Reveleus Unveils GRC Framework For Financial Services Industry

i-flex’s Reveleus business division which provides analytical applications for the financial services industry has announced the availability of the Reveleus Governance, Risk and Compliance (GRC) framework.

The framework brings together a direct measurement and surveillance capability for the financial services industry and claims to a comprehensive approach to implement governance structure, manage enterprise risk, and enable regulatory compliance.

According to the vendor, by using the Reveleus GRC framework, financial institutions will gain a higher degree of operational insight and improve business performance. The 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.

Commenting on the launch, S. Ramakrishnan, CEO of Reveleus and Mantas said, “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.”

“Our solutions go beyond the ’now’ such as MiFID in the EU, Reg NMS in the US and Basel II 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,” Ramakrishnan added.