News
CCH SWORD has issued an analysis outlining steps... Locked Down” Controls May be Less Flexible, but Essential
DUBLIN, November 6, 2008) – CCH SWORD (formerly Ci3) has issued an analysis outlining steps the financial services industry needs to take to ensure the risk inherent in their businesses is managed effectively. CCH SWORD is a leading developer and supplier of operational risk control solutions to the global financial services sector and a part of CCH, a Wolters Kluwer business.
“Countless financial institutions have told us for years that the industry is too fluid, too competitive or too complex for good quality, current information on risks and controls to be provided to senior management,” said Richard Pike, CCH SWORD director. “The outcome of this thinking has had negative impact on economies, businesses and individual citizens worldwide.”
For further information please read the Press Release
Read more about Financial Services Regulation here
Wolters Kluwer Tax & Accounting acquires Ci3 Acquisition Extends CCH’s Strategy in Rapidly Growing Market
Wolters Kluwer Tax and Accounting has acquired CI Consultancy Limited (Ci3), a leading international developer and supplier of operational risk control solutions to financial institutions and corporations worldwide. Wolters Kluwer Tax and Accounting, a unit of Wolters Kluwer, is a leading provider of tax, accounting and audit information, services and software solutions serving professionals in the U.S., Canada and Asia Pacific under the CCH brand name.
For further information please read the Press Release
SWORD increases insurance market share Now provides enterprise risk management support to companies that make up over 15% of the premiums in the UK insurance market
Dublin Ireland, July 29, 2008 – Ci3, (www.ci-3.com) the leading developer of Governance Risk and Compliance (GRC) management solutions for the global financial services sector, has announced significant gains in SWORD’s insurance market share during the first half of 2008. SWORD now provides Enterprise Risk Management (ERM) support to companies that make up over 15% of the premiums in the UK insurance market, and includes SwissRe, Zurich, Pearl and Irish Life and Permanent among its client list.
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[Back to Top]SWORD completes Banco General deployment in 3 months
SWORD, the leading oprisk management solution from Ci3, has been deployed in Banco General, one of Central America’s biggest banks. Banco General is one of the largest banks in Central America, with 60+ branches in Panama, and representative offices from Mexico to Colombia, offering a complete range of retail, corporate and private banking services.
The deployment of SWORD, which was led by Ci3 partner SunGard, was completed within 3 months, ahead of time and under budget. Speed and completeness of deployment within the timeframe was key for Banco General, with other vendors insisting that deployment would require upwards of 100 consulting days. The SWORD implementation was completed within 3 months and required just 30 consulting days from Sungard. Since deployment, all oprisk issues and actions across the bank are captured and reported on within SWORD. Loss event data from each of the bank’s 60+ branches is fed back to the operational risk team.
“This deployment simply proves that SWORD delivers the functionality it promises in an easily understood and easy to use format” says Richard Pike, Director of SWORD Product at Ci3. “Financial institutions do not want to be faced with open-ended consultancy agreements, and the fees they incur, to continually coax results from poorly performing or difficult to deploy solutions. So this deployment underlines SWORD’s recent ranking by professional oprisk end users as ‘best overall oprisk solution’.
A one page Banco General case study is available for download here.
[Back to Top]MUSING Executive Workshop Turning data into risk knowledge: 21st May 2008
Ci3 and a panel of internationally renowned experts met at the London School of Economics and Political Science (LSE), Bankside House, London, on 21 May 2008 to celebrate this high-profile executive workshop on semantic technologies for risk management in the financial services industry. The event was organised by the EC-funded Integrated Project MUSING, whose mission is to shape next-generation (Basel II & beyond) semantic-based Business Intelligence.
Further Details
[Back to Top]Risk Convergence in Asset Management Towards Enterprise Risk Governance
“Risk Convergence in Asset Management: Towards Enterprise Risk Governance” is a panel discussion for risk professionals in the asset management sector, featuring a panel of leading industry experts, and chaired by the editor of Global Investor magazine, to discuss the growth of importance in enterprise risk governance, and the opportunities and pitfalls it presents.
Entry to this event is free, but advance registration is required.
Further Details
[Back to Top]Richard Pike quoted in AMA model article Operational Risk & Compliance March '08
Richard Pike, Product Director at Ci3 was quoted extensively in an article in the latest edition of Operational Risk & Compliance magazine. The article discusses the operational risk modelling techniques currently prevaling in the market.
To read the artcile please go to http://www.opriskandcompliance.com/public/showPage.html?page=704380
[Back to Top]ERM in Asset Management White Paper by Mike MacDonagh
ERM in Asset Management is a white paper produced by Mike MacDonagh based upon his expertise in the area and the experience Ci3 has gained from its many asset management clients.
Click on this link to download the latest white paper
[Back to Top]Ci3 Shortlisted for Software Industry Awards October 2007
Ci3 for the second year running has been short listed by the Irish Software Association in their annual awards.
This year, because of our MBO completed in 2005, we have been short listed in the "New Company of the Year" category.
For more information visit: http://www.software.ie/Sectors/ISA/webisaawards2007.nsf/whome?OpenForm
[Back to Top]Sword Version 8 Launch Tuesday 23rd October 2007
Ci3 are hosting a reception to announce the launch of the latest version of the SWORD product suite.
DATE: Tuesday 23rd October
TIME: 6:00 - 8:00 pm
WHERE: Tower 42, 24th Floor ,25 Old Broad Street, London EC2
To receive an invite please contact: sales@ci-3.com
[Back to Top]Land of Compliance Opportunity September 2007
Richard Pike, Product Director of Ci3 is quoted in 'Securities Industry News' on the 'Land of Compliance Opportunities' article. He speaks about the differences selling in Europe and the U.S...
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[Back to Top]The Irish Times lauds Ci3... June 2007
The Irish Times dated 4/5/2007 writes an article commending Ci3. Ci3's flagship product Sword was named the top operational risk software by industry bible Operational Risk & Compliance magazine.
The article acknowledges that Ci3 are leaders in the Irish software industry - a profitable company that has global reach through a strong network of channel partners.
[Back to Top]SWORD powers SunGard BancWare to head the field in OpRisk Industry Ranking May 2007
SunGard BancWare powered by SWORD Ranked Number 1 in 4 out of 5 Categories by Industry Peers. Number 1 Overall in "OpRisk & Compliance" Ranking for 2007
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[Back to Top]Ci3 named Highly Commended Innovator February 2007
In the recent Irish National Awards for Achievement, Innovation & Excellence in Small Business, Ci3 achieved the status of Highly commended innovator
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[Back to Top]SWORD wins Loss Recording Survey for third year running December 2006
Risk magazine's technology awards 2006, saw the SWORD product winning the loss recording category for the third year running. SWORD, which powers both the Ci3 and Sungard offerings was prominant in all of the coperational risk categories.
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[Back to Top]Ci3 Shortlised in ISA 2006 awards November 2006
The ISA Software Industry Awards recognise those companies who have made significant strides in the last year.
The awards are divided into five categories:
• Company of the Year
• New Company of the Year
• Technical Innovation
• Sales Achievement of the Year
• Partnership of the Year
In 2006, Ci3 was nominated in the Sales Achievement category
[Back to Top]Ci3 to Attend Financial Enterprise Automation 2006 October 2006
As part of Ci3's ongoing initiative to deliver further innovation and new thinking to the field of Operational Risk Management, we will be sponsoring an invite-only conference, Financial Enterprise Automation 2006, in London on the 10th-11th October.
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[Back to Top]Ci3 Joins Musing EU Research Project August 2006
Ci3 is a founding partner of Musing: a European RTD project (2006-2010) in the field of knowledge management
The Musing project is a user-driven initiative, with 3 industrial verticalisations:
_ Financial Risk Management (FRM)
_ Internationalisation (INT)
_ IT Operational Risk (IT-OpR)
For more information go to www.musing.eu
[Back to Top]Irish Software Firm Ci3 Confirms 'Top Five' Status Analyst Report Press Release, May 2006
SWORD, Ci3's flagship operational risk management (ORM) software, has been confirmed as a 'top five' solution by leading industry analyst firm Chartis Research. Chartis forecasts the worldwide ORM market to grow to $1.27bn by 2009.
Download press release.
[Back to Top]SWORD is first choice for Jupiter Press Release, April 2006
Leading operational risk management software company Ci3 has announced that Jupiter, the leading fund and asset management firm has chosen its flagship product SWORD as its operational risk management solution.
Download press release.
[Back to Top]SWORD to sharpen SwissRe's Risk Management Press Release, January 2006
Following a rigorous selection procedure, Swiss Re purchased a global site licence for Ci3's operational solution SWORD in November 2005.
Download press release.
[Back to Top]The Finance Dublin Seventh Annual Conference 2006 With entry-level seminars on Operational Risk Management
Adding value in international financial services - March 28 & 29.
Dublin Castle highlights include:
* Over 50 leading speakers
* Case studies of successful operations in the financial services industry
* Latest developments in regulation and taxation
* Outlook on major sectors including funds, banking, reinsurance and life assurance,
aviation finance, with a series of panel discussions involving all the representative bodies
plus four entry-level seminars:
1. Hedge Funds 100
2. Hedge Funds Administration 100
3. Credit Derivatives 100
4. Operational Risk Management 100
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Sword is a sophisticated yet elegant solution for risk management, compliance, internal audit a
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Sword is the Enterprise Risk Management tool of choice for many of the world's most renowned blue-ch
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