2nd February 2015, London, UK. A leading European Financial Services Regulator has deployed the StratexPoint solution from StratexSystems to underpin its regulatory risk framework, as it seeks to enforce an intensive and intrusive supervisory approach in the wake of the 2008 credit crunch. The solution enables the regulator to deliver its statutory objectives, which are focused on maintaining the stability of the financial services sector, by supporting the supervisory activity across 30,000 regulated firms.
Read MorePress Release: UK Financial Services Regulator chooses StratexPoint as its regulatory risk management solution
StratexSystems’ software tool is set to take UK financial services industry to an improved level of maturity in risk management and strategy execution.
10th November 2014, London, UK. A UK Financial Services Regulator has deployed the StratexPoint solution from StratexSystems as an enterprise-wide Governance, Risk & Compliance (GRC) solution that underpins its regulatory risk framework. The software enables our client to deliver its statutory objectives, which are focused on maintaining the stability of the financial services sector by supporting the regulation of around 1,700 of the UK’s largest and most important financial services firms.
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StratexSystems announces impressive client wins in the first half of the year for its Enterprise Risk Management Solution
StratexSystems announces impressive client wins in the first half of the year for its Enterprise Risk Management Solution.
London, UK. July 5th, 2013 – StratexSystems announced today that it has seen a significant increase in the number of clients in the first half of 2013. Included within their recent client wins are two of Europe’s largest Central Banks/Financial Services regulators, one of the largest global asset management firms, six insurance companies as well as a FTSE100 defence company. Additionally, a number of organisations are piloting the StratexPoint solution, including their first firm in the water industry, whom has recently completed a pilot deployment with positive results.
The number of clients highlighted above is significant as it demonstrates that the StratexPoint solution has been adopted by a wider range of organisations and is being applied to address needs beyond Enterprise and Operational Risk Management in Banks.
Having two of Europe’s largest Central Banks/Financial Services regulators as StratexSystems clients can be seen as a strong validation of their solution’s integrated approach to strategy and risk management. Furthermore, gaining an asset management firm and several insurance companies into the fold reflects StratexSystems’ concerted efforts to acquire clients across the various facets of the financial services industry.
Additionally, wins within the defence and water industry reflect the success StratexSystems are having with building and expanding their partner channels.
Adoption by a defence company to use StratexSystems’ solution is of particular interest as StratexPoint was selected as the software platform to enable the deployment of a business-led, information asset-centric, enterprise-wide cyber security framework.
This builds on StratexPoint’s strength as an operational risk management tool and highlights the importance of cyber risk management as a critical component of an overall operational risk management framework and solution.
These client wins are the result of continued efforts to increase their profile through a co-ordinated sales & marketing approach. Included within the approach was an Executive Breakfast Briefing in the City [London] during which two existing clients, Aldermore Bank & HML presented their risk journey and experiences with StratexSystems. They are also finding success via their sponsorship of the Institute of Operational Risk (Scottish Chapter).
Andrew Smart, CEO, StratexSystems stated, "The first half of the year has seen our team and solution gain real traction and momentum. Our clients continue to face challenges around delivering their numbers in the face of higher capital charges and a wave of regulation. The introduction of a twin peaks regime has added to their challenges, with conduct risk being a new area where StratexPoint is helping.
Adding such important organisations to our client list is a strong endorsement of our solution and its on-going development in response to market and customer demands."
Guy Sutton, Sales Director, StratexSystems said, “We are extremely pleased with our successful start to 2013. With the success achieved to date and the momentum built, we are looking to make 2013 a break-through year, both for our business and for clients."
Ends
Notes to Editor
To interview a spokesperson, please contact: james.reeve@stratexsystems.com
For more information about StratexSystems visit: www.stratexsystems.com
About StratexSystems
StratexSystems is the only software company in the world to provide an integrated, Risk-based Performance solution powered by Microsoft's SharePoint platform.
Their goal is simple – to help businesses execute strategy while operating within their acceptable level of risk exposure.
About StratexPoint
StratexPoint is an integrated Strategy Execution and Risk Management solution built on the ubiquitous Microsoft SharePoint platform. With support for each of the three lines of defence; the solution is comprehensive in nature but modular in deployment, delivering a high ROI, high user adoption and high levels of assurance to your Board and Regulator(s) that you are operating within appetite.
StratexSystems Partners with Cyber Security Experts to Develop Strategic Cyber Security Solution
StratexSystems, a provider of integrated strategy execution and risk management solutions is pleased to announce the launch of CYSPEX (Cyber Strategic Programme Execution), a unique, comprehensive cyber security solution designed to provide boards and senior executives with a holistic view of their organisational cyber security status.
Developed with the combined Cyber Security and Risk-Based Performance Management expertise of Templar Executives (www.templarexecs.com) and Manigent (www.manigent.com), CYSPEX enables organisations to monitor and implement the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure your organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.
An organisation’s value is increasingly made up of its information assets, such as patents, designs and custom databases, and how well they exploit them. As a result, these are increasingly coming under attack from a range of individuals, including commercial and governmental parties. In this environment, cyber security has to be a board level responsibility and solutions must deliver tangible business benefits.
Recent figures show that 92% of large organisations are currently experiencing losses from cyber incidents[1] which involve their information being lost or stolen and infrastructures being taken offline, or more worryingly, taken over. Poor cyber security can cost your business directly, through fines and litigation fees, and indirectly, by damaging your brand value, competitive advantage, productivity and revenue streams.
As experienced Risk Management Software Providers, StratexSystems are aware of the impact cyber risk can have on businesses: CYSPEX (Cyber Strategic Programme Execution) is a unique and comprehensive cyber security application designed to provide boards and senior executives with an holistic view of their organisational cyber security posture. Developed with the combined Cyber Security and Risk-Based Performance expertise of Templar Executives and Manigent, CYSPEX enables organisations to monitor and manage the delivery of their cyber strategy while managing and mitigating the organisation’s cyber risks in line with their risk appetite. Not only does this ensure your organisational information is secure and managed through its lifecycle, it also means information is delivered in a timely, relevant and valued manner.
StratexSystems CEO and Founder, Andrew Smart said: “We are excited to be partnering with Templar Executives to develop this innovative cyber security solution. Cyber Security is moving up the agenda of our clients but we believe there is a need for a strategic approach which is aligned to business strategy”.
Templar Executives CEO and Founder, Andrew Fitzmaurice said “The UK Government and UK PLC are increasingly recognising the holistic nature of the range of threats posed by cyber-attacks, and every day we seem to wake up to reports of another cyber security breach. Indeed, recent events such as the Stuxnet incident, and incidents at leading organisations such as HMRC, HSBC and Zurich Insurance plc, demonstrate the need for a comprehensive solution which enables a mindset change regarding Cyber Security. With our partners, StratexSystems we believe that CYSPEX will provide, for the first time, organisations with an opportunity to develop that much needed solution”.
[1] State of Security Survey, 2011, Symantec
