Informatica Delivers Comprehensive, Timely, and Trusted Data for Governance, Risk, and Compliance




 







 

Informatica Delivers Comprehensive, Timely, and Trusted Data for Governance, Risk, and Compliance (GRC) 


REDWOOD CITY, Calif., June 27 /PRNewswire-FirstCall/ -- Informatica
Corporation (Nasdaq: INFA), the leading independent provider of data
integration software and services, today announced an initiative to help
deliver comprehensive, timely, and trusted data to organizations focused on
governance, risk and compliance (GRC).

    According to a November 2007 Forrester report titled Topic Overview:
Governance, Risk, And Compliance, "business complexity, along with
increased regulatory and market scrutiny, is driving organizations to adopt
a structured approach to governance, risk, and compliance (GRC)."

    An example of this pressure is Basel II regulation in financial
services. "Basel II sets the bar high on required data management
practices," said Neil Hershaw, Information Management Officer, M&S Money.
"Compliance dictates the ability to correlate a significant history of
consistent, accurate, and granular data. Equally, as an organization, we
wanted to ensure we could always undertake quantitative measurement of our
data to be utterly assured of its accuracy."

    Unfortunately, the data that is so vital to GRC initiatives is often
fragmented across complex IT environments, out of date, and of poor
quality. Informatica addresses these challenges by providing a unified data
integration platform to:

    -- Improve visibility and transparency into GRC activities with
enterprise data integration

    -- Deliver trusted information with data quality and accurate identity
matching

    -- Increase business agility and reduce risk with real-time data
integration for all latency requirements

    -- Reduce the cost of producing timely and trusted data for GRC, while
improving business efficiencies with Integration Competency Centers and
developer friendly software solutions

    -- Satisfy regulatory data audit and documentation requirements with
comprehensive metadata management, personalized data lineage, and data
impact analysis

    -- Cost effectively comply with industry data structures and formats,
such as SWIFT for financial services, HIPAA and HL7 in healthcare, ACORD
for insurance, and EDI in manufacturing, to satisfy regulators and improve
business processes with Informatica's complex data transformation solutions

    "Banking regulations require that we institute safeguards to prevent
Money Laundering and Terrorist Financing, inclusive of collecting and
verifying customer information," said Mike Bassett, vice president and
senior AML manager, Bank of America. "We utilize Informatica to test, and
identify potential customer data 'logical' defects. The ensuing analysis
and repair of these defects helps to ensure a high customer data quality
standard, which is critical for use in our detection and investigation
processes."

    "Access to complete, accurate, and timely information can be
challenging for organizations dealing with GRC initiatives without the
right data integration and data quality technology," said Chris Boorman,
chief marketing officer, Informatica. "An effective enterprise GRC strategy
hinges on effective enterprise data integration; without access to
comprehensive, trusted and timely high-quality data, it is impossible to
manage all the myriad aspects of governance, risk, and compliance in a
holistic and strategic fashion."

    About Informatica

    Informatica Corporation (NASDAQ: INFA) is a leading provider of
enterprise data integration software and services. With Informatica,
organizations can gain greater business value by integrating all their
information assets from across the enterprise. More than 3,200 companies
worldwide rely on Informatica to reduce the cost and expedite the time to
address data integration needs of varying complexity and scale. For more
information, call +1 650 385 5000 (1 800 653 9871 in the U.S.), or visit
http://www.informatica.com.

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For more resources on SOA Governance - see the SOA GOVERNANCE NETWORK 


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Gary E. Smith
SOA Governance Architect - Governing SOA in a Connected World
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