Vidya Phalke CTO MetricStream, Inc.

MetricStream’s industry-leading GRC platform, which powers the GRC programs of some of the largest and most reputable financial  institutions worldwide, has been awarded the “GRC Platform of the Year”  at Risk.net’s 2013 Operational Risk & Regulation Awards.

“We are delighted to be recognized at the Operational Risk & Regulation  Awards,” said Vidyadhar Phalke, Chief Technology Officer at  MetricStream. “This award validates the strength and sophistication of  MetricStream GRC Platform in enabling financial institutions to build  better risk and compliance frameworks in order to manage ever evolving  regulatory and risk  management requirements. Today, our platform continues to grow, adding new capabilities for accessibility across tablets and smart  phones and functionalities for advanced analytics and statistical  modeling. We also ensure a low total-cost-of-ownership with our  cost-effective cloud hosting service models and expedited time to go-live.”
 
The 2013 Operational Risk & Regulation Awards come at a time when  financial institutions are increasing their focus on sustainable  mitigation strategies around operational risk, and are coping with  increased regulatory pressures, fines, and penalties for any deviations.  According to Risk.net, “Financial institutions are keen to avoid being  next into the headlines, leading to more focus and higher spending on  internal controls – and the same is even true in other sectors.” Many  large organizations are appointing Chief Risk and Compliance Officers,  while smaller organizations are taking advantage of cloud technologies  and subscription models to make their GRC programs more cost-effective,  reports Risk.net.
 
To help organizations successfully overcome these challenges and  optimize the value of their GRC programs, MetricStream provides a range  of products and solutions built on the scalable and extensible  MetricStream GRC Platform. The platform provides an enterprise-wide  framework to consolidate all GRC processes, requirements, and data in a  single point of reference. Through this centralized approach, the  platform facilitates collaboration and federated information-sharing  across all GRC participants and provides tools for gaining complete  visibility into risk and compliance across the enterprise. It enables  organizations to closely track incidents, loss events, and near misses,  and proactively use this information to strengthen GRC measures.
 
MetricStream GRC Platform has been consistently recognized by top analysts as  a market-leading GRC  technology. Its ability to map to complex organizational structures,  seamlessly aggregate massive volumes of data from enterprise systems,  and transform this data into actionable risk and compliance intelligence  have made it the GRC infrastructure of choice for a range of financial  institutions -- including large global banks, mid-sized community banks,  investment banks, insurance providers, asset management firms, federal  financial agencies, and clearing corporations.
 
MetricStream is a market leader in Enterprise-wide Governance, Risk,  Compliance (GRC) and Quality Management Solutions for global  corporations. MetricStream solutions are used by leading corporations  such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems,  Twitter, SanDisk, Cummins and Sonic Automotive in diverse industries  such as Financial Services, Healthcare, Life Sciences, Energy and  Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to  manage their risk management programs, quality processes, regulatory and  industry-mandated compliance and corporate governance initiatives, as  well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and has  European offices in London, Paris, Basel and Milan.