Zenith Bank UK deploys Hitec Laboratories PolicyHub

Source: Hitec Laboratories

Hitec Laboratories (Hitec), a leading provider of Governance, Risk and Compliance (GRC) and Enterprise Content Management (ECM) software solutions, announce that Zenith Bank (UK) Ltd are the latest Bank to implement their Policy Lifecycle Management solution PolicyHub, to support their Governance, Risk & Compliance objectives.

Driven by increasing regulatory pressures and the need to be able to demonstrate compliance easily and effectively, Zenith Bank (UK) Ltd wanted a cost effective solution that allowed for the centralisation and standardisation of their business critical Policies to alleviate the pitfalls of having Policies & Procedures stored in various locations and in different formats.

PolicyHub, Hitec's Award winning Policy Lifecycle Management solution is designed to manage and simplify the entire Policy lifecycle, from creation and review, to communication, knowledge assessment, audit and reporting; ensuring Compliance and providing evidence of Best Practice.

Paul Greensted, Head of IT at Zenith Bank (UK) Ltd explains: "We wanted a solution that's easy to use and implement, with the functionality we required - version control, a review facility and staff survey capability. PolicyHub provides all this as well as evidencing Compliance and Best Practice."

Jeremy Crame, CEO of Hitec comments: "We are pleased to be working with Zenith Bank (UK) Ltd. The increasing demanding regulatory environment is proving a real challenge for financial organisations and they are acutely aware that without clear Policies & Procedures to manage governance, legal and regulatory challenges, their business is under significant risk and threatened by costly compliance breaches, leading to serious reputational damage.

PolicyHub is a credit to our overriding belief in collaboration with our Customers which enables us to develop software solutions that are truly effective."

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