Nels V. Marin to Provide Strategic Direction for Financial Sector
Initiatives
PORTLAND, Ore. and NEW YORK, March 4 /PRNewswire/ -- Collaborative
Software Initiative (CSI), the company that brings like-minded
organizations together to work on collaborative software at a fraction of
the cost, today announced that Nels V. Marin has been named to CSI's
Advisory Council. Based in New York City, Mr. Marin will be responsible for
strategy and business development for CSI's financial sector activities.
Mr. Marin most recently directed strategy for the North American
Infrastructure Group at Citigroup. He also served as Global Head of
Infrastructure for Barclays Capital where he focused on improving the
performance, reliability and availability of global production systems. Mr.
Marin served as Managing Director and Head of Global Infrastructure for
Credit Suisse for 16 years.
"CSI has responded to the requests of wall street banks who wanted to
collaborate on certain compliance projects," said Stuart Cohen, CEO. "This
sector has become an important focus for the company. We wanted to add
someone to the Advisory Council who was strategic and technical as well as
knowledgeable about the compliance and regulatory challenges the financial
industry faces. Nels has a strong background in strategic development,
process improvement, and implementation of service delivery IT systems."
"CSI's collaborative model delivers many opportunities for me to apply
my specific expertise in meeting global regulatory and compliance
requirements," Marin said. "Our model is a high value critical component of
the financial services business solution that CSI brings to bear in a
practical yet innovative way across the industry."
CSI is a member of the Financial Institution Shared Assessments Program
(http://www.bitsinfo.org/fisap) created by BITS, a non-profit industry
consortium made up of 100 of the largest financial institutions in the
United States. CSI has allowed financial institutions to make vendor data
more readily available through a web services front-end application for
collection and editing shared assessment submissions and an XML schema for
validating and accepting those submissions as XML documents. The CSI
web-based compliance questionnaire framework can run on its own or be
directly integrated with existing operational risk systems.
About Collaborative Software Initiative
Collaborative Software Initiative (CSI) was founded in 2007 by Stuart
Cohen, a veteran IT executive and former chief executive officer at the
Open Source Development Labs. Cohen has partnered with Evan Bauer,
financial services industry veteran and former chief technology officer at
Credit Suisse, to bring together like-minded companies to build software
applications at half the cost of outsourcing. CSI introduces a
market-changing process that applies open source methodologies to building
Collaborative Software -- software developed or acquired by a variety of
companies at a fraction of internal developer or outsourcing costs.
CSI engages the power of community to build project teams and provides
the central project management function for developing Collaborative
Software, including development, testing and support for the code. The CSI
also offers the software to a broader base of customers under the open
source licensing or Software as a Service (Saas) models.
For applications that don't enable competitive advantage or are associated
with non-value added activities such as compliance, Collaborative Software
allows business managers to maintain individual control and direction over a
project while accelerating compliance, reducing costs and consolidating
project timelines. CSI delivers on this new promise of Collaborative Software
-- on time and on budget.
Media Contacts:
East Coast West Coast
Steph Johnson Jennifer Cloer
Page One PR Page One PR
O: 212-410-2254 O: 503-746-7577
M: 917-805-6925 M: 503-867-2304
Steph@pageonepr.com Jennifer@pageonepr.com
SOURCE Collaborative Software Initiative
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Related links:
http://www.bitsinfo.org/fisap
CONTACT:
Steph Johnson, +1-212-410-2254, cell,
+1-917-805-6925, Steph@pageonepr.com, or Jennifer Cloer,
+1-503-746-7577, cell, +1-503-867-2304, Jennifer@pageonepr.com,
both of Page One PR for Collaborative Software Initiative
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