Case Study
U Bank achieves quantifiable results with INIT – Guardian (Compliance Risk Management Solution)
100%
Digitization of Controls Tracking and Monitoring
85%
Optimization in Process Execution and Follow-ups
60%
Reduction in Carbon Footprint
About U Bank
U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of more than 240 branches, across 210 cities and rural areas in Pakistan. U Bank offers branchless banking services under the banner of U Paisa at nearly 45,000 agent locations across Pakistan.
Business Objective
U Bank Compliance required a solution which would enable an active ownership of the risk-and-control framework within the organization, delivering transparency into Residual Risk Exposure and Control Effectiveness through information-consolidation and process-automations, ensuring simplified Governance & Regulation Monitoring, Progress Tracking and point-in-time Reporting.
Results Achieved
- Centralized Repository of organization-wide Compliance Controls
- Point-In-Time Reporting on Progress and Regulatory Items
- Prioritization of Executions and Workflow Automations
- Effective Collaboration across Teams and Departments
- Automated Reminders and Notifications on actions and deliverables