MetricStream, the global market leader in integrated risk management (IRM) and governance, risk management and compliance (GRC) announced that it has been awarded the Operational Risk Management Solution of the year award by the prestigious AsiaRisk Technology Awards 2022. The AsiaRisk Technology awards are hosted by Risk.net and it is the second time in a row that MetricStream has won this award in the Operational Risk Management category.
“The connected and dynamic nature of risks coupled with digital disruptions and evolving regulatory changes make it imperative for businesses to take a proactive approach and turn risk into a strategic advantage. This award is a testament to our unique ability to deliver value to our customers by enabling them to keep uncertainties in check and strengthen business continuity,” said Michel Feijen, Managing Director, APAC.
MetricStream’s Operational Risk Management (ORM) provides a comprehensive set of capabilities to manage operational risks and related losses to establish risk management discipline across the organization. It helps risk professionals build enterprise-wide risk awareness, protects businesses from uncertainties, promotes risk-aware business decisions, while increasing operational efficiency and effectiveness.
With customers’ needs in mind, the product focuses on solving the inconsistencies in risk management processes while promoting strong data governance, providing full visibility with actionable insights into top operational risks. Its advanced analytics helps organizations quantify risks in monetary terms and reduce operational losses by mitigating enterprise-wide risks proactively.