BANGALORE and WARREN, New Jersey, September 14, 2015 /PRNewswire/ --
Strategic Alliance to Support Multiple Regulations Through Cloud-based Solutions
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."
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 http://www.ComplianceOnline.com portal - the largest GRC advisory network and one of the largest GRC communities. MetricStream is headquartered in Palo Alto, California, USA (http://www.metricstream.com).
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 http://www.mindtree.com to learn more.
For more information, contact:
+91 98867 29295
+91 99863 62435
+44 0 207 300 6181
Max Borges Agency
+1 415 548 6850
Ayushman Baruah (India office)
MetricStream Infotech India Pvt. Ltd.
India: +91 98869-02512
Molly Palm (US office)
US: +1 (925) 451-1468