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Risk Management Industry News for FCA Regulated Businesses

The Financial Conduct Authority implements Xactium Risk Manager

Posted by Chris Bell on Wed, Jun 03, 2015 in Industry Regulator

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Xactium announces the Financial Conduct Authority as a customer of its Risk Manager solution

The FCA chooses Xactium Risk ManagerSheffield, UK. June 4th, 2015. Xactium Ltd today announces that it has successfully implemented its Risk Manager solution into the Financial Conduct Authority (FCA). The solution delivered will be utilised by the FCA to capture and measure risks and key risk metric data for its supervised firms and includes access for 1,000 users. The FCA completed the purchase of the solution and the associated professional services via the G-Cloud Framework through the Crown Commercial Services.

Andy Evans, Managing Director, Xactium said, “This has been an excellent example of how the flexibility, scalability and security of our Risk Management solutions can be readily adapted to the most stringent of risk management frameworks and processes. Working with the FCA we were able to provide advice and guidance on best practice risk management implementation and run a meticulously planned programme of delivery to meet all technical and time based requirements. As a company, Xactium looks forward to future projects and a successful relationship with the UK’s financial services industry regulator.”

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About Xactium

Xactium Risk Manager offers unrivalled flexibility, enabling organizations to configure virtually all aspects of the solution to their specific risk management needs. Its intuitive, user-friendly interface, in-built collaboration tools and ease of deployment makes roll-out fast and effective. Powerful reporting and monitoring capabilities enable easy analysis and reporting of risk positions in real-time.

Xactium is a leading enterprise cloud computing company delivering Governance, Risk and Compliance (GRC) solutions on the world's leading cloud computing platform, Force.com® platform from Salesforce® - Forbes' most Innovative Company for the past 3 years.

About the FCA

The Financial Conduct Authority regulates the conduct of over 50,000 businesses in the UK, and is responsible for ensuring they meet prudential standards that reduce the potential harm to the industry and consumers if they fail.

Contact Xactium

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info@xactium.com

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