IT RISK
MANAGEMENT
AS A SERVICE
For Banks and NBFCs
Comprehensive IT Risk Management delivered as a service, combining expert consulting with advanced technology solutions for regulatory compliance and operational excellence.
The Challenge
Over 70% of Indian banks have faced at least one major IT or cyber incident in the last 24 months - yet only a fraction have a unified system to track IT risks, controls, and compliance across their environments.
With increasing scrutiny from RBI through guidelines like CSITE and IT Outsourcing frameworks, the cost of non-compliance is no longer just reputational - it's regulatory and financial.
The Challenges
People Challenges
Lack of skilled IT risk professionals
Insufficient training on regulatory requirements
Process Challenges
Manual and inconsistent risk assessment processes
Lack of standardized compliance workflows
Technology Challenges
Outdated systems and lack of integration
Data silos and limited analytics capabilities
The Solution
How do we plan to solve the challenges
Team of experts:
TRIK, a suite of applications catering to various aspects of IT Risk Management including:
What will the Team do?
Conduct Gap Analysis vs regulatory frameworks
Periodic IT Risk Assessments covering infrastructure, apps, and third parties
Work with internal teams to ensure compliances
Ensure alignment with RBI guidelines and ensure readiness for RBI Audit and inspections
Track new circulars/master directions issued and work with internal team to ensure adherence
Work with internal teams to ensure compliance to regulatory audit observations
Assist with regulatory reporting
Define and monitor KRI (Key Risk Indicator)
Define and monitor recurring IT control activities, bringing in feed from other banks
Test effectiveness of controls and perform control assurance reviews
Work with internal team to draft SOPs and Policies, ensuring alignment with regulatory and audit requirements
Ensure availability of documentary artefacts such as Checklists, Minutes of the Meeting etc. in alignment with regulatory guidelines
Ensure audit readiness
Support internal teams during Statutory and Regulatory audits as SME
Review and validate audit observations
Assist with compliances to the audit observations
Evaluate third-party IT service providers as per RBI Outsourcing Guidelines
Conduct due diligence, risk scoring, and ongoing monitoring
Wondering how?
Say hello to the ultimate tool!
A comprehensive suite of IT risk and compliance management tools for banking institutions
Define and monitor recurring IT Risk controls in adherence with regulatory expectations
Effectively manage and monitor compliances to internal/external or regulatory audits
Comprehensive security assessment and vulnerability management
Onboard/de-board employees and manage access across applications
Review BCP status with BIA assessment, DR drills, RTO/RPOs tracking
Maintain centralized repository of Policies and SOPs with version controls
Centralized repository of on-prem/cloud IT inventory with auto-scan capability
Monitor uptime/availability and performance with automated alerts
TRIK Platform - Complete Dashboard View
Unified view of Core Applications, Risk Control Tracking, Compliance Management, Third Party Risk Assessment, Security Monitoring, and Real-time Analytics
Why TRIK?
Ensuring data consistency and evidence management
Designed to provide meaningful insights in real-time
Capability to integrate with on-prem tools to minimize manual interventions
Indian Banking technology leaders with real-life learnings and experiences
For all IT audit and regulatory reporting needs
The Gains!
Ready to Transform Your IT Risk Management?
Experience next-generation banking risk management with ITRMaaS + TRIK
contact@arvyntechnology.com | efforts@effor.tech | +91-8178445972
Let's Connect Business Park, A-57, Sector 136, Noida, Uttar Pradesh 201301