Mphasis has partnered with Mindcrest to launch its next generation Governance, Risk and Compliance (GRC) service.
Mphasis? next generation GRC services embed Mindcrest?s legal support service capabilities into their existing GRC framework. This enhanced offering provides comprehensive solutions that encompass domain and process expertise and technology enablement.
Mphasis? next generation GRC services cover a gamut of solutions under the GRC umbrella including remediation, document review, consent order fulfillment, and corporate compliance research, amongst others. The remediation engine comprised of people, process and technology cuts across legal, KYC (know your customer) and & mis-sell remediation and is one of the key solutions in this portfolio of services. These services fulfill the need of the financial services industry for a GRC framework to implement controls and comply with changing regulations.
?With far-reaching scope and cost pressures around compliance demands, a move toward converged, end-to-end services, from software and compliance process support, regulatory content and legal services could serve as a viable route to better optimise compliance functions and manage escalating costs,? said Cubillas Ding, research director global finance and risk, Celent.
?Most GRC services and solutions offered are skewed towards technology. Technology can only be an enabler. With Mphasis, we are meeting the demands of the industry to provide domain specialized services. Our strong focus on the legal domain as a key component of the GRC offering differentiates us from other providers,? said Shantala Sadananda, president of Mindcrest.
