Garanti Bank Selects Paisley Enterprise GRC(R) Software for Internal Audit Management

NEW YORK and LONDON -

Garanti Bank has chosen Paisley Enterprise GRC(R) to manage its global internal audit business processes. Paisley Enterprise GRC, the industry leading GRC software solution from Thomson Reuters, was selected for its market-leading position in integrated governance, risk, and compliance (GRC) and its proven track record delivering best-in-class internal audit management solutions to large enterprise organizations.

“Paisley Enterprise GRC includes the specific functionality we require to streamline and drive costs out of our internal audit business processes,” said Osman Turgut, Head of Internal Audit, Garanti Bank. “The Paisley Enterprise GRC system will enable us to further enhance the efficiency and transparency of our internal audit processes and improve the effectiveness of our governance and risk processes.”

Garanti Bank is Turkey’s second largest private bank by asset size with the highest capacity to generate recurrent banking revenues. As a universal bank with leading presence in all business lines, Garanti serves more than eight million customers in corporate, commercial, subject matter expert (SME), and consumer segments, offering fully integrated financial services through its nine financial subsidiaries that include payment systems, pension, leasing, factoring, brokerage, and asset management.

“Paisley continues to be recognized as the global market leader in governance, risk, and compliance, including internal audit management,” said Marc Adams, vice president of Paisley EMEA. “We are delighted to welcome Garanti Bank as the latest organization in the financial services market to take advantage of the market-leading governance, risk, and compliance capabilities offered in Paisley Enterprise GRC.”

Paisley Enterprise GRC includes purpose-built components for the full spectrum of governance, risk, and compliance requirements. The software includes components for financial controls management, operational risk management (ORM), enterprise risk management (ERM), internal audit management, IT governance and compliance.

For more information on Thomson Reuters, visit www.thomsonreuters.com. For more information on Paisley solutions, call U.S. +1-320-286-5870, e-mail PaisleyInfo@thomsonreuters.com, or visit www.paisley.com.

About Thomson Reuters

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About Garanti Bank

Garanti Bank is Turkey’s second largest private bank by asset size with the highest capacity to generate recurrent banking revenues. Total assets reaching in excess of US$65 billion is the result of its customer centric approach and innovative culture. As a universal bank with leading presence in all business lines, Garanti serves to over 8 million customers in corporate, commercial, SME, and consumer segments offering fully integrated financial services through its 9 financial subsidiaries that include payment systems, pension, leasing, factoring, brokerage and asset management. Committed to its customers, Garanti operates an expanding distribution network comprising 730 branches including five foreign branches and four international representative offices, close to 2,600 ATMs, an award winning call center and an internet & mobile bank utilizing its state-of-the-art technology. Garanti supports its extensive branch network with centralized operations, exceptional data warehousing and management reporting systems, and the efficient use of alternative delivery channels.

Source: Thomson Reuters

Ruth Ann Baker (U.S.), Public Relations of Thomson Reuters Tax & Accounting, +1-972-250-7438, ruth.ann.baker at thomsonreuters.com