IT Governance business signs three-year contract with South Asian financial institution
GRC International Group PLC (AIM: GRC; “GRC International Group” or “the Group”), the international governance, risk management and compliance company whose main business is cyber defence in depth, announces that its IT Governance business has signed a three-year contract to support a South Asian financial institution with its SWIFT compliance. IT Governance recently joined the SWIFT CSP (Cyber Security Providers) directory.
IT Governance will initially identify and report on gaps in the financial institution’s SWIFT compliance and existing cyber security controls. It will then work with the organisation on remediation activities, recommending minimum security controls and reassessing its SWIFT compliance framework.
SWIFT is a global, member-owned cooperative and the world’s leading provider of secure financial messaging services, carrying more than 5 billion financial messages a year. SWIFT developed the CSP directory for international organisations looking to assess counterparties’ levels of cyber compliance and implementation of the CSP mandatory and advisory controls.
IT Governance was officially approved to join the Swift CSP directory in October 2022, having met the exacting criteria with its focus on cyber security services.
Alan Calder, Chief Executive Officer of GRC International Group, commented:
“Securing one of South Asia’s largest financial institutions as a client and being approved for the SWIFT CSP directory demonstrate our growing international reach in Asia-Pacific and our widening capabilities.
“SWIFT’s CSP programme is one of the largest of its kind in the world, particularly in financial services. It is one of only a few mandatory global cyber security programmes. IT Governance’s addition to the CSP directory demonstrates our commitment to broadening our services in the financial industry and the strength of our SWIFT services.
“SWIFT CSP approval further enhances our highly regarded capabilities. We believe there are additional business opportunities in the Asia-Pacific region, and hope to secure further contracts to assist organisations with SWIFT compliance.”
GRC International Group PLC
+44 (0)330 999 0222
Alan Calder, Chief Executive Officer
Christopher Hartshorne, Finance Director
Singer Capital Markets (Nominated Adviser and Joint Broker)
+44 (0)20 7496 3000
Phil Davies, James Fischer
Dowgate Capital Limited (Joint Broker)
+44 (0)20 3903 7715
James Serjeant, Russell Cook, Nicholas Chambers
+44 (0)7990 858548
About GRC International Group PLC
GRC is an international governance, risk management and compliance company whose main business is cyber defence in depth.
A technology business, its proprietary premier brands, including the market leader IT Governance, offer ‘Our expertise, your peace of mind’ for GRC International Group’s wide range of domestic and international corporate customers across all industrial sectors.
GRC’s three operating divisions – Software as a Service (SaaS), e-commerce and services – offer a wide range of products and services encompassing IT governance, risk management, compliance with data protection and cyber security regulations, online and in-person training and staff awareness, consultancy, online publishing and distribution, and software. The Group’s capabilities also include products and services to enable corporates to address wider governance issues such as money laundering and bribery.
In addition to its UK business, GRC has operations in the EU, US and Asia-Pacific regions.
This is a Reach announcement and the information contained is not considered material or to have a significant impact on management’s expectations of the company’s performance.