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Episode 3  |  16:15 min

What is The Risk Cloud™?

Episode 3  |  16:15 min  |  06.18.2020

What is The Risk Cloud™?

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This is a podcast episode titled, What is The Risk Cloud™?. The summary for this episode is: What do you get when you cross innovation and pioneering? CEO Matt Kunkel and Chief Product Officer Jon Siegler — AKA two of the three founders of LogicGate. Historically, the old-school GRC software space aimed to operationalize regulatory risk and compliance and security programs in two ways: 1) Using technology platforms with rigid data models and 2) Using point solutions — that don’t integrate well with other applications — to solve specific use cases, third-party risk and more. In Matt and Jon’s opinion, that’s why The Risk Cloud™ represents a departure from what we know about GRC. In this episode of GRC & Me, tune in to hear how these visionaries have disrupted the GRC industry with The LogicGate Risk Cloud, a platform that presents a solution and has the flexibility to reimagine what risk is entirely. With host Megan Phee, they discuss The Risk Cloud’s extensibility at length, especially what it enables companies (and risk managers!) to do. After listening, ask yourself this: How can The LogicGate Risk Cloud enable effective risk operation for you?
Takeaway 1 | 02:24 MIN
Why does The LogicGate Risk Cloud represent a departure from GRC of the past?
Takeaway 2 | 01:01 MIN
The Risk Cloud™ is not just a solution, but a reimagining of what risk is
Takeaway 3 | 01:23 MIN
What will The Risk Cloud™ enable companies to do?
Takeaway 4 | 01:15 MIN
How The LogicGate Risk Cloud will fundamentally change the role of Risk Officers (or anyone who manages risk) at a company
Takeaway 5 | 00:59 MIN
What kind of existing or emerging technologies are going to allow The Risk Cloud™ to attain its full potential?
Takeaway 6 | 01:22 MIN
How is the user experience of The Risk Cloud™ a differentiator from other products in the market?
Takeaway 7 | 01:07 MIN
Why does The Risk Cloud™ realize the full potential of the GRC industry?
Takeaway 8 | 01:03 MIN
From a risk manager perspective, what is the ultimate goal of The Risk Cloud™?

What do you get when you cross innovation and pioneering? CEO Matt Kunkel and Chief Product Officer Jon Siegler — AKA two of the three founders of LogicGate.

Historically, the old-school GRC software space aimed to operationalize regulatory risk and compliance and security programs in two ways: 1) Using technology platforms with rigid data models and 2) Using point solutions — that don’t integrate well with other applications — to solve specific use cases, third-party risk and more.

In Matt and Jon’s opinion, that’s why The Risk Cloud™ represents a departure from what we know about GRC.

In this episode of GRC & Me, tune in to hear how these visionaries have disrupted the GRC industry with The LogicGate Risk Cloud, a platform that presents a solution and has the flexibility to reimagine what risk is entirely.

With host Megan Phee, they discuss The Risk Cloud’s extensibility at length, especially what it enables companies (and risk managers!) to do. After listening, ask yourself this: How can The LogicGate Risk Cloud enable effective risk operation for you?

Guests-at-a-Glance

Matt Kunkel

🔌 What he does: LogicGate’s Co-Founder and CEO, who saw an opportunity to build flexible technology to enable organizations to manage their risk and compliance needs — and he went for it.

📊 Company: LogicGate

🗣 Key quote: “Businesses will morph and pivot and evolve and change over time, meaning that the risk and compliance and regulatory groups need to morph and pivot with them,” and the tech does, too. “We call that future-proofing — that's really what The Risk Cloud™ allows our customers to do.”

📲 Where to find him: LinkedIn | LogicGate | Twitter

Jon Siegler

⚙️ What he does: Co-Founder and Chief Product Officer of LogicGate, where he reduces their risk, improves efficiency and, of course, automates processes.

📊 Company: LogicGate

🗣 Key quote: “We want to be on the front lines with our customers and solving the problems that matter to them. And the more we're doing that, the better we're gonna build our offerings and really solve the problems for our customers.“

📲 Where to find him: LinkedIn | LogicGate | Medium

GRC Highlights

💻 True or false: Does The LogicGate Risk Cloud represent a departure from the GRC status quo? 100% true. “To run a real holistic GRC program and gain the value in the insights that provides, you need to be able to link all of that data together,” says Matt. “The world we envision ... is this new thinking of really agile, flexible GRC solutions and platforms.” Oh, and extensible, too!

💻 The GRC market has largely been about asset protection, but Matt says it’s also about revenue generation from a risk perspective: “We need to [think] of not just asset protection … but how do we use risks to drive better strategic decisions to drive more revenue, more top-line outcomes for the business?”

💻 To enable his customers, product expert Jon makes sure The Risk Cloud™ arms them with the insights they need to better communicate with their organization about risks as well as empowers them to be more strategic with the decisions they make to spend less time on the day-to-day routine. The Risk Cloud™ is stacked with the right technology to do that and more.

💻 Jon emphasizes the importance of valuing the user experience of their customers — “‘Cause what it's all about is are we building technology and software that solves our customer's problems?” And that includes making resolving customer feedback a team priority.

💻 Risk managers, wondering how The LogicGate Risk Cloud can help you manage day-to-day risk better? Visibility. The risk cloud is that one central location where you can not only understand risks and mitigate them, “but understand what the overall program looks like in the landscape — so ultimately [risk managers] can help the organization make more strategic decisions.”

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