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GRC stands for Governance, Risk, and Compliance. It is an integrated framework used by organizations to align IT and business goals with security, regulatory requirements, and risk management strategies. GRC ensures companies act with integrity, optimize operations, and mitigate risks, often utilizing centralized systems for better efficiency.
Core compliance programs in banking are structured frameworks designed to ensure financial institutions adhere to complex laws and regulations, primarily to prevent financial crime and protect consumers.
The People, Process, Technology (PPT) framework is a management model for optimizing organizational performance by balancing its three core pillars. It posits that for effective change or operations, people must be supported by efficient processes and enabled by appropriate technology.
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