Minister Martin launches distribution agreement between Irish and Australian software companies

IT&T Consulting

SWORD is an award winning operational risk application that enables customers to manage compliance, risks and prudential regulations in a proactive manner. Five blue chip organisations have adopted SWORD in Australia since the distribution agreement for Australia and New Zealand was executed.

Phoenix CEO Andrew Henderson explained that SWORD has already been adopted by several blue chip organisations to manage operational risk with great success and that the flexibility of the product allows for a great platform of assurance across any action that maybe classified as a possible risk event.

"Minimizing the possibility of major process gaps and resultant financial risks, in terms of confining staff to delegations and working within regulatory compliance makes SWORD a must have for organisations, particularly at a time where management of risk and compliance issues are at the fore," he said.

Seamus O'Farrell, Director of Ci3 acknowledged Phoenix IT&T as the market leaders in bringing innovative financial software like SWORD to the Australian and New Zealand financial services marketplace. "They are ideally placed to position SWORD as the operational risk management and control solution of choice for the Australian and New Zealand financial services sectors, and we are delighted to partner with them for this venture," he said.

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For further information, please contact Kate Reddin, National Corporate Communications Manager in Australia on 0061-411-055- 955 or kreddin@ambit.com.au.