Case Study: International Bank reduces GRC costs and streamlines compliance with SoHo Dragon and Archer

International Bank saves more than $200K and cuts 2 unused GRC use cases with SoHo Dragon

SoHo Dragon was engaged by International Bank, a large international banking institution, which was facing significant challenges with its aging, on-premise Archer GRC platform. The system was overengineered with unnecessary data feeds, leading to sluggish performance and severe underutilization. The bank suspected it was overpaying for unused licenses and excessive operational spend, and it needed to identify performance improvements and reduce waste.

SoHo Dragon conducted a thorough three-month audit of the bank's Archer deployment, identifying unused applications and obsolete data feeds. The vendor recommended a roadmap that included streamlining solutions and migrating to Archer's SaaS cloud model. SoHo Dragon was subsequently hired to lead the implementation. The results included the elimination of redundant licenses and data integrations, leading to cost savings of over $200,000, enhanced system performance, and a more streamlined risk and compliance workflow.