ATB Financial Chooses MetricStream’s Integrated GRC Solution
Posted: 19 May 2017 | Source: MetricStream
Alberta-based Crown corporation, ATB Financial, has chosen MetricStream, the independent market leader in Governance, Risk, Compliance (GRC) Apps and Solutions, to provide an integrated GRC solution for operational risk management, internal audit management, regulatory compliance, regulatory change management, internal controls over financial reporting compliance management, and case management. The solution will bring together these processes on a common platform, making them easier to manage and track. It will also streamline workflows, improve collaboration across teams, and optimize reporting and visibility.
Owned by the Province of Alberta, ATB Financial is the largest Alberta-based financial institution with assets of $46.8 billion. Through a network of over 5,000 team members, ATB Financial serves more than 730,000 customers in 244 communities.
“While we have effective processes in place to manage our risks and compliance, we were looking for a common platform that would tie all those processes together, and provide a consolidated view of GRC,” said ATB Financial in a statement. “We chose MetricStream because of the extensive range and depth of their platform, apps, and solutions which will accelerate our journey towards integrated GRC. Moreover, as our GRC requirements evolve and grow, we can easily extend the platform to address our needs.”
ATB Financial will leverage the MetricStream GRC Solution to address multiple requirements. The solution will help the company identify, assess, manage, and mitigate operational risks in a systematic and consistent manner. It will also simplify compliance with various regulations, while strengthening internal control testing and monitoring. Any regulatory changes that arise will be tracked, managed, and implemented through the solution. Using a streamlined approach, the solution will improve internal audit efficiency and productivity. In addition, it will help capture, investigate, resolve, and report cases.
“We are delighted to have ATB Financial as a client,” said Gaurav Kapoor, COO at MetricStream. He continued, “Today, there is an increasing amount of pressure on organizations in the financial sector to anticipate and mitigate risks, while keeping pace with regulatory changes and compliance requirements. MetricStream apps and solutions make GRC simple through better automation, better collaboration, and better integration. We are pleased to see some of the largest and most reputed financial institutions in Canada as our customers.”