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The Banking Solution bundles six purpose-built solutions that enable institutions to effectively
comply with evolving regulatory landscapes, manage cybersecurity and protect consumer data
CHICAGO, Nov. 14, 2024 /PRNewswire/ -- LogicGate, the holistic GRC experts delivering leading solutions for cyber, governance, risk, and compliance leaders, today announced its new " Banking Solution," designed to provide financial institutions with an interconnected approach to managing threats and compliance changes with a holistic view of a company's risk exposure. Evolving regulatory requirements from state and federal agencies, third-party operational complexities, growing cyber security risk, and increasing data privacy protections have created wide-ranging challenges for banks to combat. The new LogicGate solution allows banks and financial institutions to centralize those concerns and limit surprises.
Available in Risk Cloud, LogicGate's industry-leading GRC platform, the Banking Solution empowers risk and compliance professionals to be more efficient and agile when mitigating risks by taking predictive steps to ensure regulatory compliance and incident resiliency. Curated specifically for financial institutions, LogicGate's Banking Solution takes the guesswork out of risk management by packaging the most critical information Chief Information Security Officers (CISOs), Chief Risk Officers (CROs), and Chief Compliance Officers (CCOs) need to successfully manage and mature their regulatory and risk management programs.
LogicGate's Banking Solution offers these core benefits:
"Few industries are as regulated and scrutinized as the financial sector, elevating the importance for banks and credit unions to have stringent risk and compliance standards that institutions and their vendor ecosystems uphold," said Matt Kunkel, Co-Founder and CEO of LogicGate. "Instead of taking a disjointed, point solution-based approach to managing extensive risk responsibilities and requirements, we curated a comprehensive solution empowering financial institutions to take a more holistic approach to managing the sea of evolving regulations. By prioritizing efficiency, automation, and increased effectiveness, companies are better positioned to protect their data – and their brand."
About LogicGate
LogicGate® is a global, market-leading SaaS company empowering customers to effectively manage and scale their cyber risk and control, third-party risk management, compliance controls, enterprise risk, and operational resilience programs. Recognized as one of four leading global GRC platforms, Risk Cloud® is built with usability in mind, including a no-code interface and graph-database management making the technology flexible, agile and scalable to support various levels of GRC maturity and bolster business outcomes. With an unwavering commitment to fostering business resilience in dynamic landscapes, LogicGate empowers customers to quantify risk, strengthen their security posture, and have visibility into information to create strategic advantages and support business objectives. Learn more about our solutions by visiting www.logicgate.com and/or join us on LinkedIn.
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SOURCE LogicGate