International 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.

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.

Commenting on the partnership, Michael Light, Risk Analyst and GRC project sponsor at Prodigy Finance, commented: “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.”

“We needed to find a way of linking these various modules and ideas together, both to streamline internal management 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 have 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.”