BANGKOK, Thailand and 'S-HERTOGENBOSCH, Netherlands, Sept. 3, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) software, today announced that it has been selected by Siam Commercial Bank (SCB), Thailand's third largest commercial bank, to deliver and implement the BWise eGRC platform to support SCB with the automation and integration of their initiatives for Internal Audit, Risk Management, Business Continuity Management and Compliance.
"We are very proud to have been selected by SCB to support their 'GRC Journey,'" said Sebe Gerritsen, Regional Director Asia, BWise. "Their integrated approach towards Internal Audit, Risk Management, Compliance and Business Continuity Management is mature and sophisticated and requires a robust but flexible eGRC software platform. Our global expertise and many years of experience in deploying eGRC software in banking, combined with our local presence through our competent Thai partner Yip in Tsoi, allow us to provide SCB with a first-class GRC solution."
"With its strong expertise, we believe BWise will be able to provide a truly integrated, out-of-the-box but very flexible platform which can be configured to fit our specific needs and to also enhance our Internal Audit, Risk Management, Compliance and Business Continuity Management platform efficiency," said Dr. Ellen Nora Ryan, Head of Market and Operational Risk, Risk Management Group, SCB.
"Large financial institutions and enterprises in Southeast Asia are now faced with a highly regulated environment combined with local standards," said Rob Van Straten, Senior Vice President, BWise. "Our commitment to the region is underscored by the recent opening of our Bangkok office to deliver our integrated GRC approach to customers to efficiently achieve compliance and control over their financial and reputational risks. SCB is our second banking customer in Thailand and we expect to initiate more Asian projects in the near future."
NDAQG
About Siam Commercial Bank
Siam Commercial Bank PCL is one of Thailand's leading universal banks. Established by Royal Charter in 1906 as the first Thai bank, it has the highest market capitalization among Thai financial institutions as of June 30, 2013 (Baht 584.6 billion). It offers the nation's largest network of branches (1,154), exchange booths (108), and ATMs (8,872), attesting to its dominant positions in the retail financial service marketplace. Its clientele includes a diverse range of corporate, SME, private, and retail customers nationwide. The Bank's total asset size is Baht 2,441.3 billion as of June 30, 2013. Further information is available on the Bank's website at www.scb.co.th
About BWise
BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, the BWise® GRC platform provides companies with highly-rated, proven software solutions for Risk Management, Internal Control, Internal Audit, Compliance & Policy Management, IT GRC and Sustainability Performance Management.
BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more.
BWise sales, service and support offices around the globe provide for the GRC needs of hundreds of clients, including: adidas, AEGON, Ahold, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For more information, visit www.bwise.com. Follow us on LinkedIn, Facebook and Twitter
About NASDAQ OMX
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)