NEW YORK, Jan. 07, 2016 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) has been positioned in the ‘Leaders’ Quadrant in Gartner’s December 2015 Magic Quadrant for Operational Risk Management Solutions for BWise, its leading Governance, Risk Management and Compliance (GRC) software.
The annual report evaluates the offerings of thirteen leading vendors in this space from around the globe. The companies were analyzed according to their ‘completeness of vision’ and ‘ability to execute’.
The Gartner Magic Quadrant report states, “GRC software solutions have matured and remain a top business priority for senior executives as we enter the new age of digital business.”
“We are delighted to have been positioned as a leader in the area of operational risk management,” said Peter de Verdier, Head of Nasdaq BWise. “Many of our customers view operational risk management as a cornerstone of their GRC strategy, and often a starting point for their GRC Journey. We have an outstanding track record when it comes to operational risk management projects in a variety of industries, including large institutions in major financial centers across the world.”
The report goes on to state: “The critical capabilities of ORM solutions center on providing business leaders with a more effective means of assessing risk and control effectiveness, identifying operation risk events, managing remediation efforts and quantifying the associated operational risk exposure across the enterprise.”
Rob van Straten, Global Head of Sales and Delivery, Nasdaq BWise, continued: “Our efforts to enrich the functionality of our software, together with our investment in delivery models, have resulted in a series of high quality implementations delivered on time and within budget. We see being in the highest position in the report for our ‘ability to execute’ as a testimonial of our customers’ satisfaction. This is particularly evident in seeing many of our customers expanding the BWise platform to other GRC areas such as Internal Audit, Compliance and Information Security.”
BWise is part of Nasdaq’s wider GRC offering designed to help organizations, public and private, improve their operational management. Thousands of users in virtually every industry rely on the BWise® GRC Platform to track, measure and manage their reputational and financial risks and support their GRC processes on a daily basis.
Notes to the editor
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.
About Nasdaq BWise
Nasdaq BWise 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, Information Security and Sustainability Performance Management.
BWise’s end-to-end solutions support an organization’s ability to understand, track, measure, and manage key organizational risks. Nasdaq 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.
Nasdaq 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, clearing, exchange technology, listing, 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 is home to more than 3,600 listed companies with a market value of approximately $9.6 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.