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Protecht for banks and building societies

Strengthen resilience. Own your risk.

Empower your risk, compliance, and executive teams with one platform to manage obligations, oversight, and third-party resilience: designed to meet the complex regulatory expectations facing banks and building societies.

Stay ahead of changing regulations and obligations

Streamline how you capture, assess, and respond to regulatory updates from the PRA, FCA, and other authorities.

  • Monitor and manage compliance with SMCR, Basel III (Basel 3.1), Consumer Duty, Operational Resilience, UK Corporate Governance Code, financial crime, and conduct regulations in a single, centralised platform

  • Track regulatory changes and map them to policies, controls, and obligations to reduce manual effort and oversight risk

  • Assign ownership, schedule actions, and log attestations to meet deadlines with confidence

  • Enable clear and consistent board reporting with real-time dashboards and audit trails

Gain an integrated view of enterprise risk

Consolidate fragmented risk and compliance systems into one connected framework for full visibility and better decisions.

  • Connect risk registers, controls, compliance obligations, and incidents in one place

  • Align with PRA and FCA expectations for integrated enterprise-wide risk management

  • Report across all risk types with dynamic dashboards showing trends, heatmaps, and control effectiveness

  • Replace spreadsheets and siloed systems with a scalable solution tailored for banks and building societies of all sizes

Strengthen your operational resilience and incident response

Meet regulatory requirements for operational resilience, third-party oversight, and business continuity planning.

  • Record, triage, escalate, and resolve incidents with automation and traceability

  • Identify, map, and test resilience plans for important business services and critical service providers

  • Conduct root cause analysis and link incidents to related risks, obligations, and controls

  • Support compliance with FCA PS21/3, PRA operational resilience expectations, and CTP oversight for major third parties

Manage third-party risk with confidence and clarity

Maintain a central register of service providers, assess risks, and demonstrate oversight at all times.

  • Create a full inventory of service providers with tiered risk ratings and performance metrics

  • Schedule and document reviews, due diligence, and ongoing monitoring

  • Map third-party risks to related incidents, controls, and business continuity plans

  • Prepare for enhanced third-party oversight under the PRA/FCA CTP regime and DORA for EU operations

Trusted by well known organisations

  • victoria_teachers_limited_(bank_first)
  • bank_of_sydney_ltd
  • bnk_banking_corporation_limited
  • mystate_financial_ltd
  • policebank
RGB colour - Associate Member 2025

Flexible risk management. Designed by risk experts.

Analytics & dashboards

Configurable platform

User experience

Implementation and support

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Calculate your ROI

See how much you can save with Protecht.

Buyer’s guide

What an ERM solution is, why you need one, and how to make the right choice.

Case Study

How Pinnacle Investment Management stays in control with Protecht

Pinnacle Investment Management needed a robust and scalable system that they could easily adapt to meet operational and regulatory obligations worldwide. Choosing Protecht ERM meant that their own expert risk managers could stay in the driver’s seat.

Thought leadership on risk for banks and building societies.

Watch our latest thought leadership webinars and read the latest blogs, eBooks and white papers on risk management topics for banks and building societies.

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Blog

UK Corporate Governance Code: Why you need to act now.

Read now

Blog

A fair deal: How to integrate the Consumer Duty into your operations.

Read now

Frequently asked questions about governance, risk and compliance (GRC) for banks and building societies

Banks and building societies face a dual regulatory regime. Prudential risks such as capital, liquidity, and operational resilience fall under the PRA, while the FCA oversees conduct, market integrity, and customer outcomes. Key requirements include SMCR for executive accountability, Basel 3.1 reforms, Operational Resilience rules (effective March 2025), Consumer Duty, and ongoing obligations for financial crime, outsourcing, and governance.
SMCR establishes personal accountability for senior leaders, requiring clear delineation of responsibilities, fit and proper assessments, and robust governance to ensure risks are managed effectively. Protecht supports SMCR compliance by mapping responsibilities, controls, and attestations in a single system.
Basel 3.1 introduces revised capital calculations, particularly affecting credit risk and market risk. Larger banks should have implemented these change, while smaller firms may qualify for the PRA’s developing “Strong and Simple” regime, easing requirements for non-systemic institutions.

Firms must identify important business services, set impact tolerances, and demonstrate the ability to prevent, adapt to, and recover from disruptions. Protecht provides structured workflows for incident management, resilience testing, third-party oversight, and compliance reporting.

UK banks with EU operations or cross-border services fall within DORA’s scope, requiring enhanced ICT risk management, incident reporting, and third-party oversight. Even firms without EU entities may be indirectly impacted as global ICT providers standardise resilience measures. Protecht helps banks manage these requirements, both for EU compliance and UK-specific third-party oversight under the new CTP regime.
A centralised system allows banks to document outsourcing arrangements, assess risks, monitor performance, and link third-party risks to incidents and controls. Protecht enables oversight aligned with PRA expectations, DORA standards for EU operations, and the upcoming Critical Third Parties regime.
Protecht connects risk, compliance, audit, and incident data into a single source of truth, improving real-time risk visibility, board reporting, and regulatory alignment. It enables centralised controls management, dynamic reporting, and integrated workflows to support evolving GRC demands, including model risk, ESG risk, cyber resilience, and regulatory change management.