MidCountry Financial Corp. has selected MetricStream to enhance its risk management and strengthen regulatory compliance and audit management across the enterprise. MetricStream’s integrated GRC solution will help MidCountry Financial streamline the full range of its risk management processes, establish a comprehensive risk register and common risk taxonomy, and enhance risk visibility. Through the real-time integration of external regulatory feeds, MidCountry Financial will be able to stay one step ahead of its risks, and one step ahead of the regulations.
The MetricStream solution will provide a centralized risk framework to manage, assess, and track all enterprise risks as well as their associated controls and issues. A risk register will maintain and map all risk and control information such as risk description, control ownership, risk impact, source, and likelihood, thus helping establish a common risk language across the enterprise. The solution will also help monitor and aggregate Key Risk Indicators (KRIs).