GRC frameworks are becoming more modular: Jaya Vaidhyanathan, CEO, BCT Digital - Express Computer

GRC traditionally used to be siloed, and the technology underpinning it, monolithic. How is the nature of varied risks encountered by organizations and financial institutions shifting in the changed circumstances? Post the global financial crisis of 2008, risk management as a function has evolved in shape and form, becoming a business imperative. Fast forward to 2021, and our world is going through a series of dramatic changes, as the ripple effect of unprecedented and potentially catastrophic events, like the COVID-19 pandemic. As a consequence, the global landscape of Governance, Risk, and Compliance (GRC) is becoming increasingly complex.