Reveleus Unveils the First Governance, Risk and Compliance Framework for the Financial Services Industry.GRC GRC Greece (ISO Country code) GRC Glenn Research Center (NASA) GRC Governance, Risk and Compliance GRC Gendarmerie Royale du Canada (RCMP - Canada) GRC John H. Framework Enables Customers to Implement a Governance Structure, Manage Risk & "Future-proof" Compliance Spend on Current, Future Regulations NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Reveleus[TM], a business of i-flex([R]) solutions (Reuters: IFLX.BO & IFLX.NS) and a leading global provider of analytical applications for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry today announced the availability of the Reveleus Governance, Risk and Compliance (GRC) framework, a comprehensive approach to implement a governance structure, manage enterprise risk, and enable regulatory compliance. This framework brings together a direct measurement and surveillance capability unique to the financial services industry with the more traditional Risk & Control Self Assessment approach. With the Reveleus GRC framework, financial institutions will gain a higher degree of operational insight and improve business performance by avoiding the traditional "band-aid" approach. A comprehensive GRC framework solves two pressing risk and compliance challenges faced by financial institutions worldwide - "hidden costs" of multiple systems and the duplication of processes that are not only expensive to maintain, but also hinder the ability to holistically manage the impact of external and internal risk and compliance events. "With a financial services industry focus, our GRC Framework and GRC Solutions Experts fill an important gap in the current market. It empowers executive management with a process oriented approach that ensures compliance with multiple regulations and better measurement of risk," said S. Ramakrishnan, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Reveleus and Mantas. "Our solutions go beyond the 'now' such as MiFID in the EU, Reg NMS See NetWare Management System. in the US and Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations globally and work well into the future because we have the proven ability to help financial services clients adapt to both the internal and external drivers of change." Reveleus' leadership in Enterprise Risk Management & Compliance combined with Mantas' industry-leading behavior detection platform offers the ideal framework to "future-proof" financial institutions allowing them to address governance, risk and compliance through a single platform. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2006 Forrester Report - Overcoming Risk and Compliance Myopia myopia: see nearsightedness. (I), the GRC software platform market has grown from $85 million in 2002 to $590 million today, and Forrester projects that it will expand to $1.3 billion by 2011. About Reveleus Reveleus is a global provider of analytical applications for the financial services industry covering risk management, customer insight, and enterprise financial performance. Reveleus`pioneering Risk Analytics suite enables financial institutions to solve complex compliance and risk challenges such as multi-jurisdictional Basel II compliance and operational risk management. Reveleus is a business of i-flex solutions i-flex solutions limited (Reuters: IFLX.BO and IFLX.NS), majority owned by Oracle, provides IT solutions to the banking industry. It claims more than 765 customers in over 130 countries. , which has delivered award-winning IT services to over 720 financial institutions in over 120 countries. For more information, please visit: www.reveleus.com About i-flex solutions i-flex([R]) solutions (Reuters: IFLX.BO & IFLX.NS) is a world leader in providing IT solutions to the financial services industry, with more than 720 customers in over 120 countries. i-flex's range of products, custom solutions and consulting services enable financial institutions to cut costs, respond rapidly to market needs, enhance customer service levels and mitigate risk. Oracle holds a majority stake in i-flex solutions. This strategic relationship provides financial institutions around the world with an unmatched, comprehensive and integrated suite of solutions. For information, please visit: www.iflexsolutions.com (I)Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
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