Meezan Bank, Pakistan’s first and largest Islamic bank, in collaboration with BenchMatrix, has successfully launched the RiskNucleus® GRC Platform for Enterprise Technology Governance & Risk Management (ETGRM). This advanced solution enhances Meezan Bank’s adherence to the State Bank of Pakistan’s regulatory guidelines, reinforcing its technology governance and risk management framework to achieve optimal compliance standards.
The RiskNucleus® GRC ETGRM platform automates key functions such as regulatory monitoring, technology risk assessment, IT/security incident management, findings management, control testing, and action planning, supporting operational efficiency and regulatory compliance.
This launch reinforces BenchMatrix’s commitment to providing innovative solutions that address the evolving risk and compliance requirements of financial institutions.
About Meezan Bank:
Meezan Bank is leading Islamic bank of Pakistan and also one of the largest banks nationwide in terms of branch network as well as deposits. With a network of over 1,000 branches in more than 330 cities, it has the largest Islamic banking network in Pakistan.
Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions including its recognition as the ‘Best Bank’ by Pakistan Banking Awards – the most prestigious award in the country’s financial sector for the third time in 2023 and by Islamic Finance News – Malaysia, Global Finance magazine – New York, Asset AAA – Hong Kong, Asiamoney – Hong Kong, The Banker – United Kingdom, South Asian Federation of Accountants, Islamic Finance Forum of South Asian Awards, – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association – Pakistan.
The VIS Credit Rating Company Limited (formerly JCR-VIS Credit Rating Company) has reaffirmed the Bank’s entity rating to the highest possible level of ‘AAA’. The AAA rating denotes the highest possible credit quality, with negligible risk factors, being only slightly more than for risk-free debt of the Government of Pakistan.
For more details: https://www.meezanbank.com/
About BenchMatrix
BenchMatrix is a global leader in providing advisory services and automated technology solutions for Governance, Risk & Compliance (GRC), Anti-Money Laundering (AML), Loan Origination, and Digital Banking, among other areas. Our extensive full-cycle implementation experience spans multiple regions, making us a trusted partner to financial institutions worldwide.
We are committed to empowering banks and financial institutions by delivering seamless, efficient, and practical solutions tailored to their needs. As your technology partner, we develop, implement, and maintain critical systems that enhance your operations.
Our team boasts extensive full-cycle transformation projects with multinational organizations, including successful implementations in Saudi Arabia, Bahrain, Qatar, UAE, Kuwait, France, Canada, and Pakistan.
