RegScale and the Cyber Risk Institute (CRI) have joined forces to
revolutionize financial risk and compliance management.
By integrating
RegScale's AI-powered automation with CRI's standardized controls framework,
the collaboration is helping financial institutions stay ahead of evolving
regulations. It will eliminate inefficiencies, enhance cybersecurity, and
streamline compliance workflows-enabling teams to shift from reactive, manual
processes to a proactive, automated approach.
Financial
institutions using this solution are already experiencing significant positive
results:
- Audit
prep time has been cut by 60%
- Documentation
accuracy has improved by 80%
- Regulatory
response times have sped up by 40%
- Institutions have achieved 10x scalability, freeing
teams to focus on strategic priorities instead of getting bogged down in
administrative work.
"With
financial regulations evolving rapidly at a global scale, compliance can no
longer be a slow, manual process," said Travis Howerton, Co-Founder and CEO of
RegScale. "By combining CRI's industry-leading controls framework with
RegScale's AI-powered automation, we're providing financial institutions with
modern, scalable risk and compliance strategies that save time and ensure
regulatory confidence."
As one of
CRI's first continuous controls monitoring Innovators, RegScale is shifting
compliance from a manual, time-consuming process to a proactive, automated
approach. The collaboration will allow financial institutions to automate
workflows by assessing once and using many across the broad ranges of
regulations supported by CRI mappings. It will also standardize controls
mapping across CRI Profile v2.0 and key global frameworks (including MAS, HKMA,
NIST, SEC, FFIEC, and NYDFS), and it will offer real-time risk analytics for
proactive decision-making and faster regulatory response.
"Financial
institutions have long been focused on point-in-time assessments and want to
move to continuous control monitoring," said Josh Magri, CEO and Founder of
CRI. "We are excited to load the CRI Profile v2.0 into offerings like
RegScale's to assist financial institutions in streamlining regulatory
compliance."
As an antidote
to traditional compliance methods-which bring manual workflows, siloed systems,
and static documentation-the RegScale-CRI collaboration seeks to eliminate
operational bottlenecks, decrease costs, and enhance the security, compliance,
and risk posture for organizations across the finance sector.