Governance, Risk Management and Compliance
Today financial institutions are challenged to meet new levels of risk management and greater demands for compliance. To assist your firm in delivering necessary results in these areas, including fulfilling your Sarbanes-Oxley disclosure obligations, Microsoft provides a holistic approach that uses strong architecture and infrastructure. We work with leading partners who deliver solutions to address risk management and compliance needs. These solutions take advantage of our focus on strong infrastructure and reusable business components. They also use Microsoft's enterprise-ready products and technologies, and take advantage of the tight connection of the back-end to Microsoft's leadership in client devices.
Leveraging the Microsoft .NET Framework, this approach is designed specifically to enable financial firms to take full advantage of existing technology investments and infrastructure, including aligning their information technology (IT) with their business processes. This coordination not only provides a range of support for meeting your risk management and compliance obligations - it also aids your people in achieving critical business objectives such as improved customer satisfaction, greater operational efficiency, and enhanced competitiveness.
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Benefits
Solutions based on this approach can help provide your financial institution with the following benefits:
| • | Align IT and business processes to help enable simpler, faster, and more cost-effective execution of enterprise risk management and compliance initiatives. |
| • | Help your people identify, employ, and share best practices for risk management and compliance internally and externally. |
| • | Connect disparate systems to help give your people a holistic approach to achieving effective risk management and compliance. |
| • | Integrate with legacy systems, enabling you to leverage your existing technology investments. |
| • | Help ensure corporate rules are followed and help secure systems, documents, and records from unauthorized (or unintentional) access. Provide records to track who has and when people have accessed documents. |
| • | Simplify document management and help ensure that you comply with requirements on how you store, retrieve, archive, and dispose data. |
| • | Help support specific regulations including Sarbanes-Oxley (SOX), Know Your Customer (KYC) - Patriot Act, Basel II, SEC Rules 17a-3 & 17a-4, NASD 3110, Gramm-Leach Bliley Act (GLBA), and FFIEC. |
Partners
These partners are developing risk management and compliance solutions that use Microsoft technology. They include:
ember ec3 Inc.
ember.HeatShield is the leading Enterprise Risk + Compliance Management (ERM+C) solution that seamlessly integrates with the Microsoft Office Suite. .HeatShield reduces the risk, cost and complexity of managing the growing regulatory burden while driving efficiency gains and leveraging existing technology investments. .HeatShield can be implemented for large-scale, worldwide, multi-regulation challenges or for specific, discrete departmental needs with a "start small and grow" capability.
Fair Isaac Corporation
Fair Isaac Corporation is the leading provider of decision management solutions powered by advanced analytics. Fair Isaac solutions make mission critical business decisions that are more precise, consistent, and agile. Thousands of companies in more than 60 countries use Fair Isaac technology to acquire customers more efficiently, increase customer value and retention, reduce fraud and credit losses, lower operating costs, and enter new markets more profitably.
FinArch
The FinArch Financial Studio solution enables financial institutions to meet the demanding requirements of the Basel II Accord. Considering the changes Basel II proposes in terms of identifying, measuring, monitoring, and managing risk, financial institutions are facing a major regulatory overhaul. FinArch has built a solid reputation as a leading provider of financial reporting technology. It is on this basis that Microsoft and FinArch are well positioned to provide their customers with tremendous value to meet these demands and reduce regulatory capital requirements.
Fiserv
Fiserv, Inc. (NASDAQ:FISV) is the leading global provider of information management and electronic commerce systems for the financial services industry, driving innovation that transforms experiences for financial institutions and their customers. Ranked No. 1 on the FinTech 100 survey of top technology partners to the financial services industry, Fiserv celebrates its 25th year in 2009. Fiserv’s Fraud Risk AML is the industry leading anti-money laundering software solution that covers the full range of anti-money laundering processes and compliance practices – offering one fully-integrated solution for your financial institution.
Harland Financial Solutions
Harland Financial Solutions is a premier provider of credit risk management technology to financial institutions. Their CreditQuest product provides end-to-end credit management and portfolio risk analysis and brings origination, financial analysis, underwriting, documentation and executive reporting together in a collaborative, streamlined workflow. CreditQuest provides a complete risk management solution that is specifically designed to manage the complex requirements of commercial, small business, and retail lending.
Meridio
Meridio provides enterprise Document and Records Management (eDRM) software, engineered for Microsoft .NET platforms. Meridio enables enterprises to meet corporate governance needs including legislation, litigation, and business process optimization goals. Meridio with Microsoft provides complete lifecycle Enterprise Content Management (ECM), from document creation and modification, to record declaration, policy-driven retention, and finally disposal. The functionality is provided seamlessly through Microsoft Office System interfaces.
SunGard
SunGard provides a cost - effective, enterprise-wide transaction management solution that improves the operational processing in cash management, matching and reconciliation, exception management, and transaction research. With a concentrated effort in developing highly scalable solutions for the enterprise, and with their Microsoft partnership, SunGard is able to deploy multi-tier platforms for customers that scale up as volumes increase and scale out as users are added.
TAP Solutions, Inc.
TAP Solutions, Inc., provides high performance software tools for the acquisition, management, and application of market and reference data for financial services firms operating in Capital Markets. TAPMaster is a complete data management platform that empowers organizations ranging from boutique firms to global institutions to reduce operating costs, meet regulatory requirements, and generate new sources of revenue.
Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries.
Vhayu
Vhayu delivers the fastest, easiest-to-use, real-time solutions for the capture and high-speed analysis of massive amounts of streaming and historical data. Through its patented technology, the Vhayu Velocity market data analysis platform gives customers a significant competitive advantage by delivering the information needed to make trading decisions.
