January 06, 2011 | Palo Alto, California: MetricStream Inc., the market leader in enterprise-wide Governance, Risk and Compliance (GRC) solutions, today announced that the Federal Home Loan Bank of Chicago (FHLBC) has chosen MetricStream to integrate its GRC initiatives across the enterprise using MetricStream GRC as its single platform. MetricStream GRC Platform will enable FHLBC to manage risks, streamline its compliance reporting and documentation, and track and remedy exceptions.
“We are extremely pleased to partner with FHLBC,” says Gaurav Kapoor, CFO and General Manager at MetricStream. “FHLBC's selection of MetricStream cements our position as the preferred GRC provider for banks and financial services organizations.”
About the Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago is an $87.7 billion wholesale bank, serving the needs of member financial institutions located in Illinois and Wisconsin. The FHLB Chicago's mission is to work in tandem with these member institutions to provide liquidity, term funding, mortgage purchase options, and direct support for community investment and affordable housing initiatives.
MetricStream is a market leader in enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions. MetricStream solutions are used by leading global corporations in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality management processes, regulatory and industry-mandated compliance and other corporate governance initiatives. MetricStream’s customers include Procter & Gamble, UBS, Societe Generale, Pfizer, Philips, Cummins, Kellogg’s, Mondelez International, SanDisk, and NetApp. MetricStream also owns and operates the www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (www.metricstream.com).