FixNix, Most Innovative Product of the Year, NASSCOM DSCI and PwC

Objectives To promote innovative security products in the area of security and privacy of Innovators & Startups – Provide platform to the innovators & startups to assist them in visualizing and market their products. Providing platform to showcase their products. Assisting/Mentoring the best innovator/startup for pre-defined period. Assisting the companies to connect with VC. Evaluation Process Level I: DSCI and PwC will do first level of screening after receiving the…

Rivo Positions in Gartner Magic Quadrant for Operational Risk Management

Rivo today announced it has been named in its second Gartner Magic Quadrant report of 2014, recognized as a global player in Operational Risk Management (ORM). Rivo, the leader in enterprise software-as-a-service based safety, security, sustainability, supply chain and analytics solutions, today announced it has been named in its second Gartner Magic Quadrant report of 2014, recognised as a global player in Operational Risk Management* (ORM). On May 6th of…

4 Key Points: Internal Audit Versus Risk Management

There are gaps and different viewpoints on internal audit versus risk management. It begins by recognizing that there should be a relationship between the two areas. In theory, everyone in the company should be concerned with risk management, but not all support or plan risk management, unlike in internal auditing, says Jo Willaert, Corporate Risk Manager at Belgium’s Agfa-Gevaert Group. source : cfoinnovation.com  

Porto Seguro Begins GRC Journey With Nasdaq’s BWise

GRC Platform Enables Convergence of Key Risks in Internal Audit, Internal Control, Compliance and Operational Risk Management Nasdaq’s BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today that it has been selected by PortoSeguro, one of Brazil’s largest insurance companies, to help support its new business risk management process. Porto Seguro will use BWise for Internal Audit, Internal Control, Compliance and Operational Risk Management…

Audit and Risk Professionals Say Biggest Challenge is Communicating with Executives

The most widespread challenge facing audit, risk management and compliance professionals is putting their work into a context that speaks to executives. According to the 2014 GRC Technology Pulse Survey, conducted by ACL, the company that is transforming audit and risk, 42 percent of the more than 1,700 finance, audit, risk, and compliance professionals surveyed cited this issue as the largest obstacle they face today. One reason this remains a…

Enterprise Risk Management : 4 Predictions for 2015

The year 2014 has come and nearly gone, and it’s clear that enterprise risk management will not go quietly into the night. Following a 2013 that saw Edward Snowden NSA leaks, a Carnival Cruise line generator fire, and Target’s credit card heist (to name only a signature few), this year has proven to be no slouch: FINRA has disciplined thousands of companies with over $34 million in fines, Home Depot and…

Effective risk management key to corporate success

Firms win risk awards STRICT adherence to globally acceptable risk management strategies by organizations would facilitate a stress-free attainment of pre-set corporate objectives. Besides, pondering over the debilitating effects unprepared risks could exert on the survival of an organization, it behooves on managers to take risk management seriously. The Founder of the Nigerian Risk Awards and Chief Executive Officer of Conrad Clark Nigeria Limited, Joachim Adebayo Adenusi, made the remarks…

Meta Byte teams up with MetricStream in key deal

Meta Byte Technologies, a leading next-generation technology consulting company, has signed a partnership deal with MetricStream, a leader in governance, risk, and compliance (GRC) and quality management solutions. The deal is aimed at equipping Middle East-based organisations across industries with the most sophisticated risk, compliance, and quality management solutions, said a statement. The companies in the Middle East are currently facing an increasing volume, velocity, and variety of risks, mounting…

Ecuador-Based Banco Pichincha Chooses MetricStream GRC Cloud for Business Continuity Management

The largest private bank in Ecuador, Banco Pichincha, has selected MetricStream to provide a multi-lingual cloud-based solution for Business Continuity Management (BCM). MetricStream’s solution will help minimize the impact of business disruptions as well as aid in crisis and incident management planning by streamlining and automating the BCM lifecycle. It will also provide an integrated framework to collaboratively manage all BCM processes, including Business Impact Analysis (BIA), Business Continuity Planning…

Only 24% of top companies have risk management committees: Grant Thornton

The report finds that 77% of banking and financial services sector companies having a risk-management committee Only 24 of the top 100 Indian companies by market capitalization have formed risk management committees on their boards, according to the Governance Observer report from consulting firm Grant Thornton. While enterprise risk management was not mandatory according to the Companies Act of 1956, in the 2013 law, the board and audit committees have…