Zema and WGC Partner to Develop a Dodd-Frank Technology Solution
June 28, 2012, Denver, Colorado -
June 28, 2012 – Richmond, B.C. – Zema PowerGroup Inc. (Zema) is pleased to announce it has joined forces with Willis Group Consulting (WGC) to build a comprehensive Dodd-Frank technology solution that will meet the compliance needs of the commodities industry. This solution will facilitate the Extract, Transform, Load (ETL) process for organizations with data retention and reporting requirements mandated under the Dodd-Frank Act. Together, Zema’s award winning Zema technology and WGC’s deep industry and regulations knowledge promise to deliver the most comprehensive Dodd-Frank reporting and data management solution available.
Few in the energy, commodities or financial sector understand the full implications the Dodd-Frank Act will have on their organizations. It is complex, far-reaching in scope and packed with regulation enforcement tools and wide jurisdiction. New transparency and reporting obligations may require extensive corporate restructuring of business processes, technology systems and operational standards.
“We already have a well-developed software suite that is widely used by corporations of all sizes for complex data management, reporting and integration and is a perfect fit for this new challenge.” says Aiman El-Ramly, Zema’s Chief Strategy Officer.“ Our partnership with WGC will offer clients a powerful technology and knowledge asset and assurance that their Dodd-Frank requirements will be handled effectively. Our offering is flexible, cost effective and highly extendable to a wide range of externally or internally built ETRM platforms.“
“We are excited to be in partnership with Zema.” says James Yu, Managing Director of ETRM and Dodd-Frank for WGC. “Based on our work with Swap Dealers and End-User clients, we were able to identify various IT and process gaps that we were able to resolve using the Zema framework. We know the Zema Dodd-Frank Solution can assist clients meet their regulatory needs.”
Together, Zema and WGC provide a powerful combination of experience in energy, commodities, finance and software industries to solve your Dodd-Frank compliance needs.
To find out more about the Zema Dodd-Frank Solution, contact: dodd-frank@ze.com.
For media inquiries please contact:
Claire Peel,
Chief Marketing Officer
Direct: +447801932631
Email: claire.peel@ze.com