JOIN US In a bid to digitise its governance, risk and compliance framework, Bajaj Finance, the retail lending arm of Bajaj Finserv, on Saturday announced that it has partnered with MetricStream, a governance, risk and compliance (GRC) and quality management apps and solutions company, to strengthen its ongoing GRC framework.
The non-banking financial company has gone live with MetricStream’s Internal Audit Management and ORM Apps this month.
These digital solutions will not only enable Bajaj Finance to measure and manage risk in a scheduled manner, but also provide centralised governance through the organisation’s ORM team including loss data capturing across the organisation, claims the company.
“As one of India’s fastest growing and most diversified NBFCs, we have been straddling multiple business lines. This makes it imperative for us to leverage GRC solutions that will further strengthen our business objective of combining sustainable profitability with controllership,” Rakesh Bhatt, Chief Operations Officer, Bajaj Finance said.
“We are hopeful that MetricStream’s Internal Audit Management and ORM Apps will improve usability of prepackaged customer reports as well as increase our overall ability to measure and manage risks,” added Bhatt.