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.
Nashua, NH, April 22, 2009 --(PR.com)-- Avior Computing Corp. announced today that a financial services company providing critical services has recently subscribed to and implemented the firm’s BenchMark and ClearView compliance management solutions.
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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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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Contact
Avior Computing
Steve Webster
603-886-8145
www.aviorcomputing.com
Steve Webster
603-886-8145
www.aviorcomputing.com
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