Schroders Personal Wealth Deploys Riskonnect to Drive New Value from Risk Management

Centralized governance, risk, and compliance (GRC) data, real-time reporting, and enhanced integration capabilities free up team’s time to focus on value-added activities

ATLANTA & LONDON--(BUSINESS WIRE)--Riskonnect, the leader in integrated risk management solutions, today announces that Schroders Personal Wealth, a joint venture between Lloyds Banking Group and Schroders, has selected its enterprise risk management (ERM), third-party risk management (TPRM), and regulatory compliance solutions.

Schroders Personal Wealth will leverage Riskonnect’s platform to consolidate its governance, risk, and compliance (GRC) information, streamline workflows, and improve reporting processes. This will open its risk team up for more strategic tasks.

“We saw the opportunity that partnering with Riskonnect would create for our team. We’re able to make our risk management practices even more impactful and create new capacity to drive business value,” said Ray Milne, Chief Risk Officer at Schroders Personal Wealth. “The ability to consolidate all our GRC and data privacy requirements into one system, coupled with Riskonnect’s rich and multidimensional reporting capabilities, frees our team from tedious information gathering and analysis so we can focus on high value work.”

Schroders chose Riskonnect for its wide range of user-friendly functionalities and its integration capabilities with data lakes and other core technologies. Riskonnect will replace Schroders Personal Wealth’s existing system.

“Schroders Personal Wealth is a great example of a company that recognizes how risk management practices can drive value for the organization,” said Jim Wetekamp, Riskonnect’s CEO. “We’re thrilled to partner with their team to create a clear view of risk and drive efficiencies so they can concentrate on strategy and growth.”

Learn more about Riskonnect’s solutions here.

About Riskonnect

Riskonnect is the leading integrated risk management software solution provider. Our technology empowers organizations with the ability to anticipate, manage, and respond in real-time to strategic and operational risks across the extended enterprise. More than 950 customers across six continents use our unique risk-correlation technology to gain previously unattainable insights that deliver better business outcomes. Riskonnect has more than 525 risk management experts in the Americas, Europe, and Asia. To learn more, visit www.riskonnect.com.