Case Study: Banco de Bogotá strengthens in-house risk management with Pirani

Banco de Bogotá strengthens in-house risk management with Pirani solutions

Banco de Bogotá, a major financial institution in Colombia, faced a significant challenge in managing its operational risk. The bank was relying on manual Excel spreadsheets, which led to an excessive operational burden, delays in data consolidation, and difficulty integrating risk information. Their primary challenge was to decentralize risk management and actively involve process owners across the organization.

Pirani solved this by implementing its Pirani Risk ORM solution to decentralize risk management. The solution provided each process owner with access to their risk profile, enabling them to conduct assessments and create action plans. This resulted in significant time savings, reduced reliance on Excel, and minimized unnecessary meetings, leading to more agile and effective risk management for the entire company.

Banco de Bogotá

Nohora Betty Muñoz

Operational Risk Manager and Internal Control System