Birlasoft, the global IT services arm of the C K Birla Group,announces its governance, risk, and compliance (GRC)strategy designed to help businesses become more agile, gaingreater visibility into their data, and balance business risk andresponsiveness.

Since the Dodd-Frank Act was passed by Congress in 2010 as partof the financial regulatory reform agenda, Birlasoft has set up adomain-led competency to carry out comprehensive research andthought leadership for organizations grappling to understand andrespond to the law's still evolving technology requirements.

“Impending regulations, client and internal pressures aredriving securities firms to enhance and restructure theircompliance and regulatory infrastructure. This will remain a toppriority for securities firms for the next few years and driveinvestments in areas such as OTC Derivatives, market surveillanceand risk management.” says Dushyant Shahrawat, senior researchdirector for TowerGroup.

The new GRC solution is developed on Birlasoft's expertise andexperience on compliance requirements for different verticalindustries. While grouping all governance, risk and compliancesolutions under an integrated GRC framework, Birlasoft hasdeveloped solutions around Dodd-Frank, Basel II, Solvency II, anddata privacy compliance.

Birlasoft's GRC strategic consulting offering will give anothertool to IT Leaders and their business counterparts to prepare inadvance, enabling higher levels of regulatory requirements,effectively utilizing their resources—allocating budgets to meettheir compliance obligations.

“At Birlasoft we have developed a comprehensive andflexible framework to respond to both market dynamics as well asindividual organization's requirements. We can work with ourclients to transform risk management challenges into avalue-changing capability. The right level of risk managementcapability can position the company for better economic returns,lower risk, improved value and increased confidence of thestakeholder and hence we are proud to have a pioneering offering inthis space which can yield that edge.” says Basu Dutta, vicepresident, banking and financial services practice forBirlasoft.