In recent years, the banking industry has experienced substantial transformations and advancements, emerging as a more inclusive, streamlined, customer-focused, and transparent industry.

Indian banks, despite facing operational, regulatory, reputational, competitive, and technological risks, have effectively managed global macroeconomic fluctuations and interest rate volatility challenges.

The industry's outlook appears promising, driven by the introduction of non-traditional players, the ongoing digital revolution, and government initiatives aimed at bolstering financial inclusion and digital payments, among other contributing factors.

RBI Master Directions on fraud risk management

The Board of Directors’ overall roles and responsibilities in fraud risk management, enhance internal control frameworks, and ensure compliance with principles of natural justice.

Risk barometer survey for fintech lending

The survey, in collaboration with Fintech Association for Consumer Empowerment (FACE), will assess the risk perception of various stakeholders, including customers in digital lending.

The Grant Thornton Bharat advantage

  • Industry understanding
  • Collaborative approach
  • Customer centricity
  • Industry understanding
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    Our team has extensive experience in the banking industry, offering profound insights into the market dynamics and product and operational intricacies.
  • Collaborative approach
    Collaborative approach
    Our experts consistently engage with regulatory bodies, actively contributing to discussions and workshops on regulatory and compliance matters.
  • Customer centricity
    Customer centricity
    We are dedicated to delivering customised services and solutions that seamlessly align with the unique requirements of our clients throughout their business journey.

BFSI & Fintech

Road ahead in the digital era

ECL AssessPro

ECL Model Maturity Assessment Tool from Grant Thornton Bharat

India's Best Financiers

With 43% of retail credit demand coming from 18-30 year age group, lenders need to set new benchmarks to cater to the needs of this cohort.

Our solutions

  • Our solutions

    Regulatory compliance

    Leveraging our expertise and strong ties with regulatory bodies, we assist organisations in enhancing their compliance culture. Our comprehensive compliance solutions include risk assessment, programme implementation, and activity monitoring.

  • Our solutions

    Risk management

    Specialising in various models (specialised reviews, managed services, and retainership), we offer quantitative, qualitative, and governance solutions for internal control and financial controls.

  • Our solutions

    Governance services

    Our offerings cover a wide range of comprehensive governance solutions, including internal audits, process reviews, ICOFR/IFC development and assessments, SOX audits, SOP development, and specialised risk management reviews focusing on ERM and model validation.

  • Our solutions

    Transformation & growth

    Facilitating banks in their transformation and growth journey through digital advancements, we enhance overall customer experience. Our solutions cover onboarding, digital lending, core banking, neo banking, fintech integrations, and credit monitoring solutions.

  • Our solutions

    Regtech implementation

    Utilising advanced Regtech solutions like Axiom, Workiva, and OFSAA for large banking clients globally. Our system ensures seamless regulatory and legal entity reporting, covering FTP, liquidity, and compliance with IFRS (9, 16, 17, etc.).

  • Our solutions

    Fraud analytics

    Conducting advanced analytics on high-risk areas susceptible to fraud using over 100+ industry-specific fraud indicators. We deploy enhanced investigation procedures in response to triggers identified during the analytics process.

  • Our solutions

    Delinquency review

    We assist organisations in identifying whether heightened delinquency in a product portfolio stems from business reasons or fraud-related elements.

An Australian mutual bank

Problem Statement
The client needed assistance in creating an ECL model based on their internal data while keeping their current system intact.
Our solution
We developed an AASB 9 (IFRS 9) compliant ECL model tailored to the client's needs, drawing on our extensive expertise in ECL risk parameters. We also aided the client in addressing auditor inquiries regarding the ECL model and supported them in preparing ECL disclosures.
Impact
Our approach ensured the model was constructed within the existing system's capabilities while adhering to local regulations and financial reporting standards. We utilised in-house tools to work with data extracted from the client's systems to build PD, LGD, and EAD models, including forward-looking overlays.

A leading bank headquartered in the UAE

Challenge
The client sought to assess and enhance their information security governance framework, conduct a bank-wide risk assessment for information security, and increase awareness across the organisation.
Our solution
We deployed two teams to address these requirements. One team refined the existing information security governance framework and documentation to align with ISO 27001, NIST, and UAE IA standards, as well as industry best practices. Simultaneously, the other team meticulously planned and executed a risk assessment program across 435 business units. This program achieved a 75% success rate, identifying numerous risk findings and themes and recommending mitigation strategies.
Impact
Our comprehensive review of the information security framework bolstered the bank's security posture. The risk assessment program not only raised awareness but also identified key risk themes, facilitating remediation plans in collaboration with each business unit. Detailed delivery reports were provided to the client.

Events

26 Jul Past Event