Birnbach Communications
(617) 512-8635
swebster@birnbachcom.com
AVIOR
COMPUTING SIGNS NEW FINANCIAL SERVICES CLIENT FOR BENCHMARK AND CLEARVIEW
COMPLIANCE MANAGEMENT SOLUTIONS
Venio provides valuable services to locate
owners of unclaimed financial assets for large financial services companies,
with critical compliance management and ROI implications
New York-based Venio
dominates the market for locating owners of unclaimed assets. Venio’s
customers include large financial services companies who need to locate owners
of unclaimed financial assets. SEC
regulations and state escheatment laws require due care in managing abandoned
financial accounts and assets, which can result in lengthy and costly
proceedings.
Venio and its
customers must comply with multiple mandates including GLBA/FFIEC, SOX, SEC and
anti-money laundering regulations, financial assessment standards, state data
privacy laws, and other laws and regulations. To manage compliance to multiple
regulations, Venio is implementing Avior’s BenchMark and ClearView solutions with
an ISO 27002 framework to unify and map all relevant compliance requirements, and
to demonstrate effective management of information security.
Venio was attracted to
the benefits of Avior’s automated compliance management services delivered as a
SaaS solution. Venio will deploy Avior’s
ClearView dynamic mapping solution as a SaaS service to automatically map
regulations, standards and controls to assessment questionnaires. Avior’s
BenchMark SaaS assessment solution will automate compliance management by
evaluating the risk posed to information privacy by internal operations and external
vendors.
Avior’s secure SaaS solutions
automate compliance management to strengthen security and compliance with new
levels of efficiency. Avior gives compliance
and risk professionals online tools to quickly deliver results without adding
staff. Avior’s automated SaaS compliance
solutions require much less initial investment, with far less IT and
infrastructure support to accelerate ROI.
According to Michael O’Donnell, Venio CEO,
Avior’s SaaS compliance automation offerings provided critical economic
benefits.
“We didn’t see the ROI from traditional
GRC solutions,” O’Donnell said. “We
needed to offer our clients the confidence that our process and infrastructure
is in the leading edge of IT GRC and security, and the Avior solution provided
that assurance.”
Avoir’s SaaS deployment produced quick results,
according to Jeff Sullivan, Venio’s CIO.
“We do not have a large IT department but must offer compliance service
levels that are on par with major financial services industry standards. I
needed a compliance automation solution that is easy to use and deploys quickly,
with exceptionally high quality output. Avior offered this solution.”
Steve McCalmont, Avior’s CEO, recognizes
the unique challenge in helping Venio to meet their compliance challenges with
an affordable solution.
“Venio must meet or exceed the compliance
and security requirements of their customers, which are the largest financial
organizations in the world,” McCalmont said.
“It’s very impressive for such a young and fast growing organization to quickly
achieve IT-GRC maturity. Avior is pleased that our solution has helped
them achieve this goal.”
Despite the
challenging economy, Avior is seeing tremendous interest in their compliance
management solutions, with significant adoption momentum in the demanding
financial services sector. Avior continues to invest in expanding their
compliance management offerings in two areas:
-
Significant new BenchMark functionality for advanced reporting, with
enhanced integration with ClearView web services and remediation management
-
Additional support for new compliance regulations in ClearView,
including PIPEDA, ISO 27002, PCI DSS, MA Privacy, GLBA/FFIEC, GAPP, HIPAA, and
many others, supported by new libraries of BenchMark assessment questionnaires
About Avior
Computing
Founded by software
and networking industry veterans, Avior Computing is a leading innovator in risk
and compliance management solutions. Avior ClearView is a dynamic web service
mapping solution that automates the mapping of regulations, standards,
controls, and assessment questions. Avior BenchMark automates the process of
assessing and managing compliance for applications such as vendor risk, information
privacy, and enterprise data governance.
Avior BenchMark replaces costly and cumbersome manual assessments
involving spreadsheets and word documents with a streamlined and automated
process, enabling better risk decision-making, and significantly reducing the
pain and cost of manual assessment activities.
Avior BenchMark is available either in SaaS or premise based
solutions. For more information, please
visit www.aviorcomputing.com.
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