GRC

California Water Service Group Announces 2023 Earnings for Year and Fourth Quarter

Retrieved on: 
Thursday, February 29, 2024

Operating revenue in 2023 was $794.6 million, a $51.8 million decrease from 2022 operating revenue of $846.4 million.

Key Points: 
  • Operating revenue in 2023 was $794.6 million, a $51.8 million decrease from 2022 operating revenue of $846.4 million.
  • Total operating expenses in 2023 were $717.5 million, a $1.3 million decrease from 2022 operating expenses of $718.8 million.
  • Income tax benefit for the fourth quarter of 2023 increased $11.2 million to $13.8 million compared to the fourth quarter of 2022.
  • In the fourth quarter of 2023, net other income increased $2.7 million to $7.0 million from $4.3 million in the fourth quarter of 2022.

Wolters Kluwer to share strategic sustainability insights at The IIA’s 2024 Great Audit Minds Conference

Retrieved on: 
Thursday, March 7, 2024

Wolters Kluwer, a global leader in professional information, software solutions and services, today announces that Jim Pelletier, CIA, CGAP, Senior Product Manager for its TeamMate Global Audit Solutions business, will present during two expert sessions at the upcoming 2024 IIA Great Audit Minds (GAM) Conference on March 13th.

Key Points: 
  • Wolters Kluwer, a global leader in professional information, software solutions and services, today announces that Jim Pelletier, CIA, CGAP, Senior Product Manager for its TeamMate Global Audit Solutions business, will present during two expert sessions at the upcoming 2024 IIA Great Audit Minds (GAM) Conference on March 13th.
  • Pelletier will lead a panel discussion focused on “ESG and The Role of Internal Audit”, discussing the increasing relevance sustainability plays within organizations, and more particularly, the audit teams who support them.
  • Other discussion topics include what lies ahead for ESG assurance and updates on the latest ESG regulations and standards.
  • Wolters Kluwer TeamMate is a global leader in audit management software with a presence in more than 135 countries.

Todyl Raises $50M in Series B Funding

Retrieved on: 
Thursday, March 7, 2024

Todyl, an industry-leading security and networking company, announced today it closed a $50 Million Series B investment round led by Base10 Partners with participation from Anthos Capital, Tech Operators, and StoneMill Ventures.

Key Points: 
  • Todyl, an industry-leading security and networking company, announced today it closed a $50 Million Series B investment round led by Base10 Partners with participation from Anthos Capital, Tech Operators, and StoneMill Ventures.
  • The Series B funding will support Todyl’s mission of revolutionizing cybersecurity with an all-in-one security platform that empowers IT professionals with the tools, insights, and automation needed to defend against ever-changing threats.
  • With the addition of SOAR, Todyl further empowers businesses to execute rapid, automated response actions across endpoints and Microsoft 365.
  • “Todyl has demonstrated that it is becoming a meaningful and serious alternative to some of the incumbents in the space.

Wolters Kluwer adds languages to TeamMate+ global audit solution

Retrieved on: 
Wednesday, March 6, 2024

Wolters Kluwer Corporate Performance & ESG (CP & ESG), has extended the language support of its TeamMate+ global audit solution to include two new languages: Greek and Swedish.

Key Points: 
  • Wolters Kluwer Corporate Performance & ESG (CP & ESG), has extended the language support of its TeamMate+ global audit solution to include two new languages: Greek and Swedish.
  • A global leader in audit management software with a presence in more than 135 countries, TeamMate provides support for auditors to collaborate globally while working with their preferred interface language.
  • The solution, which is cloud-based, also offers multi-region data hosting options, alongside regional sales and support services.
  • Frans Klaassen, Senior Vice President and General Manager, Wolters Kluwer TeamMate, commented: “TeamMate helps enable audit teams to provide the insights and assurances organizations they need to manage risk.

MetricStream Named a Leader in Third-Party Risk Management Platforms by Independent Research Firm

Retrieved on: 
Wednesday, March 6, 2024

MetricStream , the global market leader in governance, risk, and compliance (GRC), announced today that it has been named a Leader in The Forrester Wave™: Third-Party Risk Management (TPRM) Platforms, Q1 2024.

Key Points: 
  • MetricStream , the global market leader in governance, risk, and compliance (GRC), announced today that it has been named a Leader in The Forrester Wave™: Third-Party Risk Management (TPRM) Platforms, Q1 2024.
  • After identifying the 13 most significant providers, Forrester used a 24-criterion evaluation of third-party risk management (TPRM) platform providers to research, analyze, and score them.
  • According to the report, MetricStream has oriented its strategy around cognitive innovation, offering robust features to support the third-party risk lifecycle.
  • It automates the end-to-end processes of information gathering, onboarding, real-time monitoring, risk, compliance and control assessments, and risk mitigation.

 Wolters Kluwer wins Best Regulatory Compliance Solution for IFRS 9 at the RegTech Insight APAC Awards

Retrieved on: 
Wednesday, March 6, 2024

Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that its Finance, Risk and Regulatory Reporting (FRR) business has been recognized by RegTech Insight, with OneSumX winning the Best Regulatory Compliance Solution for IFRS 9, in its APAC Awards, 2024.

Key Points: 
  • Wolters Kluwer, a global leader in professional information, software solutions and services, today announced that its Finance, Risk and Regulatory Reporting (FRR) business has been recognized by RegTech Insight, with OneSumX winning the Best Regulatory Compliance Solution for IFRS 9, in its APAC Awards, 2024.
  • Angela Wilbraham, CEO at A-Team Group, and host of the 2nd annual RegTech Insight Awards APAC 2024, commented: “These awards celebrate providers of leading RegTech solutions, services and consultancy across Asia-Pacific.
  • The winners were selected by A-Team Group’s RegTech Insight community and demonstrated exceptional creativity in building solutions that solve regulatory challenges.
  • Our congratulations go to Wolters Kluwer for winning Best Regulatory Compliance Solution for IFRS 9.”
    Wolters Kluwer also won the RegTech Insight honor in 2022 .

Posh AI Welcomes Former NCUA Chairman Rodney E. Hood to Board of Directors

Retrieved on: 
Wednesday, February 28, 2024

Posh AI, the leader in conversational and generative AI solutions purpose-built for the financial industry, today announced the addition of former National Credit Union Administration (NCUA) Board Chairman Rodney E. Hood to its Board of Directors.

Key Points: 
  • Posh AI, the leader in conversational and generative AI solutions purpose-built for the financial industry, today announced the addition of former National Credit Union Administration (NCUA) Board Chairman Rodney E. Hood to its Board of Directors.
  • Most notably, he served on the NCUA Board under two presidential administrations.
  • View the full release here: https://www.businesswire.com/news/home/20240228476338/en/
    Rodney Hood joins the Posh Board of Directors.
  • (Photo: Business Wire)
    “We are deeply honored to welcome Mr. Rodney Hood to our Board of Directors,” says Posh AI’s CEO and Co-Founder Karan Kashyap.

Owlin Launches ‘Owlin for Banks’, a Comprehensive Solution for Third-Party Validation and Due Diligence

Retrieved on: 
Tuesday, February 27, 2024

Following the successful launch of Owlin's end-to-end Know Your Customer (KYC) solution tailored for Payment Service Providers (PSPs), Owlin proudly announces the release of Owlin for Banks, a comprehensive solution for Third-Party Validation and Due Diligence.

Key Points: 
  • Following the successful launch of Owlin's end-to-end Know Your Customer (KYC) solution tailored for Payment Service Providers (PSPs), Owlin proudly announces the release of Owlin for Banks, a comprehensive solution for Third-Party Validation and Due Diligence.
  • With Owlin for Banks , Owlin provides a solution for all teams within a bank that deal with Third-Party Validation and Due Diligence (e.g., vendors, Know Your Business (KYB)).
  • Owlin for Banks facilitates seamless onboarding, monitoring, and offboarding of third parties while ensuring compliance with regulatory requirements.
  • This solution will help banks utilize modern technologies like data analysis and artificial intelligence to bolster their risk management practices and maintain regulatory compliance.”

Diligent Partners with Fortune Media to Provide Exclusive Editorial Content to the C-Suite and Board Only Available in the Diligent One Platform

Retrieved on: 
Thursday, February 22, 2024

Diligent, a leading GRC SaaS company, today announced a new partnership with Fortune Media to provide exclusive, weekly editorial content from Fortune for boards and leaders in the Diligent One Platform .

Key Points: 
  • Diligent, a leading GRC SaaS company, today announced a new partnership with Fortune Media to provide exclusive, weekly editorial content from Fortune for boards and leaders in the Diligent One Platform .
  • Diligent customers will also have sole access to Fortune’s virtual roundtable events to better help directors connect with and learn from industry peers on emerging risks facing directors.
  • Now, through Diligent’s partnership with Fortune, Diligent One customers will receive:
    The Modern Board newsletter, written by Fortune editors, now exclusively found on the Diligent One Platform.
  • Original, cutting-edge research on the most pressing issues in corporate governance and risk management from Diligent Institute.

SJW Group Announces 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

SJW Group (NYSE: SJW) today reported financial results for 2023.

Key Points: 
  • SJW Group (NYSE: SJW) today reported financial results for 2023.
  • “With a strong fourth quarter, our 2023 financial results and operating performance exceeded expectations and the initial earnings per share guidance we set for SJW Group at this time last year,” stated SJW Group Chair, CEO, and President, Eric W. Thornburg.
  • In 2023 SJW Group invested $272 million in infrastructure and water supply, which exceeded our 2023 capital expenditures guidance of $255 million.
  • When considering the company's 2024 guidance relative to actual results in 2023, it is important to note that the company's adjustment to income tax reserves in 2023 resulted in an increase of $0.14 per diluted share.