GRC in the News with Michael Rasmussen
Fireside Chat with ING on GRC Orchestrate
20TH MAY - 16:30-18:00 BST
Panel Discussion with ING & Special Guests
In our first edition of The GRC Red Flag Series, Michael Rasmussen is joined by Mukund Umalkar, Head of RegTech Partnerships of ING to discuss the future of GRC technology and their GRC Orchestrate Project in addition to all the latest news across governance, risk and compliance.Michael will sit down with Mukund from ING to discuss one of the most fascinating projects he has ever interacted with, the GRC Orchestrate project is defining the next-generation of GRC architectures to integrate best of breed solutions to deliver the greatest value.I have a dream. It is futuristic, but realistic. It involves a Star Trek chair and a bank of monitors. It would involve tracking the global flow of funds in close to real time, in much the same way as happens with global weather systems and global internet traffic. Its centerpiece would be a global map of financial flows, charting spill overs and correlations.Andy Haldane, Bank of England Chief Economist
Take this quote from Andy Haldane of the Bank of England and replace ‘flow of funds’ with ‘risk and compliance’ and you have the exact concept of what ING Labs is architecting with their GRC Orchestrate Project led by Ian Hollowbread and Mukund Umalkar.
Orchestrate is intended to operate as a new entity, offering the market a RegTech platform similar to an ‘App Store’ to both find and consume pre-validated RegTech solutions; in addition providing a technology framework for these solutions to connect seamlessly across each other and alongside existing legacy architecture. Orchestrate aims to remove unnecessary complexity in a world of constant change, support digital transformation and help deliver ‘end-to-end’ enterprise compliance.
Their key design principles of Orchestrate are:
- Customers – open and accessible, client centric design principals
- Culture – user experience first, agile and change resistant
- Connection – modular thinking, simple and homogenous, ecosystem agnosticRegister your place today to further your understanding of the GRC Orchestrate Project and keep up to date with the latest news, information, guidance and advice across governance, risk and compliance.Available to view live or on-demand, with all registrants gaining access to the on-demand recordings to view at a time that fits your schedule.