Protecht, a global leader in risk and resilience software, has announced its partnership with Target Group.
Protecht, known for its superior Enterprise Risk Management (ERM) solutions, joins hands with Target Group, an esteemed FCA-regulated company that offers business process servicing and operational transformation to over 30 major financial institutions worldwide.
The partnership emerged from Target Group’s need for a state-of-the-art platform to centralise its risk management activities. With the Protecht ERM solution, all 800 colleagues at Target Group can now gain a comprehensive real-time view of their risks. This enhancement is facilitated by an intuitive interface, complete with analytical dashboards.
Protecht is renowned for offering comprehensive risk solutions through its Protecht ERM platform. They not only provide a holistic view of risk but have also assisted numerous organisations in transitioning from traditional methods like spreadsheets and emails to more efficient risk management techniques. With a presence in London, Sydney, and Los Angeles, their services extend from the enterprise risk management platform to training and advisory for various businesses, governments, and regulators globally.
Target Group, on the other hand, stands as an FCA-regulated business. Their expertise lies in offering business process servicing and operational transformations, catering to the needs of over 30 top-tier financial institutions globally.
A significant reason for choosing Protecht was their team’s unparalleled support. With decades of hands-on experience in the financial services market, their seasoned risk professionals aid organisations in achieving their strategic objectives through an in-depth understanding of risk management.
The Protecht ERM platform seamlessly integrates various components of risk – ranging from controls and event management to compliance assurance. This integration leads to various immediate benefits such as time-saving, reduced human error, and simplification of data capture for impactful decision-making. The platform’s main focus is on promoting a positive risk culture.
Target Group CEO Peter O’Connor said, “Protecht ERM was the only automated solution on the market that enabled our whole organisation to swiftly move away from manual processing and put risk at the centre of every part of the business, including the management of third-party data. Guided by the Protecht team, highly knowledgeable risk professionals that understood the nuances of our business, the implementation process of Protecht ERM was seamless.
“Our colleagues were quickly onboarded and fully engaged, taking ownership of their own risk as well as flagging potential risk to our clients, to help them stay on top of evolving regulations and compliance. Agility, is key and with the modernisation of our risk processes thanks to Protecht we are now able to proactively manage and monitor risk and are in good stead to respond to any changes or future challenges ahead.”
Gary Lynam, Managing Director EMEA at Protecht commented, “Target Group, as an FCA-regulated business with an esteemed reputation for providing digital transformation services, was unsurprisingly acutely attuned to the strategic importance of upscaling to a holistic and effective risk management framework that engages everyone in the organisation.
“We are pleased to be working with such a forward-thinking organisation and implementing the purpose-built system and full suite of modules including Risk & Events, Control Testing, Auditing, Compliance, Business Continuity Management and bespoke Third Party Management tools.”
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