Credit Union News

The Latest Industry News Coverage

Report: Governance, Risk & Compliance Trends to Watch in 2024

ViClarity’s annual governance, risk and compliance (GRC) trends report is designed to help financial organizations and their risk and compliance leaders focus on the key trends impacting the industry as we progress into 2024. Our team of GRC technology experts reviewed the market and spoke with some key stakeholders to uncover topics that are front and center.

In this report we explore:

  • Regulator Focus on Third-Party Risks & Consumer Financial Protection — The need for rigorous vendor due diligence processes and automation
  • Testing Plans for Continuously Changing Cybersecurity Threats — Why policy development is not enough
  • The Use of AI in GRC — Exploring use cases for automation of regulatory compliance tasks and risk assessments
  • The Pursuit of a Single Source of Truth — Moving toward one central location for all risk, compliance and reporting data

Explore the Challenges & Opportunities Facing Financial Institutions

We hope you find this to be a helpful guide to the year ahead. If you have perspectives to share or questions to ask about the topics presented here, please reach out. At ViClarity, we welcome thoughtful discussions with industry peers, partners and clients.

Download the report.

Article originally appeared on the ViClarity.com on January 29, 2024. ViClarity is a company of the California and Nevada Credit Union Leagues.

Related News

News Posts

Become an Industry Supporter

Get membership information

Please contact me about compliance

Contact me about Credit Union Solutions

Education & Professional Development