Case Study: TD Bank streamlines risk management and gains resilience with NewRocket

TD Bank saves 50+ hours per month with NewRocket

TD Bank, one of the largest banks in North America, faced significant inefficiencies in its risk and compliance processes. Manual control testing was slow and labor-intensive, and executives lacked a centralized system for real-time visibility into risks and audits, making strategic decision-making challenging. To address this, the bank partnered with NewRocket.

NewRocket implemented a ServiceNow IRM solution to automate compliance testing and developed a custom Executive Risk Portal for leadership. This provided a single source of truth and data-driven dashboards. The results included saving over 50 hours per month on manual testing, stronger executive oversight, and the identification of 500+ additional controls for future automation. NewRocket helped TD Bank modernize its governance and set a new standard for risk management excellence.

TD Bank