Strategic alliance to support multiple regulations through cloud-based solutions
Bangalore (India) and Warren (NJ) – September 14, 2015 – Mindtree, a leading digital transformation and technology services company, today announced that it has partnered with MetricStream, the market leader in Governance, Risk, and Compliance (GRC), to help simplify regulatory compliance for financial firms. Mindtree will leverage MetricStream’s Zaplet, a cloud-based open platform to build, deploy and manage a variety of GRC applications for financial firms globally.
Mindtree’s expertise in the financial sector combined with MetricStream’s market leadership in the GRC domain will enable clients automate and manage regulatory processes from trade validations to tracking. Together, the companies will co-develop a comprehensive trade-reporting framework to support multiple regulations such as the Dodd Frank Act, the European Market Infrastructure Regulation Markets in Financial Instruments Directive, and the upcoming Markets in Financial Investments Regulation. This will enable financial institutions to reduce operational risks and avoid penalties levied for inaccurate reporting.
Kamran Ozair, Executive Vice President and Head of Banking, Financial Services and Insurance, Mindtree, said, “Increasing global commerce, digitization and fraud is putting tremendous compliance pressure on financial institutions. This partnership will allow us to provide robust compliance solutions and help clients simplify regulatory requirements and reduce associated expenses.”
Rajesh Raman, VP of Zaplet, MetricStream said, “In today’s environment, it has become imperative for financial institutions to have a robust compliance framework which enables them to operate efficiently and manage risks. MetricStream’s cloud-based Zaplet GRC platform provides such a framework and enables our partners to build solutions to meet these critical needs. We are extremely excited about our partnership with Mindtree.”
About MetricStream
MetricStream is the 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 UBS, Société Générale, 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).
About Mindtree
Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. “Born digital,” Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visit www.mindtree.com to learn more
Chawm, I expected a better job from you:
Dear Chawm Ganguly, you seem to be an experienced pro at writing. From your intro, it seems you are more than just a dabbler, having been there, done it, as you claim. So, I expected someone who likes to project himself abrasively to be more true to one’s self. Maybe you feel good to write about a nice sounding partnership between these two companies. But have you bothered to check out the egregiousness with which the Director at MetricStream’s backend office at Bangalore, Priyabrata Sahoo works?
There is no closer likeness of hell than this rotten scoundrel. He is the ultimate destroyer of the peace of mind of honest blokes like me, who had to quit this torture cell in search of a better living. Summon guts, Chawm. Write about the harsh realities like an honest journalist. That is what real journalism is, not attending denture-displaying launch functions and cozying up to bigwigs for a quote. Do a neat job, and I will be the first to laud your proclamations about your abilities.
this is a press release which was sent out by the company’s media handlers. I am not only uploading your comment, but am also marking a copy of the same to them.
So, the taunt has gone home, Chawm! Frankly, I did not expect a reply from you. That you have bothered to not only reply me, but also keep those folks in the loop shows you as one who has some moral courage, unlike the ones I complained about. I hope I didn’t rub you the wrong way.
Good going! I don’t expect any positive action from ComplianceOnline, but thanks to you, at least, the message is going out to them.
Schlosser
i had also marked a copy of your comment to the agency that had sent us the release with a request to forward the same to the client for their response. no replies on that front either. wish i could do more , but alas 🙁