ControlNet is an integrated digital control and risk management system. Since its foundation in 2014, the company has grown to serve some of the leading organisations in the world, including Canada’s largest bank, and currently has live implementations across the UK, Europe, Asia, Africa and the US.
Back in 2014, four colleagues with a background in Governance, Operations and IT, decided to combine efforts and develop a unique solution to a major operational problem they had all experienced. The process of managing controls in most organisations was heavily manual and managed on excel spreadsheets or paper-based checklists, with little visibility of the current status of risks and controls, a lack of supporting evidence and corresponding actions and a lack of accountability. This resulted in operational inefficiencies and increased risks of operational losses and regulatory scrutiny.
So, they created ControlNet – an integrated risk and control management system.
Their first client was a South African bank based in Johannesburg. The company went live on the system in 2015 and has gradually increased the usage of ControlNet across its entire organisation, and currently has almost 400 users.
Since then, ControlNet has grown to serve some of the leading organisations in the world, including Canada’s largest bank, and currently has live implementations across the UK, Europe, Asia, Africa and the US.
While the initial vision was to provide a system to manage and evidence Level 1 business-owned controls, they quickly realised that customers needed a solution to cover all 3 lines of defence. Thus, they’ve expanded their offering and added a dedicated risk module to the flagship ControlNet system.
To help build the most accountable, sustainable and resilient organisations for the future.
Meet our founders
Paul Lowrie | CEO & Co-founder
Prior to co-founding ControlNet in 2014, Paul has worked in the City of London for over 25 years in Operations Management, Operations Change and Operational Risk and as a consultant in Governance Risk and Compliance.
During his years in the City, he worked for a number of large financial institutions including UBS, RBS, Societe Generale, Barclays and Deutsche Bank.
When Paul's not working, he loves spending time with his 3 grown-up daughters and enjoys playing tennis, a round of golf and competing in triathlons.
Peter Brennan | CTO & Co-founder
Peter co-founded ControlNet and is the brain behind ControlNet's technology.
With over 22 years of experience in Software Engineering, he has led many agile teams and designed and implemented countless high-volume, transactional systems for a number of leading financial organisations including UBS, HSBC and Deutsche Bank.
Outside ControlNet and his multiple tech projects, Peter is also a devoted dad and spends most of his spare time with his two young boys.