Mindtree today announced that it has partnered with MetricStream to help simplify regulatory compliance for financial firms. Mindtree will leverage MetricStream Zaplet, a cloud-based open platform to build, deploy and manage a variety of GRC applications for financial firms globally.
Mindtree expertise in the financial sector combined with MetricStream market leadership in the GRC domain will enable clients automate and manage regulatory processes from trade validations to tracking. Together, the companies will co-develop a comprehensive trade-reporting framework to support multiple regulations such as the Dodd Frank Act, the European Market Infrastructure Regulation Markets in Financial Instruments Directive, and the upcoming Markets in Financial Investments Regulation. This will enable financial institutions to reduce operational risks and avoid penalties levied for inaccurate reporting.
Kamran Ozair, Executive Vice President and Head of Banking, Financial Services and Insurance, Mindtree, said “Increasing global commerce, digitization and fraud is putting tremendous compliance pressure on financial institutions. This partnership will allow us to provide robust compliance solutions and help clients simplify regulatory requirements and reduce associated expenses.”