17 December 2012

BWise Opens New Regional Office in Bangkok, Thailand

- Developing the emerging GRC market in South East Asia
- Banks and large enterprises across the region seeking GRC solutions

New York, NY, Bangkok, Thailand and ‘s-Hertogenbosch, Netherlands - 17 December 2012 – BWise, a NASDAQ OMX company and a global leader in Governance, Risk Management and Compliance (GRC) software, announced today the expansion of its global presence with the opening of a new regional office in Bangkok, Thailand. BWise and its integrated GRC platform will help in developing the emerging GRC market in South East Asia. By being present in this region, BWise addresses the increasing interest of Asian financial institutions and other enterprises for Risk Management, Compliance and Internal Audit solutions to get in control of their key financial and reputational risks. 

Mr. Rob van Straten, Global Head of Sales at BWise, said, "Through the opening of our Asian regional office, BWise increases its commitment to this important region. The economies of Thailand and other South East Asian countries have expanded. We see this region as an emerging GRC market due to its regulated business environment and challenges in complying with international regulations such as Basel III for banks."

Mr. Rob van Straten continued, “There is interest from banks and large enterprises across the region seeking GRC solutions, such as the BWise Risk Management, Internal Audit and Compliance solutions, and combining these initiatives into one integrated GRC platform. The value of our integrated approach has been recognized by customers, independent analysts and prospective clients. This has led to quick and high return on investments, while also increasing compliance and control over risks.”

To contribute to the practical knowledge of implementing integrated GRC, BWise, together with its local partner, Yip In Tsoi, and consultant partner, Marc Leipoldt from Global Risk Advisory Services (GRAS), will organize a round table meeting in Bangkok on January 24. Mr. Danai Wangsiri of Yip In Tsoi, said, “As a regional partner of BWise, we are able to serve prospective clients and support BWise with Asian companies that are highly interested in implementing GRC software. Now that BWise is also located in Bangkok, we can further continue to strengthen our commitment to and the development of the GRC market in Asia.”

BWise, a NASDAQ OMX company, is a global leader in Enterprise Governance, Risk Management and Compliance software, with a strong heritage in business process management.

Source: BWise