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Nasdaq BWise GRC Platform selected by Bank ABC for Risk, Compliance and Audit

mpliance and Audit

MANAMA, Bahrain and NEW YORK, May 17, 2016 (GLOBE NEWSWIRE) -- Nasdaq BWise
(Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and
Compliance (GRC), announced today that it has been selected by Bank ABC, an
international bank headquartered in Bahrain, to support and further enhance
their risk management, compliance and internal audit processes as well as

By implementing the BWise integrated GRC platform, Bank ABC will reduce the
burden and costs of compliance, gain control over their key organizational
risks and streamline their audit processes. The BWise integrated GRC platform
will enable Bank ABC to create management reports and dashboards to capture and
monitor risk issues and compliance obligations.

“We were searching for an integrated risk, compliance and audit tool that
enables us to enhance and strengthen our risk management practices throughout
the organization,” said Olivier Nijland, Group Head of IT Risk at Bank ABC.
“Nasdaq BWise was selected because of the flexibility and rich functionality in
one integrated platform, support for Arabic language and the availability of
best practices for implementation. In this way the compliance, risk and audit
departments will all have access to the right information across the bank
globally. We endorse and envision a better collaboration in order to make
better business decisions for the bank.”

Bank ABC (incorporated as Arab Banking Corporation) is an international bank
headquartered in Manama, Kingdom of Bahrain. Their network spreads across five
continents, covering countries in the Middle East, North Africa, Europe, the
Americas and Asia. Bank ABC, founded in 1980, is listed on the Bahrain Bourse.
Bank ABC is a leading provider of Trade Finance, Treasury, Project & Structured
Finance, Syndications, Corporate & Institutional Banking as well as Islamic
Banking services.

“The BWise platform will be able to bolster Bank ABC’s efforts in continuing to
meet compliance requirements while streamlining their risk and audit
processes,” said Rob van Straten, Global Head of Sales and Professional
Services, Nasdaq BWise. “The Middle East GRC market is quickly emerging due to
the requirements for more transparency and the increasingly regulated business
environment. We are pleased to welcome Bank ABC to our expanding community of
clients in the Middle East region.”

About Nasdaq BWise
Nasdaq BWise is a global leader in Enterprise Governance, Risk Management and
Compliance (GRC) software. Based on a strong heritage in business process
management, the BWise® GRC Platform provides companies with highly-rated,
proven software solutions for Risk Management, Internal Control, Internal
Audit, Compliance & Policy Management, Information Security and Sustainability
Performance Management.

BWise’s end-to-end solutions support an organization’s ability to understand,
track, measure, and manage key organizational risks. Nasdaq BWise helps
companies truly be in control by balancing performance with their financial and
reputational risks, improving corporate accountability, increasing financial,
strategic and operating efficiencies. Using BWise, organizations are able to
efficiently comply with anti-corruption regulations like FCPA and the UK
Bribery Act, the Sarbanes-Oxley Act, European Corporate Governance Codes,
ISAE3402/SAS-70, PCI-DSS, Solvency II, Basel II and III, Dodd-Frank,
ISO-standards, and many more.

Nasdaq BWise sales, service and support offices around the globe provide for
the GRC needs of hundreds of leading companies worldwide. For more information,

About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables
customers to plan, optimize and execute their business vision with confidence,
using proven technologies that provide transparency and insight for navigating
today's global capital markets. As the creator of the world's first electronic
stock market, its technology powers more than 70 marketplaces in 50 countries,
and 1 in 10 of the world's securities transactions. Nasdaq is home to more than
3,700 listed companies with a market value of approximately $9.3 trillion and
more than 17,000 corporate clients. To learn more, visit:


For Media Inquiries:


Ryan Wells

Direct: +44 (0) 20 3753 2231

Mobile: +44 (0) 7809 596 390

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