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July 17, 2013 | London, United Kingdom: One of the largest operators of multi-currency cash settlement system has chosen MetricStream to provide a centralized solution for Operational Risk Management (ORM). The MetricStream solution will integrate enterprise-wide ORM initiatives in a common framework, automate processes for greater cost-efficiency, and strengthen risk reporting by providing stronger and deeper visibility into risk metrics.

The ability to manage and mitigate settlement risks for their members and their customers depends largely on how the firm manages and mitigates its own key risks, which are largely operational in nature. The firm selected MetricStream as their partner to help automate ORM and risk management processes, and facilitate the ability to report risks across the organization. The solution not only met all of existing requirements but also provide the potential to evolve and adapt to future market or organizational changes.

The firm’s ORM function, together with the ERM function, is responsible for objectively assessing, measuring, analyzing, monitoring, and reporting risks across the organization. The ORM function is also required to monitor compliance with relevant ORM regulatory requirements, and provide a consolidated firm-wide view of risk information. The MetricStream ORM Solution will help in this endeavor by providing a single, centralized framework to consolidate, streamline, and automate enterprise-wide OpRisk related processes.

Using MetricStream’s Infolet technology, the solution will integrate with existing systems - including spreadsheets, database management systems, incident management applications, and directory services - to automatically and seamlessly gather relevant information for risk assessments, risk monitoring, and reporting.  This approach will free up resources and costs to be directed to more value-added activities such as risk analysis.

The MetricStream ORM Solution will be rolled out using MetricStream Cloud - a state-of-the-art virtualization and private cloud technology that accelerates deployment while also ensuring reliability and security.

This partnership is indicative of MetricStream’s leadership and solution penetration across key global and European markets. The ability to provide integrated and sustainable GRC infrastructure, coupled with localized service and expertise, is why organizations across industries, including banking and financial services, continue to choose MetricStream solutions.

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).

Press contact

Sonia Sharma : pr@metricstream.com | India: +91 98450-19197

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