OXIAL and GreySpark make the case for digital compliance at OpRisk Europe

New partners team up again to demonstrate how compliance urgently needs to join the digital age.

London – 13 June, 2017 – New generation GRC solution provider OXIAL, and financial markets specialist GreySpark are teaming up for a joint presentation at OpRisk Europe 2017, that addresses ‘digital compliance – myth or must?’

Despite the rise of digital technologies across the enterprise, compliance is an area that remains curiously untouched by digital according to Eric Berdeaux, CEO, OXIAL:

“Compliance is an on-going requirement, growing in complexity and volume with each year that goes by. The idea that analogue tools such as Excel are suitable for such an important role is at best outdated and at worst a dereliction of duty and at OpRisk Europe 2017 we will be outlining the importance of deploying digital tools to manage compliance.”

Eric will be presenting with Charles Mo, Managing Consultant, GreySpark, and will be addressing questions such as how to change from a chaotic compliance assessment process to a perpetual seamless digital process, what will change with the compliance supervision digitisation and how can you dramatically reduce risk of noncompliance and forestall risk of malicious behaviour?

OpRisk Europe is an award-winning event in its 19th year, and is organised by leading industry title, Risk.net. The conference always seeks to address the ebb and flow of industry trends in op risk and will gather more than 300 senior operational risk directors from leading top-tier banks, buy-side firms and regulators from across Europe.

The event will see around 80 industry thought leaders share their expertise on topics such as establishing a firm-wide risk taxonomy and GRC to reducing errors and misses. Details of the OXIAL and GreySpark presentation are below:

Where:             OpRisk Europe 2017, Marriott Grosvenor Square, London

When:               Monday, 13 June. 14:05 – 14:35

Who:                 Eric Berdeaux, CEO, OXIAL and Charles Mo, Managing Consultant, GreySpark

Not only can digitisation help with managing compliance requirements, but it can also play a major role in managing a host of other types of risk, according to Eric Berdeaux.

“2017 has seen an unprecedented volume of risks and threats to a business, ranging from political uncertainly and instability to high-profile cyber-attacks that can bring an organisation to its knees. Addressing these risks and protecting a business against them is possible, but by far the most effective way of doing so is via digitisation. I look forward to discussing the importance of digitisation in compliance at OpRisk 2017, and hearing more about delegates’ own experiences when applying digital technologies to managing compliance.”

OXIAL and GreySpark recently partnered on a new continuous service for algorithm risk management, combining the automation of OXIAL’s GRC award-winning platform with the unrivalled expertise and knowhow of GreySpark. The new service allows Capital Markets firms to continuously remain on top of compliance and regulatory requirements.

About OXIAL

OXIAL’s New Generation GRC solutions are entirely built to address some of the greatest challenges impacting organisations that are faced with Risk Management, Internal Control and Compliance and Audit. OXIAL’s integrated GRC platform enables organisations to become more efficient and effective in mitigating risk by integrating and automating GRC processes on a global scale. Featuring intuitive and powerful tools that make it possible to respond to fast-evolving risk environments, OXIAL makes it easy to synchronise corporate governance, enterprise risk management and corporate compliance activities and undertake real- time monitoring across all business and IT processes and company assets. OXIAL operates globally across multiple industries and meets the needs of over 40 customers who have chosen OXIAL to drive business performance and achieve success.

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About GreySpark

Incorporated in 2009, GreySpark Partners is a Capital Markets consulting company that provides advice, facilitates change and delivers technology to investment banks, hedge funds and asset management firms.

GreySpark has expertise in Electronic Trading, Risk and Trade Management, Operations and Data Management and provides Business, Management and Technology Consulting services to buy- and sell-side businesses as well as exchanges, market data providers, ISVs and technology makers.

www.greyspark.com