KARACHI: The National Bank of Pakistan (NBP) has joined forces with BenchMatrix to implement the Risk Nucleus Governance, Risk, and Compliance (GRC) System, marking a significant step in the bank’s digital transformation journey. This collaboration aims to enhance operational efficiency, ensure regulatory compliance, and reinforce adherence to compliance risk management and industry standards.
The adoption of BenchMatrix’s Risk Nucleus GRC System reflects NBP’s commitment to strengthening its compliance framework and leveraging technology-driven solutions to optimize banking operations. By integrating this advanced system, NBP is poised to build a more resilient and streamlined risk management ecosystem.
Haroon Zamir Khan, Chief Risk Officer, Risk Management Group at NBP, emphasized the bank’s dedication to reinforcing risk management practices. “As part of our commitment to strengthening risk management, we are pleased to collaborate with BenchMatrix to enhance our Governance, Risk, and Compliance framework through the Risk Nucleus platform. This collaboration will bolster our capabilities, enabling us to manage operational risks more effectively while ensuring robust governance and compliance across all operations. We look forward to the positive impact this partnership will bring.”
Muhammad Abdul Moeed, Group Head of Compliance Group at NBP, highlighted the bank’s focus on excellence in compliance and governance. “Implementing BenchMatrix’s Risk Nucleus GRC system marks a significant milestone in our compliance transformation journey. This partnership underscores NBP’s proactive approach in staying ahead of the evolving regulatory landscape and driving operational efficiencies.”
Expressing his enthusiasm about the partnership, Taimur Kaleem, CEO of BenchMatrix, stated, “We are delighted to collaborate with NBP in implementing the Risk Nucleus GRC system. This initiative highlights our commitment to providing innovative solutions that strengthen risk management, enhance operational efficiency, and support informed decision-making in the financial sector.”
With this partnership, NBP reaffirms its strategic vision of embracing technological advancements to enhance its governance, risk, and compliance practices, ensuring a more secure and efficient banking environment.
