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Nasdaq: Nasdaq BWise GRC Platform selected by Bank ABC for Risk, Compliance 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, visit

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: or


For Media Inquiries:


Ryan Wells

Direct: +44 (0) 20 3753 2231

Mobile: +44 (0) 7809 596 390


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via Globenewswire


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