Family Building Society is the UK’s eleventh largest building society, with over 50,000 members and £2.2bn of assets. The Society is committed to best practice in corporate governance and having regard to the UK Corporate Governance Code, issued by the Financial Reporting Council, as well as meeting the guidance for building societies issued by the Prudential Regulation Authority and Financial Conduct Authority.
Family Building Society have historically used manual processes and spreadsheets to capture, manage and report on compliance, risk management and regulatory change across the business and have identified the need for change and improvement. TriLine GRC has been selected to embed an automated solution to improve efficiency as well as provide concise and real-time reporting.
TriLine GRC will be implementing our proven and robust GRC solution for compliance and risk management, alongside our sophisticated Triage PRO regulatory horizon scanning module.
The solution will provide Family Building Society with a highly flexible and functionally rich framework to underpin enhanced GRC processes across the business, streamlining and improving efficiencies whilst embracing regulatory change and compliance.
Nicole Sharp, Operational Risk Manager at Family Building Society comments:
“As part of our continual improvement strategy, the Society will be upgrading our Risk and Compliance processes, workflow and reporting with the implementation of a new GRC system. After careful consideration, we have decided to choose TriLine GRC as they can provide the type of integrated system that we require. They also provide a modular system that allows us to control the pace of the implementation”.
Ian Wilson, Director of Sales at TriLine GRC adds:
“We are delighted that Family Building Society has selected TriLine’s GRC and Triage PRO regulatory horizon scanning solution to embed and underpin improved governance efficiencies across their business. Family Building Society are the eighth UK building society to place their trust in us and we look forward to supporting them roll-out and maximise the full scope of our solution functionality”.
Is your firm looking to explore how you can strengthen your GRC framework? Or maybe you'd like to find our more about our Triage PRO regulatory horizon scanning solution? Just complete the form below and we will get back to you to arrange a video demonstration.