GRC International signs a three-year agreement with a financial institution

(Alliance News) – GRC International Group PLC announced on Monday that it has signed a three-year contract with an unnamed South Asian financial institution.

GRC International is a governance, risk management and compliance firm focused on cyber defense.

The contract, signed with “one of the largest financial institutions in South Asia” and undertaken by GRC International’s IT governance division, will help the financial institution’s SWIFT compliance. No financial details were disclosed.

The GRC International IT Governance Team has been officially approved to join the SWIFT Customer Security Program Directory in October 2022.

SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services.

The Ely, England-based IT governance and risk management firm will “identify and report gaps” in the institution’s SWIFT compliance and existing cybersecurity controls. It will then work with the organization on “remediation activities”, recommending minimum security controls and reassessing its SWIFT compliance framework.

Managing Director Alan Calder said: “The combination of securing one of South Asia’s largest financial institutions as a client and being approved for the SWIFT Cybersecurity Vendor Directory demonstrates our reach. international growth in Asia/Pacific and our expanding capabilities.

“We believe there are further business opportunities to be had in the Asia/Pacific region and similarly the Swift CSP approval further strengthens our highly valued capabilities. We also hope to secure further contracts to help organizations to comply with SWIFT.”

GRC International shares last traded on November 1 at 21.00 pence each.

By Chris Dorrell; [email protected]

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