Modern GRC for financial services: built for agility and assurance
CoreStream GRC helps banks, insurers, and investment firms run risk and compliance as one connected system with clear ownership, workflows and defensible audit trails for regulations like UK Corp Gov and SOX.
Trusted by finance teams and advisors, including Pool Reinsurance, PwC Middle East and Deloitte.
Why disconnected GRC fails at the finance scale
Finance does not get judged on effort. It gets judged on proof.
Under the UK Corporate Governance Code and SOX-style controls, the questions never change: who owned it, what changed, who approved it, and where’s the evidence.
If those answers live across spreadsheets, inboxes, and 5 different systems, you spend every audit and every review rebuilding a story you should have been able to show in one click.
And finance has less room for drift than anyone. Multiple regulators. Multiple frameworks. Ongoing supervisory scrutiny, not a once-a-year scramble. When your GRC is disconnected, the failures are predictable:
- Risk, controls, and obligations split across tools
- 1 regulatory update, 3 interpretations
- Audits turn into evidence hunting
- Reporting becomes reconciliation, not insight
- “Ownership” exists on paper, not in the workflow
CoreStream GRC fixes this by keeping the whole chain in 1 place: requirement to policy to control to test to issue to remediation, with clear owners, timestamps, and evidence captured as work happens. That’s how you stay audit-ready without living in panic mode.
Interested in CoreStream GRC’s expert insights into business trends?
In action: Pool Reinsurance replaces the spreadsheet safety net
Company snapshot:
- UK’s largest terrorism reinsurer
- serving over 150 insurers
- covering £2.2 trillion of UK-based assets
They had a risk management system, but it was not fit for purpose. Adoption was minimal, and the spreadsheet safety net took over. Reporting turned into “a 3 week ordeal each quarter.”
Is this something that sounds familiar?
Pool Re needed enterprise risk management software that non-specialists would actually use, and a platform flexible enough to evolve without vendor bottlenecks.
What CoreStream GRC delivered
Holistic overview: expanded to include conflict of interest management, gifts and hospitality, and risk management in a single source of truth
Reporting efficiencies: saved a week per quarter in data manipulation
Greater user adoption: moved from 40% with the old tool to a 95% response rate
Speedy implementation: soft launch 7 days early
“I’ve now got the time for more assessments, more assurance reviews, more deep dives, more engagement with the business. Improving quality.”
Our promise: specialist capability that finance teams actually ask for
- Powerful risk visualizations (risk bow-tie, risk flight path, risk matrices) built into the workflow
- Configurable prompts, terminology, and guidance so teams do not “interpret” risk differently by accident
- Connect your own AI model securely to reduce manual work while keeping a human in the loop, and your IT team happy
- Integrations that finance teams already use (for example, AscentAI for horizon scanning, plus tools like Xapien, Black Kite, LexisNexis, Power BI, SAP)
- Secure platform aligned to required IT standards, including ISO 27001, NIS2 (and region-specific requirements where needed)
- CoreStream GRC partners with leading advisory firms, like PwC Middle East to help financial institutions operationalize third-party risk management at scale.
Want to learn more about our purpose-built risk management for financial services institutions?
“The previous tool didn’t meet my expectations. From day one, I felt the need for change. But with CoreStream? Very happy, very happy.”
Book a 1-hour workshop with our financial services GRC expert
Paul Cadwallader, GRC Strategy Director
Paul has spent 25+ years helping banks and insurers turn governance, risk, and compliance into something that stands up under scrutiny. As a former Deloitte Partner, he understands how regulators and boards evaluate control, and he’s focused on one thing: building connected programs where obligations, controls, actions, and evidence line up cleanly across entities, frameworks, and teams.
“For the first time, we have a single source of truth. We can clearly see what needs to be done, who owns it, and what’s been completed, all in one place.”
Risk and Assurance Leader, nationwide banking group (anonymous)
How CoreStream GRC gave a leading financial firm end-to-end traceability for regulatory change
Industry: financial services and insurance
Footprint: global
Operating model: multiple regulated entities and market participants
Regulatory reality: constant change all driving the same demand for traceable decisions and provable action across regimes like;
- FCA and PRA expectations,
- EBA guidance,
- Basel requirements,
- AML and sanctions rules
- Insurance obligations such as Solvency II.
They used to track updates manually.
This led to fragmented ownership, missed deadlines, and “audit-week archaeology” just to prove who decided what and when. And it’s not uncommon.
What changed with CoreStream GRC
Using Regulatory Change Management in CoreStream GRC:
- Multi-regulator updates pulled into one intake and triaged once, not re-read in every entity
- Ownership set by legal entity and business line, with a named SMF-accountable owner under SM and CR (Senior Managers and Certification Regime), not a shared inbox
- Impact assessments routed across 1LoD and 2LoD (risk, compliance, legal), with deadlines and escalation built in
- Each change linked to the control library, risks, policies, procedures, and actions, giving audit and regulators a clean evidence trail
“The resulting solution has dramatically increased our productivity through automation, with tasks such as drafting review wording now handled by the system rather than through time-intensive manual work.”
Anonymized client, global investment group operating in 100+ markets worldwide
Want to hear more from our happy clients?
Financial services GRC, built for real regulation
- CoreStream GRC for SOX (Sarbanes-Oxley Act) : Replace spreadsheets with audit management software and internal audit software workflows that lock in owners, testing, evidence, and remediation.
- CoreStream GRC for UK Corporate Governance Code, Provision 29: Use intutive risk compliance software, and regulatory compliance management software to connect policies, internal controls, actions, and attestations across entities.
- CoreStream GRC for DORA: Run DORA delivery in third-party risk management software and vendor risk management software that connects ICT services, providers, incidents, testing, and proof in one trail.
- CoreStream GRC for GDPR: Move beyond a stale GDPR compliance checklist with GDPR software, data governance software, and access audit software that assigns ownership and captures evidence as you go. ible enough to evolve without vendor bottlenecks.
By the numbers
98-100%
Compliance status achieved through active programs hosted on CoreStream GRC
98%
Client retention rate
4+
Week average, go-lives for conflict of interest management implementations
“We’ve expanded the tool to take into account staff declarations, so conflict of interest and gifts and hospitality.
The previous tool didn’t meet my expectations. From day one, I felt the need for change. But with CoreStream? Very happy, very happy.”
Helio Correa
Head of Risk
“CoreStream GRC gives me insight into what is happening on campus… where the conflicts potentially are.
This has worked well for us. It’s a nice moment in time to reflect on how the tool has helped us live our values.“
Desiree Ramirez
Chief Integrity and Privacy Officer
“The CoreStream GRC system provides us with an amazing single source of the truth, not only for what needs doing but also for what’s been done: it evidences it, which was always a problem in the past. By recording everything in one place, we can see all obligations, manipulate them and report on them. My mantra is: if in doubt, get it into CoreStream GRC. You can never have too much information.”
Andy Indominus
Engineering Director
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See how our solution delivers measurable impact and real-world results for financial organizations.
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FAQs for GRC in finance
By centralizing risks, obligations, controls, actions, and evidence across entities and jurisdictions. Regulatory updates are triaged once, ownership is assigned at the right level, and impacts flow through workflow to the right teams.
Fragmentation. When risk, compliance, audit, and regulatory change are managed in disconnected systems, teams spend more time reconciling and chasing than managing exposure.
A clean chain from regulatory update to ownership to impact assessment to decision to action, with evidence linked and retrievable fast when regulators ask.
By capturing evidence through workflow as work happens, then linking it to the relevant obligation, control, and action. Your audit team spends less time searching and more time assuring.
Yes. You can run ongoing vendor reviews, remediation, and evidence collection through third-party risk management software, while connecting outcomes back to risks, controls, and reporting for leadership.
It replaces spreadsheets with audit management software workflows, assigns named control owners, and captures sign-off in-system. Controls stay tied to the processes and systems they actually sit in, so testing is tighter and faster. Evidence is attached to the exact control and period, and deficiencies, remediation, and retesting sit in one internal audit software trail you can hand to auditors without scrambling.
It centralizes ICT risk work so each entity is not reinventing triage, and it keeps service and provider mapping together so the register of information is usable, not ceremonial. Third-party oversight runs in third-party risk management software and vendor risk management software workflows, while incidents, decisions, testing, and remediation are captured with
It connects risks, controls, policies, actions, and attestations in one system, so governance is visible and testable. Compliance automation enforces reviews and approvals, and leadership sees live status across entities, not last month’s snapshot. The same evidence trail can be reused across audit and board asks, which is what regulatory compliance management software should do.
CoreStream GRC takes Provision 29 out of slide decks and into a living control model. You map principal risks to the material controls that manage them, assign control owners, set testing and review cycles, and attach evidence to every control and outcome. When something fails, the exception, root cause, remediation actions, and re-test are tracked end to end, so you can show what happened and what changed. That means you can support the annual report disclosure with real records of monitoring and review, and back the board’s effectiveness declaration with evidence, not just assurances.