Comprehensive, Timely and Assured GRC for a Digitally Evolving Financial World.
Why GRC in BFSI
- Fragmented Compliance
BFSI organizations face overlapping regulations—RBI, SEBI, IRDAI, GDPR—each with its own timelines and formats. Managing these through disconnected tools often leads to missed deadlines and inconsistent reporting. - Cybersecurity Risks
With digital banking, real-time payments, and cloud adoption, cyber threats like phishing and ransomware are rising. Tracking security controls and response protocols across systems is a growing challenge. - Operational Risk
Compliance lapses can trigger regulatory action, including fines, audits, or suspension of licenses. This disrupts day-to-day operations and may halt critical services like lending, onboarding, or digital transactions. - Reputational Risk
In the BFSI sector, a data breach or regulatory failure can severely damage public trust. Customers may withdraw accounts or investments, impacting revenue, brand credibility, and future growth.
A GRC platform brings structure across these areas—centralizing efforts, reducing risk, and enabling consistent, proactive compliance.
175%
India’s BFSI sector witnessed a 175% surge in phishing attacks in the first half of 2024 compared to the same period in 2023.
10%
Increased Breach Costs: The average cost of a data breach in the financial sector globally reached $6.08 million in 2024, a 10% increase year-over-year.
65%
Ransomware on the Rise: Ransomware attacks on the financial sector saw a 65% jump in 2024 compared to 2021, indicating a persistent and growing threat.
Sigmify GRC for BFSI
Sigmify GRC offers financial institutions a comprehensive, timely and assured approach to Governance, Risk, and Compliance, empowering them to stay audit-ready, ensure strict policy adherence, and efficiently monitor enterprise risk across all functions. Our solution is designed to eliminate compliance chaos through features like automated task queues, real-time dashboards, and always-updated control libraries that are mapped to the latest industry standards. By streamlining workflows, automating processes, and providing real-time insights, Sigmify helps your teams save time and reduce manual effort, allowing them to focus on building and maintaining trust, integrity, and resilience. With Sigmify GRC, financial institutions can stay ahead of ever-changing regulatory requirements, mitigate risk proactively, and turn compliance into a strategic advantage rather than a burden.
Key Features for BFSI
End-to-End Compliance Management
Get a head start with a comprehensive library of financial services regulations like SOX, GDPR, PCI-DSS, and more. Customize and extend with your own operational controls to ensure you remain audit-ready and meet ever-evolving regulatory demands.
Risk Management Tailored for Financial Security and Data Protection
Identify, assess, and mitigate risks that directly impact your financial operations, data confidentiality, and regulatory compliance. Utilize intuitive dashboards and guided workflows to manage these risks effectively across all functions.
Seamless Incident and Ticket Management
Capture, track, and resolve incidents across your organization efficiently — from cybersecurity threats to operational disruptions — helping financial institutions respond quickly, reduce downtime, and minimize potential financial loss.
Automated Audit Readiness
Stay prepared for audits and inspections with real-time evidence collection, multiple audit sampling options, and clear interaction logs. This reduces manual overhead, simplifies audit preparation, and helps you avoid audit fatigue.
Strategic, Managerial, and Operational Dashboards
Gain full visibility into your compliance, risk, and audit status through powerful, role-based dashboards. These dashboards provide leadership and operational teams with actionable insights, enabling informed, data-driven decisions at every level.
Workflow Automation for Task and Evidence Management
Automatically assign, track, and complete compliance tasks across teams. Built-in reminders, escalations, and collaboration tools ensure that all obligations are met on time, minimizing compliance risks.
Comprehensive Control Libraries
Access continuously updated standards, checklists, and control libraries specifically designed for the BFSI sector. This ensures your organization stays aligned with industry regulations and avoids potential compliance blind spots.
Assurance with Real-Time Status Tracking
Monitor your risk and compliance health in real-time using scorecards and dashboards, ensuring that vulnerabilities and gaps are identified and addressed promptly before they can escalate into major issues.
Pricing
Package 1
$99/month
- feature 1
- feature 2
- feature 3
- feature 4
- feature 5
Package 1
$99/month
- feature 1
- feature 2
- feature 3
- feature 4
- feature 5
Package 1
$99/month
- feature 1
- feature 2
- feature 3
- feature 4
- feature 5
