Managing complex regulatory issues is global problem, says Monga
Jacksonville-based Azimuth GRC, a compliance automation pioneer, is transforming how institutions manage compliance by giving them greater confidence in their efforts, and has appointed former bank executive Avtar Monga, serving as Strategic Advisor to the CEO of its new India office.
“Our India office will further our initiatives and build onto our global strategy, supported by one of the industry’s top executives,” said Rohin Tagra, founder and CEO of Azimuth.
“We continue to experience strong growth,” he said, adding that Monga’s decades of experience will be invaluable as Azimuth continues to see strong demand for its revolutionary solutions.
Bringing significant strategic insight and industry knowledge and over 40 years of banking
“Managing complex regulatory issues is a global problem that requires global talent,” said Monga.
“I look forward to supporting that effort on behalf of Azimuth. By leveraging my past experiences, I aim to grow the company’s global presence and cultivate the next generation of leadership and innovation in India.”
Previously, Monga was the Chief Operating Officer at IDFC First Bank. Monga also served as a senior executive with Bank of America, where he was responsible for running its Global Delivery Center of Expertise. Spending a collective 26 years with BofA, Monga built one of the most comprehensive delivery centres from the ground up. As part of GE Capital’s India management team, Monga led its Transport Financial Services business as CEO. He also served as CEO of GE’s State Bank of India Card Business Processes Management Services.
Recently celebrating its fifth year in business, Azimuth continues to see tremendous growth as the demand for automated compliance management increases amid rising regulatory scrutiny. It is the first and only company to replace sample-based manual testing with full-population automated compliance testing, enabling its financial institution clients to test entire portfolios in just minutes. Financial institutions can determine if it is compliant with all laws and regulations, while ensuring a fair and equitable experience for all customers.
With the introduction of new services and increased demand for automated compliance management, Azimuth plans to further expand its team.
Azimuth launched HMDA Validator in February, an automated HMDA filing solution that simplifies reporting and streamlines the process. HMDA Validator makes the filing process faster, more accurate and more cost effective for financial institutions. Using artificial intelligence, HMDA Validator streamlines the complex reporting process. It quickly processes large volumes of data from multiple sources, applies iterative logic to edit reports and learns from prior submissions.
Azimuth GRC revolutionizes the world of regulatory compliance by being the first and only company to codify every state and federal law on one platform, changing the culture of compliance by taking manual compliance work done on paper spreadsheets and automating it. Led by founder and CEO Rohin Tagra, Azimuth GRC is the only company bold enough to offer VALIDATOR, a software that provides daily automated tests of an entire portfolio to determine compliance with all applicable laws and regulations. fiinews.com
