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GRC Constructor

A new era in banking compliance is here
The time has come

Managing your risk and compliance

GRC Constructor Compliance Software

Risk & Capital Compliance Solutions Successfully supports banks and financial institutions from all over the world

Welcome to Risk and Capital Compliance Solutions - RiskCapCom

about
Risk & Capital Compliance Solutions is a global Regulatory Technology (RegTech) and Supervisory Technology (SupTech) organisation. We are an Australian company with offices in Perth (Western Australia) and London (UK). Our company specializes in the development and implementation of compliance management & reporting software technologies, in the key regulatory requirement area of risk and capital management, for the Financial Services Industry.

We have focused on building software solutions that can be used to create or enhance existing risk and capital management procedures linked to the Basel regulatory regime. Our software can be used in Central Banks (Regulators/Supervisors) and commercial banks, leasing companies and insurance firms, in countries that have adopted Basel II and/or Solvency II regulations (which over 90% of countries have). To date we have developed an ICAAP/ILAAP and Prudential Standards software solution called GRC Constructor (Governance, Risk & Compliance). Our software solution is designed to become the compliance operating system for a Bank or ADI - Authorised Deposit-Taking Institution, for ALL ICAAP/ILAAP compliance requirements and most other prudential regulatory requirements (banking laws). GRC Constructor allows users from the C-Level / Board down to develop, enhance, maintain, annually audit and report through any time-period on an institution’s ICAAP/ILAAP and prudential regulatory compliance, both internally and to the Regulator. The software has been sold and successfully implemented in Europe’s 4th largest commercial bank (Top 40 World Bank) and helped them achieve 100% compliance score by the Regulator. The software has proven itself to be a compliance risk mitigator (preventing heavy non-compliance fines often in the tens and hundreds of millions), including the reduction of negative findings from the Regulator, a significant cost and time saver, an in-house GRC expert that guides the user to full compliance to industry best practice, and an invaluable support mechanism for the ever-changing regulatory environment of a credit institution and its staff compliment.

Our organization has also successfully developed and implemented a SREP software solution for a large Central Bank. We have both written and verbal testimony from the Central Bank's official spokesperson that our Supervisory Technology (SupTech) has improved the compliance quality and standard of the entire Financial System - NO OTHER REGTECH COMPANY IN THE WORLD HAS ACHIEVED SUCH AN AMAZING OUTCOME! (refer to the YouTube Webinar link under "Recent Announcements"). The solution includes a list of detailed questions, including qualification criteria for scoring each question, a scoring mechanism including weights for each set of questions, the underlying algorithms, a systematic check of the credit institution’s answer consistency, a search engine capability to check document consistency and reporting platform to provide reports to each credit institution. Our software has been used successfully to manage the ICAAP (Capital Adequacy) of an entire county's banking system - over 800 banks/ADIs - a world first.

Our turn-key software platform is robust, flexible, easy-to-use/maintain and is future-proof. We have developed the program to be deployed and ready for use within a week. The tool is not dependent on any other software systems within the credit institution and if so desired can be linked to other systems to provide additional quantitative report inputs such as a document management system/library. Our software includes a comprehensive set of standard ICAAP quantitative reporting forms.

Our service offerings include compliance consulting and training which focuses on risk and capital management procedures to ensure credit institutions hold sufficient capital according to their risk profile, whilst still achieving its growth strategies. This is critical to sustain the institution’s long-term success and survival. We strive to provide total customer satisfaction through our comprehensive GRC turn-key management and automated reporting solution, supported by experienced and specialized consulting services, delivered by a team of professionals.

Recent Announcements

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A testament to our software’s design, functionality and compliance methodology, is the fact our system is used by a G20 Central Bank (Regulator) to manage the compliance of its country’s 800 + banks.

An official Testimony from the G20 Central Bank states our software “has improved the quality of compliance in the industry”.

This has to be THE greatest testimony and outcome ANY RegTech company could aspire to achieve and should be all the proof needed of our software’s value for prospective clients (Regulators / Banks -ADIs).

RiskCapCom has more Central Banks to come…..

FinTech and RegTech News

U.S. banking regulator not ready for fintech charter applications

September. 14th

NEW YORK (Reuters) - The U.S. banking regulator, the Acting Comptroller of the Currency, said on Wednesday that he is not ready to accept applications from financial technology companies seeking a special purpose federal charter...

Australia mandates OTC clearing to ensure substituted compliance

September. 14th

The recent about-turn by Australian regulators from relying purely on market-based incentives for central clearing to mandating the clearing of certain non-Australian dollar interest rate swaps is to ensure...

SEC report reveals failings at top three rating agencies

September. 14th

The US Securities and Exchange Commission (SEC) has identified "apparent failures" harking back to the peak of the financial crisis at all three of the largest US credit rating agencies (CRAs), according to a report released on September 30...