Prodigy Finance consolidates
and streamlines risk management
nternational postgraduate
student loan provider, Prodigy
Finance, has selected IRM
software solutions provider SureCloud
to consolidate, streamline and automate
its risk, compliance, policy and incident
management processes.
I
After a five-month selection process
that considered various vendors and
platforms, Prodigy Finance selected four
SureCloud products to provide a single
centralised source of information and
controls and automate a wide range of
functions. The four products chosen
from SureCloud’s IT risk management
and cybersecurity portfolio were:
managed from and a way to track end-
user attestation.
Compliance Management – to enable
an out-of-the-box control framework for
complying with relevant laws, standards,
frameworks and regulations across all the
jurisdictions in which Prodigy operates.
Incident Management – to centralise,
automate and simplify the management
of incidents of any type, including
security, privacy, health and safety.
Risk Management – to give a
streamlined, structured approach to
risk management, a central view of
risk across the entire organisation and
automated identification, assessment
and tracking of different types of risk. Speaking on the partnership, Michael
Light, Risk Analyst and GRC project
sponsor at Prodigy Finance, said:
“We were using a wide range of
different single-purpose platforms and
processes to manage our governance,
risk and compliance (GRC) processes.
We had everything from specialist
vendor software applications to manual
Excel spreadsheets.
Policy Management – delivering a
central repository of all policies, a
single point for policy revisions to be “We needed to find a way of linking these
various modules and ideas together,
both to streamline internal management
We are approaching
100,000 unique
data subjects,
many of whom have
made more than
one application for
finance, so there
are some significant
data management
challenges.
and costs, but also to improve our GRC
posture. All of the information we needed
was sitting in multiple places, with no
consolidation or unification.
“We are approaching 100,000 unique
data subjects, many of whom have made
more than one application for finance,
so there are some significant data
management challenges.”
Light also stated that SureCloud has
also helped Prodigy Finance to uncover
new sources of management information.
“SureCloud’s tools are enabling us to
access and make use of data that we
simply couldn’t capitalise on before,
which is very promising for our future
innovation and growth.” u
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“All the data is live and the reports are
extremely easy to read, so it’s incredibly
accessible for our management teams,”
said Light.