Based on the terms of the agreement, the technology firm will deliver and deploy BWise eGRC platform for the lender.
BWise Asia regional director Sebe Gerritsen said that the bank’s approach towards internal audit, risk management, compliance and business continuity management is mature and sophisticated and requires a robust but flexible eGRC software platform.
"Our global expertise and many years of experience in deploying eGRC software in banking, combined with our local presence through our competent Thai partner Yip in Tsoi, allow us to provide SCB with a first-class GRC solution," Gerritsen added.
Amid heightened regulated environment combined with local standards, the technology upgrade will allow the Thai lender to boost its operations without being worried about internal audit, risk management, and compliance.
Founded in 1906, Siam Commercial Bank manages a network of 1,154 bank offices, 108 exchange booths, and 8,872 ATMs.
