Financial Services
Financial services firms must manage and mitigate multiple regulations as a result of the changing demands of stakeholders, such as shareholders, regulatord and credit rating agencies. The financial services sector was among the first industries that realized the importance of risk management. Being “in control” of their enterprise's risk management and regulatory compliance is essential for the survival of a banking or insurance company in today’s dynamic economic climate.
Converged approach for more transperancy
More and more financial service organizations are using BWise to manage and mitigate compliance with financial regulations and serve stakeholders with more transparent insight into its operations. BWise is used to assess and analyze risk as part of the corporation’s risk management diligence, and administer governance programs such as corporate policies and procedures, and legal and entity management.
Mitigate Industry specific internal control regulations
Internal control regulations such as Sarbanes-Oxley in the United States and Bill 198 in Canada are being managed by our clients. On Web TV and in our reference cases you can watch and read how our customers manage other industry specific regulations such as Basel II for European banks and the insurance regulations NAIC Model Audit Rule in the United States or Solvency II in Europe.
Benefits for financial services using an integrated solution
With the BWise integrated platform for ERM and GRC, clients are able to turn the burdens of compliance, risk management and corporate governance into a strong driver for compliance cost reduction, sound risk management and process optimization.
