April 23, 2013 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, will be showcasing its next generation Risk Management Solution at the American Bankers Association’s (ABA) Risk Management Forum held from April 24th - 26th, 2013 in Baltimore, MD.

Risk management has evolved to a point where it is no longer the job of a particular person or group, but rather the job of everyone within the organization. There are a growing number of regulations in our ever-changing world that banks need to adhere to. For example, the Consumer Financial Protection Bureau’s (CFPB) power to identify Unfair, Deceptive, and Abusive Practices (UDAAP) has been extended to include additional oversight, making it imperative that banks ensure they are acting in accordance and in compliance. Management also needs advanced insight on all of the risks the enterprise is exposed to, so that both short term and long term strategies can be devised to mitigate potential issues.

The ABA Risk Management Forum 2013 is an official forum for expert inputs from the ABA. The event will showcase the latest products and technologies in the context of current and emerging risks. The in-depth knowledge sessions are structured to empower executives from banks and financial institutions by helping them prepare for the future. Some of the session topics include, the role of risk management post-crisis, the risk of UDAAP in products and operations, operational risk assessments, managing third party risk, denial of service attacks, and mobile banking risks.

MetricStream will showcase its next generation Risk Management Solution at the event. The solution is a unique combination of software and content. It features embedded best practices, which define the scope of processes for risk management. The solution also guides the development of control and test libraries, and some of its monitoring tools include configurable risk calculators and risk heat maps. It also provides content driven features such as access to training content from an expert community, as well as the integration of business processes with regulatory notifications. The solution has a flexible framework which addresses risk at every stage of the life cycle, beginning from documenting and assessing risks, defining controls, managing audits, and identifying issues to implementing remediation plans.

About MetricStream

MetricStream is the independent market leader in enterprise cloud applications for governance, risk, compliance (GRC), and quality management. MetricStream apps and software solutions improve business performance by strengthening risk management, corporate governance, regulatory compliance, audit management, vendor governance, and quality management for organizations across industries, including banking and financial services, health care, life sciences, energy and utilities, consumer brands, government, technology, and manufacturing. MetricStream is headquartered in Palo Alto, California, with an operations and GRC innovation center in Bengaluru, India, and sales and operations support in 12 other cities globally.(www.metricstream.com).

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