FixNix Blog

Misys Increases Its Dominance in the 2014 Risk Technology Rankings As the Overall Winner in Enterprise-wide Risk Management

Dec 8, 2014 1:30:56 AM / by Shanmugavel Sankaran posted in fixnix, FixNix GRC, Governance, grc, incident management, Misys, Risk Management, asset management, audit management, BCM, Blog, compliance, policy management, risk

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Misys Overall winner for market, credit, counterparty, liquidity, aggregation and Basel III and first place in eight other categories

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The seven deadly sins that lead to an Oracle audit

Dec 5, 2014 3:32:29 AM / by Shanmugavel Sankaran posted in fixnix, FixNix GRC, Governance, incident management, Risk Management, asset management, audit management, Blog, compliance, oracle, policy management, risk

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Oracle is notorious for its confusing licensing policy. Robert Sheldon presents seven behaviors that can lead to an Oracle audit and costly audit fees.

Oracle's licensing policies are notoriously vague and confusing. One misstep and you can end up owing thousands of dollars in audit fees. Yet Oracle software, with its dazzling array of management packs and pre-installed options, is easy to misuse; so easy in fact that you could find yourself out of compliance and sailing the piracy high seas before you can say "Black Bart."

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A Sneak Peek Into Information Governance's Future

Dec 3, 2014 11:48:58 PM / by Shanmugavel Sankaran posted in fixnix, Governance, incident management, Risk Management, asset management, audit management, BCM, Blog, compliance, risk

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Information governance is slowly moving beyond its traditional image as a center of risks and costs as it evolves into a technology practice that delivers added value for companies.

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Riskonnect Honoured by CIR for Best Risk Management Product of the Year

Dec 2, 2014 11:38:25 PM / by Shanmugavel Sankaran posted in fixnix, Governance, incident management, Risk Management, riskonnect, asset management, audit management, BCM, Blog, CIR, CIR Risk Management Awards, compliance, risk

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5th Annual CIR Risk Management Awards Continuity, Insurance and Risk Magazine (CIR Magazine), essential reading for the risk management, business continuity, and commercial insurance markets, recognized Riskonnect GRC as the Best Risk Management Product of the Year at their awards ceremony, held 13th November in Mayfair, London. Judged by an independent panel of experts for exceptional performance, the awards provide an opportunity for organisations and individuals to showcase their best products, projects, and people.

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SureClinical Wins FDA Part 11 and EC Annex 11 Compliance Validation

Dec 1, 2014 11:54:19 PM / by Shanmugavel Sankaran posted in FixNix GRC, Governance, incident management, Risk Management, Sure Clinical, asset management, audit management, BCM, Blog, cloud GRC, compliance, policy management, risk

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SureClinical, a global provider of cloud-based content management application software and services for health sciences, announced today that it has successfully completed an independent FDA 21 CFR Part 11 and European Commission Annex 11 compliance audit of its SureClinical® eTMF Cloud eTMF clinical trials content management application. The audit opinion letter is freely available to prospective SureClinical customers at http://www.sureclinical.com/sureclinical-etmf-compliance-2014/

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SAS Supports Jordan Islamic Bank with Risk Management Solutions

Dec 1, 2014 6:12:23 AM / by Shanmugavel Sankaran posted in FixNix GRC, Fraud and Financial Crimes Management, Governance, jordan islamic bank, Risk Management, SAS, asset management, audit management, BCM, Blog, compliance, risk

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SAS joins forces with Jordan Islamic Bank for Enterprise GRC, Anti-Money Laundering and FATCA services
Dubai, United Arab Emirates - SAS, the leader in business analytics software and services, announced today the signing of a strategic collaboration with Jordan Islamic Bank to provide the bank Enterprise Governance, Risk and Compliance (EGRC), Anti-Money Laundering (AML) and Foreign Account Tax Compliance Act (FATCA) solutions. SAS solutions enable the bank to meet the increasing demand of compliance requirements.

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e4 wins at 2014 Southern Africa Compliance Awards

Dec 1, 2014 12:48:03 AM / by Shanmugavel Sankaran posted in FixNix GRC, FixNix GRC cloud, Governance, incident management, Risk Management, african compliance awards, asset management, audit management, BCM, Best GRC Solution Provider, Blog, compliance, e4, risk

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Technology solutions powerhouse e4 Strategic has been identified as the "Best GRC Solution Provider" in southern Africa, having won the award at the prestigious 2014 Southern Africa Compliance Awards at a ceremony at Monte Casino on 18 November.

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Petrobras agrees to appoint a “governance, risk management and compliance” director

Nov 28, 2014 11:03:02 PM / by Shanmugavel Sankaran posted in fixnix, FixNix cloud GRC, Governance, Risk Management, asset management, audit management, BCM, Blog, compliance, petrobas, risk

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Brazil's oil and gas giant Petrobras (and currently immersed in a major corruption scandal) has decided the appointment of a director of governance, risk management and compliance mainly to ensure risk mitigation and ensure the repeat of situations of fraud and corruption, according to a release from the corporation.

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McGinley signs deal with FMG

Nov 27, 2014 11:09:29 PM / by Shanmugavel Sankaran posted in FixNix GRC, FixNix Incident management, FMG, Governance, incident management, McGinley, Risk Management, asset management, audit management, Blog, compliance, risk

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McGinley Support Services has signed a significant five-year deal with incident management specialist FMG.

The contract includes provision of end-to-end incident and roadside recovery management, coupled with FMG’s incident prevention service; including their Ingenium Dynamics driver behaviour telemetry.

Covering over 400 minibuses, vans and company cars nationwide, the deal was put in place after a successful initial trial of FMG’s solutions, which revealed around £1million of potential savings across the life of the contract.

Andy Saunders, fleet manager at McGinley Support Services, said: “With the recent introduction of FMG’s full suite of services we are confident we will see a reduction in incident rates, fuel bills and carbon emissions, whilst avoiding increases in insurance premiums.

“On occasions when incidents do still occur, we know we can rely on FMG’s proven expertise to look after our drivers and get vehicles back on the road quickly, with a quality repair at the right price.”

Harvey Stead at FMG said: “We are committed to providing intelligent solutions for every client and when McGinley came to us with a very specific set of requirements, we naturally tailored our services to fit.

“As a business which has a large number of multiple passenger vehicles, such as minibuses; safety and incident reduction is a key focus for McGinley and we are looking forward to working with them to deliver a safe and efficient fleet operation.”

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SAS selected to enhance data analysis, risk management

Nov 24, 2014 1:08:53 AM / by Shanmugavel Sankaran posted in fixnix, Governance, Risk Management, SAS, Aegon, asset management, audit management, Blog, compliance, risk

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SAS has secured a contract in Ireland to provide its data management and reporting technology to assist financial services and fund management firm Aegon with its data analysis and, at the same time, satisfy industry regulatory requirements.

The deployment from SAS - the largest independent vendor in the business intelligence market - sees Aegon, part of the Aegon Group, implement SAS solutions to help it improve processes throughout the data life cycle – from source to report.

According to Aegon’s Director of Reporting, Tadhg Clandillon, the company wants to improve data processes “so that we can provide reporting data more cost effectively whilst retaining robust standards that are transparent to all stakeholders.”

“Opting to work with SAS on this project was a decision made easier by their ability to track data all the way from start to finish, report on that data in the standard formats and give us the ability to investigate our data to support business decisions.”

Aegon Ireland has provided offshore investment solutions since 2002 and currently manages assets of over £4 billion for its 20,000 customers across the UK, Germany and France.

John Farrelly, SAS Regional Director, said “We're delighted Aegon Ireland has decided to use SAS to improve the financial reporting process. Being able to trust the data you are reporting on is critical to any business, especially when you have regulatory stakeholders.

“In the information economy it’s crucial that businesses like Aegon Ireland are able to properly collect and analyse data that will help with new regulations and compliance while improving risk management decisions across the business.”

Farrelly said that, like many financial services organisations, Aegon needs to comply with the Solvency II Directive that requires insurers to demonstrate they have enough capital to remain solvent and have effective risk management systems in place.

According to Farrelly, while faced with an array of requirements under Solvency II, it is also an opportunity for insurers to invest in staff and technology with a long-term strategy that brings benefits to the business over and above compliance.

Farrelly said SAS solutions deployed by Aegon Ireland are:

• SAS Risk Management for Insurance implements the Solvency II standard model approach for calculating risk-based capital with a comprehensive solution for performing risk analysis and risk-based capital calculations. It is built on a robust data management and reporting platform that includes an insurance-specific data model for complex risk analytics.

• SAS Visual Anayltics which is part of SAS’ suite of high-performance analytics solutions, enables organisations to easily map out and understand analytic insights and share those with employees and customers across an organisation. It delivers rapid in-memory analysis and interactive dashboards for reporting in-depth data visualisation.

• SAS Data Management is an industry-leading solution built on a data quality platform that helps you improve, integrate and govern your data. No matter where data is stored – from legacy systems to Hadoop – SAS Data Management helps you access the data you need. It is also integrated, so all components – from data quality to data federation technology – are part of the same architecture.

source : itwire.com

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