Nasdaq said that BWise’s GRC platform will be available through its software technology business Corporate Solutions.
The BWise platform will complement the exchange operators’ market surveillance system, SMARTS, which is aimed at helping brokers, exchanges and regulators.
As a result of the purchase, Nasdaq can give companies the ability to track, measure and manage key risks, including the risk of failing to comply with regulations.
Nasdaq OMX executive vice president Bruce Aust said that with increasing regulations and, subsequently, greater exposure to risk, GRC is seen as a key indicator of business performance and stability.
"We are excited to align BWise’s best-in-industry GRC solutions with our premium board portal, Directors Desk, as we continue to look for innovative ways to provide C-level executives and boards with relevant, integrated services," Aust said.
