BM&FBOVESPA selects BWise for Internal Audit and Enterprise Risk Management
New York, NY, São Paulo, Brasil and ‘s-Hertogenbosch, Netherlands, December 19, 2012 – BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) software, announced today that it was selected by BM&FBOVESPA, the third largest exchange in the world in terms of market value. BWise supports the exchange with its internal audit and enterprise risk management processes. With a single risk framework and risk language throughout the company, BM&FBOVESPA is able to conduct assessments more efficiently, can offer GRC reports to the entire organization, save costs and create transparency in the company due to the reduction in the number of single solutions.
BM&FBOVESPA, created in 2008 through the integration of the Brazilian Mercantile & Futures Exchange (BM&F) and the São Paulo Stock Exchange (BOVESPA), selected BWise for internal audit and enterprise risk management. BM&FBOVESPA chose the BWise solution due to its 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. Another BWise client, NASDAQ OMX, the inventor of the electronic exchange, served as a key reference for BM&FBOVESPA.
Marcel Starink, Vice President of Sales, Latin America at BWise, said, “BM&FBOVESPA is an important customer for BWise. We appreciate the organization‘s professional view on operational risk and internal audit and are excited to present their project as a cornerstone reference in the Latin American market. We are keen on developing our presence in the financial and industrial sector in Brazil to help public and private companies minimize risk, maximize efficiency and increase transparency with a suite of governance, risk management and compliance solutions.”
BWise, recently acquired by NASDAQ OMX, is pleased with the increasing number of inquiries from Latin American companies and has noticed a trend in stock markets globally showing increasing interest in the BWise GRC software capabilities. As part of NASDAQ Corporate Solutions, the integrated BWise GRC platform supports C-level executives and boards to be in control on their financial and reputational risks while working more efficiently.
BWise is positioned in the Leaders Quadrant of the 2012 Magic Quadrant for Enterprise Governance, Risk and Compliance (GRC) Platforms.