SUNNYVALE, CA--(Marketwire - Oct 10, 2012) - Agiliance®, Inc., the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs, today announced that Fiserv, Inc. (NASDAQ: FISV) has added Agiliance's Threat and Vulnerability Manager as well as Vendor Risk Manager applications to its existing Agiliance RiskVision™ Enterprise Risk, Policy, and Compliance Management infrastructure. Fiserv will dynamically aggregate and correlate financial, operational, and IT key risk indicators (KRIs) from multiple and diverse controls that detect system vulnerabilities so identified risks can be effectively mitigated. This will be the largest Agiliance financial services deployment for continuous monitoring to date.
Fiserv serves the financial services industry with a broad spectrum of payment and account processing solutions such as transaction processing, electronic bill payment and presentment, business process outsourcing, and document distribution services. The company's products and additional services generated $4.3 billion in revenue in 2011. Fiserv will use Agiliance RiskVision to help manage risks including network, server, endpoint and mobile data, devices, and applications. Terabytes of data generated by IT and multiple security tools will flow through smart connectors into the Agiliance RiskVision analytics, workflow, and reporting engines.
"Fiserv began its journey with Agiliance RiskVision in early 2010 to automate risk management across our diverse business units. We selected Agiliance based on its ease of delivery, quality of output, and overall cost. The results have been outstanding," said Murray Walton, senior vice president and chief risk officer at Fiserv. "Upon evaluation of several solutions, we chose Agiliance RiskVision's security management modules for their innovative and field-proven ability to correlate big data from our heterogeneous security tools and to help us govern workflow to remediate risks in near real-time."
Agiliance introduced its Agiliance Threat and Vulnerability Manager (TVM) application in late 2009. It combines risk intelligence, using big data correlation from security operations, with automated remediation that uses bi-directional workflows with IT operations. It drives operational efficiencies by automating continuous monitoring and ticketing to remediate only business critical risks. This patented technology is deployed by financial services, federal government and nuclear energy organizations, and is being used for private cloud security risk management in U.S. federal agencies.
"Global financial leaders like Fiserv continually examine and seek to strengthen the multiple layers of security and privacy protections and processes in place that mitigate risk for the enterprise, clients, and their customers," said Joe Fantuzzi, president and chief executive officer at Agiliance. "By planning to deploy the Agiliance Threat and Vulnerability Manager and Vendor Risk Manager applications, Fiserv is further tightening the risk detection and remediation loop around their enterprise."
Agiliance, founded in mid-2005, is the leading independent provider of Integrated Risk Management solutions for Governance, Risk, and Compliance (GRC) programs. Agiliance RiskVision is automating how Global 2000 companies and government agencies achieve continuous monitoring of big data across financial, operations, and IT domains to orchestrate incident, threat, and vulnerability actions in real time. Agiliance RiskVision customers demonstrate automation use cases within 30 days on-demand, and within 90 days on-premise, made possible by a configurable platform and applications, broad library of technology integrations, and vast domain and regulatory content. Agiliance RiskVision scales with businesses, effectively managing assets, data, people, and processes to achieve 100 percent risk and compliance coverage. Its real-time risk analysis leads to optimized business performance and better investment decisions. For more information, please visit www.agiliance.com.
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider serving the financial services industry, driving innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more information, visit www.fiserv.com.