of recession, combined with recruitment and retention challenges, many financial services firms are tackling a new tranche of macro-economic and geopolitical unsettlement.
By taking a more holistic view of the demands that they are being presented with and a smarter use of technology, GRC teams can not only reduce costs but also improve efficiency. This in turn provides opportunities for people with real expertise to focus on high value-added issues, such as staff development, retention, and risk mitigation.