Ci3

Modern institutions all employ the “Three Lines of Defence” model to preventing unwanted things from happening.

As businesses increase in size and the regulatory and risk environments become more complex these three lines can become disjointed with respect to what it is they are defending and from what threats. The result is that either they are no longer providing proper defence or at the very least they are not as efficient as they might be.

The SWORD platform provides modern institutions with a manner in which they can provide a solid foundation for the three lines of defence such that they are all working off the same set of definitions (what are we defending and from what threats). SWORD also provides individual modules that enable the three lines to work together while maintaining their separation of duties. This ensures that efficiencies are created without compromising the defence model.

The key benefits for an organization in implementing SWORD to support your three lines of defence are:

• A common foundation for all to work off thus limiting overlaps and gaps

• Common functions that work across the lines to ensure efficiencies (e.g. issues management, risk assessment)

• Data sharing between the three lines to limit the disruption to the business frontline.

For more details on how SWORD supports your three lines of defence please see;