GRC uptake increases, OpRisk survey finds

An Operational Risk & Regulation survey of the financial industry has found 62% of institutions now favouring governance, risk and compliance (GRC) software. The annual Compliance Software survey, conducted in April and May, found 37% of respondents saying that they already operated a GRC platform. Another 18% said they were in the process of implementing a GRC platform, and 7% more intended to buy a GRC platform in the next 12 months.

The figures represent a significant increase compared with 2