RIYADH, Saudi Arabia and DEN BOSCH, Netherlands, Dec. 16, 2013 (GLOBE NEWSWIRE) -- BWise, a subsidiary of NASDAQ OMX and the leading provider of enterprise Governance, Risk Management and Compliance (eGRC) software, co-hosted a Round Table with its business partner Atheeb NetSol Saudi Company Limited December 3rd in Riyadh. Industry experts exchanged best practices, practical advice and experiences about GRC implementations.
The Round Table brought more than 30 thought leaders and business executives from the region together for discussions on the top risks and challenges organizations are facing in today's ever changing regulatory business environment. BWise presented best practices on how to manage Governance, Risk Management and Compliance (GRC) activities in an integrated manner to reduce the costs and burden of compliance and increase transparency while managing company risks. BWise also shared other GRC best practices, trends, and implementation strategies.
"Based on our current customer base and the high turnout at this GRC Round Table, we see the GRC industry in the Kingdom of Saudi Arabia as a quickly maturing and fast growing market. Saudi Arabian companies are adopting and creating industry best practices using sophisticated GRC technologies that enable them to gain more control over their key organizational, financial, and IT risks. It was a pleasure to interact with an audience of senior executives in Internal Audit, Risk Management, Internal Control, Compliance and IT GRC from leading enterprises in financial services and other industries. Our local partner ANSCL created an excellent opportunity for networking and idea sharing at this well-organized event. Together we will continue to support the KSA marketplace in mutually servicing and supporting our customers and expanding our client base," said Rob van Straten, Senior Vice President, BWise.
"This has been an immensely successful event. Under an increasingly demanding regulatory environment, the dynamic business sector of KSA is keenly looking for a solution to their imminent GRC needs; ANSCL and BWise will continue to invest and work together to meet this need," said Zahid Mirza, Chief Executive Officer, Atheeb Netsol Saudi Company Limited.
About Atheeb NetSol
Atheeb NetSol Saudi Company Limited is a Joint Venture between the Atheeb Group, a large business conglomerate based in the Kingdom of Saudi Arabia, and NetSol Technologies, Inc. (Nasdaq:NTWK), a US multinational company providing IT solutions and services to global customers. It combines Atheeb Group's significant and diversified presence in the Middle East with NetSol's mature and highly skilled IT delivery capability and global footprint.
ANSCL combines its in-depth domain expertise with its offshore development strength, to deliver world class IT services and solutions that are most cost effective for its customers in different sectors, from industries including finance, insurance, banking, telecom, health, government, defense and manufacturing. For more information, visit http://www.atheebnetsol.com.
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, AG2R La Mondiale, Ahold, AngloGold Ashanti, Carnegie, Health Alliance Plan (HAP) of Michigan, 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)
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