The financial services provider MidCountry Financial has revealed its choice of MetricStream’s GRC platform for risk management and compliance.
In opting for MetricStream, the firm hopes to strengthen regulatory compliance across the business. The GRC offering aims to help companies improve the way they combat financial risk by streamlining management processes and improving visibility. It does this by establishing a comprehensive risk register and common risk taxonomy, and by allowing companies to integrate external regulatory feeds as they happen, increasing the speed with which they can deal with changes.
“As our business continues to grow, it became imperative that we create a centralised and scalable risk management programme that streamlines all of our risk and compliance processes. A single, real-time view of risk data is critical to supporting sound and strategic decision-making,” said Sandra Laughlin, Chief Risk Officer at MidCountry Financial. “We selected MetricStream because of their domain expertise, as well as the robust yet highly flexible functionalities of the solution, which will be deployed quickly and seamlessly over the MetricStream cloud.”
Gaurav Kapoor, Chief Operating Officer at MetricStream, added: “We are pleased to have been selected by MidCountry Financial to enhance their risk management programme.”
“Mid-sized financial services institutions are under significant regulatory pressure to build stronger and more sophisticated risk management methods. Leading mid-sized financial institutions and community banks around the world are choosing MetricStream for our unique blend of world-class technology and content, which is based on industry best practices and standards such as COSO, COBIT, and ISO. MetricStream’s integrated GRC Platform is witnessing strong traction in the market, as validated not only by our customers, but also by leading analysts and financial services regulators.”
