RCS - GRC Intnl.Group PLC - Contract with South Asian financial institution

Grc InternationalAnnouncement

07/11/2022 07:00

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RNS Number : 4296F  GRC International Group PLC  07 November 2022

7 November 2022

 

GRC International Group PLC

 

IT Governance business signs three-year contract with South Asian financial
institution

 

GRC International Group PLC (AIM: GRC, "GRC" 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 with a South Asian financial institution to
help the organisation with its SWIFT compliance. This follows IT Governance
recently being approved to join 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. It carries over five billion financial
messages a year. The CSP directory was developed by SWIFT for international
businesses looking to assess counter parties' 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, commented:

 

"The combination of 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
cybersecurity programmes. IT Governance's addition to its unique CSP directory
demonstrates our commitment to broadening our services in the financial
industry and the strength of our SWIFT services.

 

"We believe that there are additional business opportunities to be pursued in
the Asia/Pacific region and similarly the Swift CSP approval further enhances
our highly regarded capabilities. We also hope to secure further contracts to
assist organisations on SWIFT compliance."

 

Enquiries:

 

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

 

Meare
Consulting
+44 (0)7990 858548

Adrian Duffield

 

 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'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 as well as 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
to be material or to have a significant impact on management's expectations of
the company's performance.

 

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