Nasdaq BWise GRC Platform selected by Bank ABC for Risk, Compliance and Audit
(Thomson Reuters ONE) -
MANAMA, Bahrain and NEW YORK, May 17, 2016 (GLOBE NEWSWIRE) -- Nasdaq BWise
(Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and
Compliance (GRC), announced today that it has been selected by Bank ABC, an
international bank headquartered in Bahrain, to support and further enhance
their risk management, compliance and internal audit processes as well as
reporting.
By implementing the BWise integrated GRC platform, Bank ABC will reduce the
burden and costs of compliance, gain control over their key organizational risks
and streamline their audit processes. The BWise integrated GRC platform will
enable Bank ABC to create management reports and dashboards to capture and
monitor risk issues and compliance obligations.
"We were searching for an integrated risk, compliance and audit tool that
enables us to enhance and strengthen our risk management practices throughout
the organization," said Olivier Nijland, Group Head of IT Risk at Bank ABC.
"Nasdaq BWise was selected because of the flexibility and rich functionality in
one integrated platform, support for Arabic language and the availability of
best practices for implementation. In this way the compliance, risk and audit
departments will all have access to the right information across the bank
globally. We endorse and envision a better collaboration in order to make better
business decisions for the bank."
Bank ABC (incorporated as Arab Banking Corporation) is an international bank
headquartered in Manama, Kingdom of Bahrain. Their network spreads across five
continents, covering countries in the Middle East, North Africa, Europe, the
Americas and Asia. Bank ABC, founded in 1980, is listed on the Bahrain Bourse.
Bank ABC is a leading provider of Trade Finance, Treasury, Project & Structured
Finance, Syndications, Corporate & Institutional Banking as well as Islamic
Banking services.
"The BWise platform will be able to bolster Bank ABC's efforts in continuing to
meet compliance requirements while streamlining their risk and audit processes,"
said Rob van Straten, Global Head of Sales and Professional Services, Nasdaq
BWise. "The Middle East GRC market is quickly emerging due to the requirements
for more transparency and the increasingly regulated business environment. We
are pleased to welcome Bank ABC to our expanding community of clients in the
Middle East region."
About Nasdaq BWise
Nasdaq BWise is a global leader in Enterprise Governance, Risk Management and
Compliance (GRC) software. Based on a strong heritage in business process
management, the BWise(®) GRC Platform provides companies with highly-rated,
proven software solutions for Risk Management, Internal Control, Internal Audit,
Compliance & Policy Management, Information Security and Sustainability
Performance Management.
BWise's end-to-end solutions support an organization's ability to understand,
track, measure, and manage key organizational risks. Nasdaq BWise helps
companies truly be in control by balancing performance with their financial and
reputational risks, improving corporate accountability, increasing financial,
strategic and operating efficiencies. Using BWise, organizations are able to
efficiently comply with anti-corruption regulations like FCPA and the UK Bribery
Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-
70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many
more.
Nasdaq BWise sales, service and support offices around the globe provide for the
GRC needs of hundreds of leading companies worldwide. For more information,
visit www.bwise.com.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,700
listed companies with a market value of approximately $9.3 trillion and more
than 17,000 corporate clients. To learn more,
visit: nasdaq.com/ambition or www.business.nasdaq.com
NDAQG
For Media Inquiries:
Nasdaq:
Ryan Wells
ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
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Source: Nasdaq via GlobeNewswire
[HUG#2013001]
Unternehmensinformation / Kurzprofil:
Datum: 17.05.2016 - 10:00 Uhr
Sprache: Deutsch
News-ID 471526
Anzahl Zeichen: 5601
contact information:
Town:
New York
Kategorie:
Business News
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