The Leicestershire-based mutual says it has historically used manual processes and spreadsheets to capture and report on its “compliance, risk management and regulatory change across the business”.

The Melton, with over 40,000 members and over £584m of assets, says it is committed to the UK’s corporate governance code. It also adheres to the guidance for building societies issued by the Bank of England’s Prudential Regulation Authority and Financial Conduct Authority.

The Melton Building Society chief risk officer Nicola Walker says: “As part of our growth and operational resilience improvement strategy, we will be upgrading our risk and compliance processes, workflow and reporting with the implementation of a new GRC system.

“TriLine GRC will provide us with a long-term solution that can adapt and scale based on our growth and evolving GRC requirements.”

TriLine GRC director of sales Ian Wilson adds: “The Melton is the ninth UK building society to place their trust in us and we look forward to supporting them rolling out and maximising the full scope of our solution functionality.”