Archer Case Studies Banorte Bank Gains Accurate Picture of Risk with Archer® Suite

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	Banorte Bank Gains Accurate Picture of Risk with Archer® Suite Archer

Banorte Bank Gains Accurate Picture of Risk with Archer® Suite

Archer

Technology Category	Application Infrastructure & Middleware - API Integration & Management
Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation
Use Cases	Regulatory Compliance Monitoring
Services	System Integration
Challenge	In 2015, business leaders at Grupo Financiero Banorte—the second largest bank in Mexico— began looking for a GRC application to replace the various spreadsheets and homegrown systems the bank was then using to manage risk and compliance across its extensive business. The bank needed a solution that could provide a consolidated, real-time view of risk and compliance across its commercial banking, personal banking, investment banking, insurance, and leasing and storage businesses. The bank also wanted to develop a common understanding across the company of what constitutes high or low risk. Read More
About Customer	Grupo Financiero Banorte is the second largest bank in Mexico with headquarters in Monterrey. The bank has $128 billion in assets and employs 22,000 people across 1,200 branches. Banorte operates in various sectors including commercial banking, personal banking, investment banking, insurance, and leasing and storage businesses. In 2015, the bank began looking for a Governance, Risk Management, and Compliance (GRC) application to replace the various spreadsheets and homegrown systems it was using to manage risk and compliance. Read More
Solution	After studying various benchmarking reports and evaluating several different applications, the selection committee at Banorte settled on Archer® Suite. Archer Suite empowers organizations of all sizes to manage multiple dimensions of risk on one configurable, integrated software platform. With Archer Suite, organizations can quickly implement risk management processes based on industry standards and best practices. The bank deployed the Archer Operational Risk Management solution first, then moved on to the Archer Audit Management solution. The bank is in the process of implementing the Archer Business Continuity Management and Archer IT & Security Risk Management solutions. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - API Integration & Management

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Regulatory Compliance Monitoring

Services

System Integration

Challenge

In 2015, business leaders at Grupo Financiero Banorte—the second largest bank in Mexico— began looking for a GRC application to replace the various spreadsheets and homegrown systems the bank was then using to manage risk and compliance across its extensive business. The bank needed a solution that could provide a consolidated, real-time view of risk and compliance across its commercial banking, personal banking, investment banking, insurance, and leasing and storage businesses. The bank also wanted to develop a common understanding across the company of what constitutes high or low risk.

About Customer

Grupo Financiero Banorte is the second largest bank in Mexico with headquarters in Monterrey. The bank has $128 billion in assets and employs 22,000 people across 1,200 branches. Banorte operates in various sectors including commercial banking, personal banking, investment banking, insurance, and leasing and storage businesses. In 2015, the bank began looking for a Governance, Risk Management, and Compliance (GRC) application to replace the various spreadsheets and homegrown systems it was using to manage risk and compliance.

Solution

After studying various benchmarking reports and evaluating several different applications, the selection committee at Banorte settled on Archer® Suite. Archer Suite empowers organizations of all sizes to manage multiple dimensions of risk on one configurable, integrated software platform. With Archer Suite, organizations can quickly implement risk management processes based on industry standards and best practices. The bank deployed the Archer Operational Risk Management solution first, then moved on to the Archer Audit Management solution. The bank is in the process of implementing the Archer Business Continuity Management and Archer IT & Security Risk Management solutions.

Impact #1	With the effort to get all risk and compliance data on a single platform, Banorte is moving toward a consolidated, real-time view of risk and compliance across its businesses.
Impact #2	Developing a common understanding across the company of what constitutes high or low risk has been instrumental to the bank’s success with Archer Suite.
Impact #3	Because everyone now measures different risks in the same manner and because the suite maps risks to business processes and different products and services, the senior management team can trust the reporting from Archer Suite.

Impact #1

With the effort to get all risk and compliance data on a single platform, Banorte is moving toward a consolidated, real-time view of risk and compliance across its businesses.

Impact #2

Developing a common understanding across the company of what constitutes high or low risk has been instrumental to the bank’s success with Archer Suite.

Impact #3

Because everyone now measures different risks in the same manner and because the suite maps risks to business processes and different products and services, the senior management team can trust the reporting from Archer Suite.

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Overview

Banorte Bank Gains Accurate Picture of Risk with Archer® Suite

Operational Impact