PRG Workflow
Product and Service Risk Governance. From Submission to Registry.
A platform for structured product and service risk governance — covering submission, risk driver evaluation, committee approval, product registry, and lifecycle monitoring.
Capabilities
End-to-end product and service risk lifecycle.
Every stage of the product governance process — from initial submission through committee review and ongoing monitoring — in a single platform.
Risk Profile Questionnaire
Configurable risk drivers, evaluation stages, and multi-evaluator scoring -- with worst-score logic and automatic critical driver escalation to the appropriate governance tier.
Workflow Types
Supports all lifecycle stages: New Product/Service, Significant Change, Periodic Monitoring, and Termination -- each with the appropriate governance routing and documentation requirements.
Committee Evaluation Module
Independent committee scoring, formal decision capture (Approve / Reject / Conditions), and documented rationale -- structured for direct inclusion in governance records.
Product Registry Integration
Automatic lifecycle tracking from approval through scheduled monitoring to termination. Every approved product and service has a permanent, attributable record.
Immutable Decision Logs
Every score, override, comment, and decision permanently recorded with user attribution, timestamp, and version. Nothing is editable after submission.
Management Reporting
Risk classification overviews, monitoring compliance tracking, and PPT-ready export. Built for senior management and board-level reporting.
How It Works
Six stages. One continuous governance record.
Submission
The product owner submits a structured request including product type, description, and supporting documentation. The platform assigns the correct workflow type and governance routing.
AI Pre-Submission Analysis
The AI Risk Assessment Advisor analyses the submission against applicable regulatory frameworks, scores each risk driver, flags completeness gaps, and generates a committee-grade pre-assessment report.
Risk Profile Evaluation
Evaluators across 1LOD and 2LOD complete independent risk driver scoring. Worst-score logic is applied automatically. Critical drivers trigger mandatory escalation.
Committee Review
The Risk Committee reviews the evaluated submission, records the formal decision (Approve / Reject / Conditions with structured rationale), and closes the governance cycle.
Product Registry
Approved products are automatically registered with lifecycle status, risk classification, monitoring schedule, and full governance history — permanently attributable.
Ongoing Monitoring
Scheduled monitoring reviews are triggered automatically. Significant changes re-enter the full workflow. Termination is governed through a structured process with final record closure.
Bring structure to your product risk governance.
Talk to us about how the AI Risk Assessment Advisor integrates with your institution's governance workflow.
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