The New Era of Risk: Why GRC Is a Strategic Imperative
In today’s rapidly evolving financial landscape, governance, risk, and compliance (GRC) is no longer a back-office function. It is a strategic imperative.
As cyber threats grow more sophisticated and regulatory expectations intensify, banks must adopt a proactive, integrated approach to risk management. In fact, only 38% of financial institutions feel “very confident” in their ability to maintain compliance while ensuring a strong risk management framework.
This confidence gap highlights the urgent need for modern GRC strategies that go beyond check-the-box compliance.
So, What’s Driving the Shift?
As the risk landscape evolves, banks are rethinking their approach to GRC. Four key trends are accelerating this transformation, including:
Integrated risk management: Banks are moving away from siloed risk practices and shifting toward integrated frameworks that align with enterprise goals. This shift enables better visibility, faster response times, and more informed decision-making.
Increased regulatory scrutiny: With evolving FFIEC directives and heightened expectations around data privacy and cybersecurity, you must demonstrate not just compliance – but resilience. Regulators are looking for evidence of continuous monitoring, documented controls, and board-level engagement.
Cybersecurity as a core GRC component: Cyber risk is now a boardroom issue, with current regulatory guidance requiring that all boards of directors be properly informed of the state of information security at their bank. As threats become more complex, banks are embedding cybersecurity into their GRC programs to ensure a holistic view of risk.
Technology-driven efficiency: Automation and digital platforms are streamlining GRC processes, reducing manual effort, and improving accuracy. Banks leveraging GRC technology experience greater agility and reduced audit fatigue.
How Jack Henry™ Can Help
Jack Henry’s GRC solutions are designed to help you navigate this new era of risk with confidence, meet you where you are, and take you where you need to go.
Jack Henry™ GRC solutions are designed to:
Empower proactive risk management by integrating GRC into a unified strategy.
Simplify regulatory compliance through automated tracking, centralized documentation, and expert guidance.
Strengthen cybersecurity posture with embedded controls and board-level visibility.
Enhance operational efficiency by reducing manual effort and streamlining audits.
Align risk strategies with business objectives to support long-term growth and resilience.
Here’s how we support your success:
Certified expertise: Access to a team of dedicated cybersecurity and IT regulatory compliance professionals (both onsite and remote) who understand your unique challenges and can help you navigate risks and ever-changing FFIEC directives regarding the security of non-public information.
Scalable support: From outsourced ISO services to policy development and risk assessments, we offer flexible solutions tailored to your needs. Gain expertise, ease, and efficiency with a robust platform built to reduce guesswork and improve efficiency.
Technology integration: Our robust GRC platform simplifies compliance tracking, automates reporting, and centralizes documentation – reducing guesswork and streamlining processes.
Strategic alignment: To be successful in your GRC strategy, you must establish a framework that aligns your controls based on your risk appetite, asset size, and complexity of your environment. We help you align your GRC strategy with business objectives, ensuring that compliance efforts support long-term growth and resilience.
As GRC continues to evolve, one thing is clear: banks that embrace integrated, tech-enabled, and expert-supported approaches are better positioned to manage risk, meet regulatory demands, and build trust with stakeholders.
The future of GRC is here. Are you ready?
Speak with a Jack Henry GRC professional today to stay ahead of evolving risks and regulations with confidence.
Viviana Campanaro, TCISSP, Security, and GRC Solutions Specialist, Information Security, and Technology at Jack Henry™