Mindtree has partnered with MetricStream, the market leader in Governance, Risk & 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 & 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.
About MetricStream
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. For more information please visit MetricStream