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Software and Process Compliancy for Financial Institutions by PWC and Transtrack
AMSTERDAM, June 17, 2011/PRNewswire/ --
Transtrack and PWC entered into a long-term cooperation to strengthen
controls measures within the CashWebCommunity (CWC) software product for
financial institutions.
Transtrack International assigned PWC to audit Transtrack's development
processes and software for compliancy with US standard SAS70/SSAE16
(Reporting on Controls at a Service organization) and the similar global
standard ISAE 3402.
The initial assessment is performed in June 2011 and the outcome will be
processed within the development processes and software where applicable.
For each new release of the software a new assessment will guarantee
continuous compliancy.
For Central Banks, Commercial Banks, Retailers and Cash-In-Transit
businesses the reliability of the cash supply chain processes and supporting
software are a basic requirement. It is Transtracks ambition and goal to
support these organisations with their CWC solution. As software vendor
Transtrack wants to provide a high quality product that fits the high
standards of the financial services institutions.
"The assignment of PWC supports Transtrack to achieve a higher quality
software product in respect to compliancy demands on controls. With this
initiative Transtrack invests in her software to support clients in reaching
their compliancy standards.", says Wim Hutten, Partner of PWC the
Netherlands.
PWC is specialized in assurance and advisory services for financial
institutions and operates in over 160 countries. In cooperation with
Transtrack PWC is able to support service organizations in implementing and
maintaining a SSAE16/ISAE3402 compliant process and services with CWC
software.
Transtrack is market leader in the field of software solutions that
address the control and management of all processes within the cash supply
chain. "Our clients require compliant systems and processes and our
guarantee the cash is securely and professionally managed by the software,"
said Ronald van Vliet, Managing Director of Transtrack. "Our development of
these types of innovations and compliancy processes is aimed at improving
the quality and efficiency of the cash supply chain."
The CWC software enables Banks and Cash businesses to operate a web
enabled cash management solution that allows for effective outsourcing of
cash services and improving the supply chain cooperation aiming at lower
costs and higher quality of control and visibility. W:
http://www.transtrack.nl
W: http://www.pwc.nl
Source: Transtrack International
For more information: Transtrack International, Ronald van Vliet, T: +31(0)20-888-4722, E: info@transtrack.nl; PWC, Wim Hutten, T: +31(0)88-8792-46-65, E: wim.hutten@nl.pwc.com
Software and Process Compliancy for Financial Institutions by PWC and Transtrack
AMSTERDAM, June 17, 2011/PRNewswire/ --
Transtrack and PWC entered into a long-term cooperation to strengthen
controls measures within the CashWebCommunity (CWC) software product for
financial institutions.
Transtrack International assigned PWC to audit Transtrack's development
processes and software for compliancy with US standard SAS70/SSAE16
(Reporting on Controls at a Service organization) and the similar global
standard ISAE 3402.
The initial assessment is performed in June 2011 and the outcome will be
processed within the development processes and software where applicable.
For each new release of the software a new assessment will guarantee
continuous compliancy.
For Central Banks, Commercial Banks, Retailers and Cash-In-Transit
businesses the reliability of the cash supply chain processes and supporting
software are a basic requirement. It is Transtracks ambition and goal to
support these organisations with their CWC solution. As software vendor
Transtrack wants to provide a high quality product that fits the high
standards of the financial services institutions.
"The assignment of PWC supports Transtrack to achieve a higher quality
software product in respect to compliancy demands on controls. With this
initiative Transtrack invests in her software to support clients in reaching
their compliancy standards.", says Wim Hutten, Partner of PWC the
Netherlands.
PWC is specialized in assurance and advisory services for financial
institutions and operates in over 160 countries. In cooperation with
Transtrack PWC is able to support service organizations in implementing and
maintaining a SSAE16/ISAE3402 compliant process and services with CWC
software.
Transtrack is market leader in the field of software solutions that
address the control and management of all processes within the cash supply
chain. "Our clients require compliant systems and processes and our
guarantee the cash is securely and professionally managed by the software,"
said Ronald van Vliet, Managing Director of Transtrack. "Our development of
these types of innovations and compliancy processes is aimed at improving
the quality and efficiency of the cash supply chain."
The CWC software enables Banks and Cash businesses to operate a web
enabled cash management solution that allows for effective outsourcing of
cash services and improving the supply chain cooperation aiming at lower
costs and higher quality of control and visibility. W:
http://www.transtrack.nl
W: http://www.pwc.nl
Source: Transtrack International
For more information: Transtrack International, Ronald van Vliet, T: +31(0)20-888-4722, E: info@transtrack.nl; PWC, Wim Hutten, T: +31(0)88-8792-46-65, E: wim.hutten@nl.pwc.com