Mindtree, a digital transformation and technology services company, announced this month that it has partnered with GRC provider MetricStream to help simplify regulatory compliance for financial firms.
Mindtree will leverage MetricStream's Zaplet, a cloud-based open platform to build, deploy, and manage a variety of GRC applications for financial firms globally.
Mindtree's expertise in the financial sector combined with MetricStream's market leadership in the GRC domain will enable clients to automate and manage regulatory processes from trade validations to tracking. Together, the companies will co-develop a comprehensive trade-reporting framework to support multiple regulations such as the Dodd-Frank Act, the European Market Infrastructure Regulation Markets in Financial Instruments Directive, and the upcoming Markets in Financial Investments Regulation. This will enable financial institutions to reduce operational risks and avoid penalties levied for inaccurate reporting.