Thrivent Financial for Lutherans Selects BWise for Internal Audit and Enterprise Risk Management

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NEW YORK, MINNEAPOLIS and DEN BOSCH, Netherlands, Oct. 9, 2013 (GLOBE NEWSWIRE) -- BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) enterprise software, today announced it was selected by Thrivent Financial for Lutherans as their internal audit, enterprise risk management, internal control over financial compliance (ICFR) and regulatory compliance provider. Thrivent, a faith-based, Fortune 500 financial services membership organization with nearly 2.5 million members, selected BWise to streamline its internal audit, ICFR and risk management processes.

Thrivent chose the BWise solution due to its ease of use, capabilities, and the BWise reputation as a respected and well-known provider of integrated GRC software to track, measure and manage key organizational risks, including the risk of non-compliance. By using BWise, Thrivent will have a single risk framework and risk language throughout the company. This will enable Thrivent to conduct risk assessments and ultimately manage risks more efficiently and effectively. It will also support Thrivent's audit process from end-to-end, offer GRC reports to the entire organization, save costs and create greater transparency.

Robert Pijselman, BWise CEO commented, "Our portfolio of customers in the financial industry is growing and we are particularly pleased to welcome Thrivent as a BWise customer. The amount of regulatory compliance requirements, auditable recordkeeping and reporting demands can be very taxing for a bank or financial institution in today's marketplace. BWise integrates the information gathering required to comply with these requirements in a centralized depository and provides for efficient reporting. It also allows each customer to keep a close watch of their appetite for risks and managing them."

BWise was recently acquired by NASDAQ OMX and is an integrated part of a suite of intelligence, communications, and governance software solutions that help public and private companies minimize risk, maximize efficiency and increase transparency.

For more information about BWise, contact us at www.bwise.com.

About BWise

BWise, a NASDAQ OMX Company is the global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, BWise delivers a truly integrated and proven GRC platform.

With this platform, BWise supports an organization's ability to track, measure, and manage key organizational risks in one integrated system. By doing so, BWise helps customers to truly be in control by sustainably balancing their performance and financial and reputational risks. BWise enables customers to increase corporate accountability; strengthen financial, strategic and operational efficiencies, maximize performance, and better understand risks. Using BWise, organizations are able to comply with regulations such as Sarbanes-Oxley, ISAE3402/SAS-70, PCI, Solvency II, Basel II and III, Dodd-Frank, Anti Bribery Act, FCPA, ISO-standards, European Corporate Governance Codes and many more.

BWise provides for the GRC needs of hundreds of customers worldwide, across all industries. Customers include adidas, AEGON, Ahold, AngloGold Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog, Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. BWise has offices in the Netherlands, United States, Germany, Sweden, France, the United Kingdom and South Africa. For more information, visit www.bwise.com.

About Thrivent Financial for Lutherans

Thrivent Financial for Lutherans is a faith-based, Fortune 500 financial services membership organization helping its nearly 2.5 million members to be wise with money and to live generous lives. Thrivent Financial and its affiliates offer a broad range of financial products and services. As a not-for-profit organization, Thrivent Financial joins with its members to create and support national outreach programs and activities that help congregations, schools, charitable organizations and individuals in need. For more information, visit https://www.thrivent.com/.

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CONTACT: BWise, a NASDAQ OMX company Jane Westhoff Senior Director, Product Marketing +1 312 520-8631 Jane.Westhoff@bwise.com www.bwise.com

Source: BWise