October 14, 2014 | Palo Alto, California: MetricStream, the market leader in Governance, Risk, and Compliance (GRC) Management solutions, will co-host the Operational Risk Management (ORM) Forum for Banks with ECCI. The event will be in held in Makati City, Philippines on October 14th, 2014.

In the wake of mounting pressure from regulations, slower economic growth, rising customer demands, new concerns over data security, and increasing operational risks, the Asian banking industry must adopt innovative and advanced solutions to overcome challenges facing their business. Lack of awareness and oversight has led to the downfall of many financial institutions in the past. In order to stay ahead of rising competition, and to achieve strategic business objectives, banks must implement a robust ORM framework to efficiently manage current issues, concerns, and potential risks. Establishing a technology-enabled ORM program can provide senior management and risk and security officers with a greater level of insight and awareness about prevailing and potential risks. It can also help facilitate the timely identification, assessment, monitoring and mitigation of risks.

The Operational Risk Management (ORM) Forum for Banks will feature noted executives and subject-matter experts from across the banking industry, who will convene at the event to share their views on key concerns impacting financial organizations, and best practices for successful ORM program implementation. Participants at this event will have an exclusive chance to meet and network with their industry peers from banks and financial services institutions across the region.

MetricStream’s Operational Risk Management solutions help organizations effectively assess and manage operational risks, define controls, manage a wide variety of audit-related activities, and develop remediation plans. MetricStream solutions, which won accolades as ‘Top Ranked GRC Offering – 2014,’ offer sophisticated features such as role-based dashboards, scorecards, and control diagrams to provide a greater level of visibility into ORM activities and high-profile risk areas.

To learn more about the event, please  click here.

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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