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DGAP-News: Siam Commercial Bank Selects NASDAQ OMX'S BWise to Enhance their Internal Audit, Risk Management, Compliance and



DGAP-News: Siam Commercial Bank Selects NASDAQ OMX'S BWise to Enhance their 
Internal Audit, Risk Management, Compliance and Business Continuity Management

BWise 

03.09.2013 10:01
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BANGKOK, Thailand and 'S-HERTOGENBOSCH, Netherlands, 2013-09-03 10:00 CEST
(GLOBE NEWSWIRE) --
BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management
and Compliance (GRC) software, today announced that it has been selected by
Siam Commercial Bank (SCB), Thailand's third largest commercial bank, to
deliver and implement the BWise eGRC platform to support SCB with the
automation and integration of their initiatives for Internal Audit, Risk
Management, Business Continuity Management and Compliance. 

'We are very proud to have been selected by SCB to support their 'GRC
Journey,'' said Sebe Gerritsen, Regional Director Asia, BWise. 'Their
integrated approach towards Internal Audit, Risk Management, Compliance and
Business Continuity Management is mature and sophisticated and requires a
robust but flexible eGRC software platform. Our global expertise and many years
of experience in deploying eGRC software in banking, combined with our local
presence through our competent Thai partner Yip in Tsoi, allow us to provide
SCB with a first-class GRC solution.' 

'With its strong expertise, we believe BWise will be able to provide a truly
integrated, out-of-the-box but very flexible platform which can be configured
to fit our specific needs and to also enhance our Internal Audit, Risk
Management, Compliance and Business Continuity Management platform efficiency,'
said Dr. Ellen Nora Ryan, Head of Market and Operational Risk, Risk Management
Group, SCB. 

'Large financial institutions and enterprises in Southeast Asia are now faced
with a highly regulated environment combined with local standards,' said Rob
Van Straten, Senior Vice President, BWise. 'Our commitment to the region is
underscored by the recent opening of our Bangkok office to deliver our
integrated GRC approach to customers to efficiently achieve compliance and
control over their financial and reputational risks. SCB is our second banking
customer in Thailand and we expect to initiate more Asian projects in the near
future.' 

NDAQG

About Siam Commercial Bank

Siam Commercial Bank PCL is one of Thailand's leading universal banks.
Established by Royal Charter in 1906 as the first Thai bank, it has the highest
market capitalization among Thai financial institutions as of June 30, 2013
(Baht 584.6 billion). It offers the nation's largest network of branches
(1,154), exchange booths (108), and ATMs (8,872), attesting to its dominant
positions in the retail financial service marketplace. Its clientele includes a
diverse range of corporate, SME, private, and retail customers nationwide. The
Bank's total asset size is Baht 2,441.3 billion as of June 30, 2013. Further
information is available on the Bank's website at www.scb.co.th 

About BWise

BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk
Management and Compliance (GRC) software. Based on a strong heritage in
business process management, the BWise(r) GRC platform provides companies with
highly-rated, proven software solutions for Risk Management, Internal Control,
Internal Audit, Compliance & Policy Management, IT GRC and Sustainability
Performance Management. 

BWise's end-to-end solutions support an organization's ability to understand,
track, measure, and manage key organizational risks. 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. 

BWise sales, service and support offices around the globe provide for the GRC
needs of hundreds of clients, including: adidas, AEGON, Ahold, AngloGold
Ashanti, Connexxion, Health Alliance Plan (HAP) of Michigan, LeapFrog,
Liebherr, Marathon Oil, Southern Company, Swiss Life, and Transcontinental. For
more information, visit www.bwise.com. Follow us on LinkedIn, Facebook and
Twitter 

About NASDAQ OMX

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.999%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500) 


         BWise, a NASDAQ OMX company
         Maddy van den Berg
         Marketing Manager
         +31 73 6464 915
         madeleine.vandenberg@bwise.com
         www.bwise.com
         
         NASDAQ OMX
         Ryan Wells
         Director, Corporate Communications
         ryan.wells@nasdaqomx.com
         212-231-5541
         www.nasdaqomx.com
         
         Siam Commercial Bank
         Nantawan Kijthanacharoen
         Senior Vice President, Corporate Branding and Communications
         nantawan.kijthanacharoen@scb.co.th
         +662 544 3388
         www.scb.co.th
News Source: NASDAQ OMX



03.09.2013 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      BWise
              
               
              United States
Phone:        
Fax:          
E-mail:       
Internet:     
WKN:          
 
End of Announcement                             DGAP News-Service
 
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