BarnOwl Software for the Banking and Financial Services Industry

The challenge

Banking and Financial Services organisations face an increasingly complex and challenging business environment. Faced with a volatile risk environment, the majority of banks and other financial institutions have been driven by their regulators to re-organise and re-prioritise their organisation’s approach to Risk Management and software in general.

Typical risks facing banks and the financial sector include:

Executives recognise the importance of continuous risk management and monitoring exposures, but few are able to monitor key risks continuously in their companies. From small community banks to large multinational financial institutions, too many resources are taken up by manual compliance activities. As the number of regulations increase and change, so do the risk assessments required as part of your Risk Management and Compliance process.

The solution:

A flexible risk management framework is critical for meeting the needs of a complex and dynamic industry such as the financial services industry. Financial service organisations need an effective way of prioritising and managing risk across the organisation, as well as complying with local and cross-border legislation, standards and mandates. Proactive risk management also involves the documenting and managing of incidents / near misses. In addition, the identification and ongoing monitoring of risk mitigation plans is critical to effective risk management.

An organisation’s risk and opportunities, strategy, business model, performance and sustainable development are all inseparable elements of the value creation process. (King IV™ Principle 4)

How BarnOwl facilitates the solution:

BarnOwl GRC software streamlines your GRC processes, integrates risk, compliance and assurance information on a centralised platform, standardises risk and control taxonomies and offers the flexibility and scalability required for your changing business environment. BarnOwl Risk Management Software:

The Benefits of using BarnOwl

The benefits of using BarnOwl’s Risk Management Software include:

Links to References, Case Studies and Resources

BarnOwl is a fully integrated governance, risk management, compliance and audit software solution used by over 200 organisations in Africa, Europe and the UK.

Some of our banking and financial services clients include Mercantile Bank, African Bank, Bank of Namibia, OTP Bank Hungary, ZB Bank, National Building Society Zimbabwe.



“You cannot help but feel like you have real friends in the BarnOwl team” – Ingrid Ravenscroft, Head of Internal Audit

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For every industry, no matter the size of the business, BarnOwl is the ultimate GRC and the audit software solution to assist you in the achievement of your strategic goals with a high degree of confidence.

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