Alberta Purchasing #27.37

ATB Financial seeks replacement for Metricstream GRC application

ATB Financial, a government-owned financial institution in Alberta, is seeking proposals to replace its current Metricstream Governance, Risk, and Compliance (GRC) application. - Government Buyer: - ATB Financial (operating under the Alberta government) - OEMs and Vendors: - Metricstream (incumbent GRC application) - No specific replacement OEMs or products named - Products/Services Requested: - Replacement of Metricstream GRC application with a new enterprise-grade GRC technology platform - Key requirements: - Modernization and centralization of integrated risk management - Real-time risk analytics - Dynamic regulatory change tracking - Automated workflow capabilities - Seamless integration with existing data infrastructure - Compliance with Canadian data residency requirements - Alignment with OSFI Guideline E-21 - Unique/Notable Requirements: - Vendors must demonstrate technical maturity and robust regulatory alignment - Proven track record of successful deployment and sustained support within major North American financial institutions - Emphasis on security, flexibility, and regulatory compliance

Description

This solicitation is for the replacement of the Metricstream application within ATB Financial with a new Governance, Risk, and Compliance (GRC) technology tool. The goal is to select a strategic, enterprise-grade platform to modernize, streamline, and centralize the integrated risk management ecosystem. The platform must be flexible, highly secure, and compliant with Canadian data residency requirements, supporting real-time risk analytics, regulatory change tracking, and automated workflows. Vendors must demonstrate technical maturity, regulatory alignment, and successful deployment in major North American financial institutions.

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