NEW YORK and DEN BOSCH, Netherlands, Dec. 19, 2014 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced today that it has been positioned as a Leader for its BWise solution, a global leader in Governance, Risk Management and Compliance (GRC) software, in Gartner's first Magic Quadrant for Operational Risk Management Report by John A. Wheeler and Paul E. Proctor, published on December 15, 2014. Seventeen companies across the globe were evaluated and positioned in the report based on their "completeness of vision" and "ability to execute."
The Gartner Magic Quadrant report states, "Operational risk management (ORM) is part of a growing category of corporate governance, risk and compliance (GRC) software applications that is focused on supporting more formal ORM practices as a key component of a broader enterprise risk management (ERM) program."
"We are pleased that Gartner has recognized Nasdaq as a leader for its BWise solution for operational risk management capabilities," said Peter de Verdier, Vice President, Market Technology, Nasdaq. "BWise is the corner stone of Nasdaq's GRC offerings, supporting both private and listed companies to manage governance, risk and compliance issues. We believe in the GRC market and we will continue to invest in this space."
The report states, "By providing a better understanding of the risks to business objectives, ORM enables better business performance and capital allocation. ORM applications also help companies address the increasing pressure from regulators to improve the risk reporting in annual reports, and to improve the board of directors' role in enterprise wide ORM oversight."
"Working with clients in the financial sector over the past twenty years has allowed us to understand their processes and requirements, enabling us to further develop our enterprise GRC platform to encompass an operational risk management solution," said Luc Brandts, Head of R&D and Strategy, BWise. "Companies often come to us looking for an ORM solution as a starting point and then add on additional solutions, utilizing the platform for a single risk language throughout the entire organization. We are proud to be recognized by Gartner as one of the leaders in the Magic Quadrant for Operational Risk Management."
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner Research "Magic Quadrant for Operational Risk Management" by John A. Wheeler and Paul E. Proctor, December 15, 2014.
BWise, a Nasdaq company, is a global leader in Enterprise Governance, Risk Management and Compliance (GRC) software. Based on a strong heritage in business process management, the BWise® GRC Platform provides companies with highly-rated, proven software solutions for Risk Management, Internal Control, Internal Audit, Compliance & Policy Management, IT GRC and Sustainability Performance Management.
BWise's end-to-end solutions support an organization's ability to understand, track, measure, and manage key organizational risks. BWise helps companies truly be in control by balancing performance with their financial and reputational risks, improving corporate accountability, increasing financial, strategic and operating efficiencies. Using BWise, organizations are able to efficiently comply with anti-corruption regulations like FCPA and the UK Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes, ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank, ISO-standards, and many more.
BWise sales, service and support offices around the globe provide for the GRC needs of hundreds of leading companies worldwide. For more information, visit www.bwise.com.
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq home to more than 3,500 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
Source:The NASDAQ OMX Group, Inc.