Garanti Bank Selects Paisley Enterprise GRC

Published: 20-Oct-2009

For governance, risk and compliance, including internal audit management

Turkey-based Garanti Bank has chosen Paisley Enterprise GRC to manage its global internal audit business processes. Reportedly, the Paisley Enterprise GRC software solution from Thomson Reuters was selected for its ability in integrated governance, risk, and compliance (GRC) and its track record in delivering internal audit management solutions to large enterprise organizations.

The bank has said that the solution includes purpose-built components for the full spectrum of governance, risk, and compliance requirements. The software includes components for financial controls management, operational risk management, enterprise risk management, internal audit management, IT governance and compliance.

Osman Turgut, head of Internal Audit at Garanti Bank, said: "Paisley Enterprise GRC includes the specific functionality we require to streamline and drive costs out of our internal audit business processes. The Paisley Enterprise GRC system will enable us to further enhance the efficiency and transparency of our internal audit processes and improve the effectiveness of our governance and risk processes."

Marc Adams, vice president of Paisley EMEA, said: "Paisley continues to be recognized as the global market leader in governance, risk, and compliance, including internal audit management. We are delighted to welcome Garanti Bank as the latest organization in the financial services market to take advantage of the market-leading governance, risk, and compliance capabilities offered in Paisley Enterprise GRC."

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