idRisk launches new solution to improve operational risk management

Chief executive officers and the senior management of financial institutions are under greater pressure than ever from the UK Financial Services Authority (FSA) to demonstrate that their organisation meets operational, credit and group risk requirements. One of the key stipulations is that organisations have early warning systems in place so that if a problem occurs management can respond quickly.

idRisk Limited has launched an innovative solution to help meet this need by combining a unique and proven risk methodology with a leading real-time analytical and simulation technology. This solution works alongside a company’s legacy systems and integrates data from multiple sources (operational and external) to deliver the relevant and up-to-date information needed by executive directors. This enables rapid identification and measurement of an organisation’s compliance and risk issues, which in-turn allows management to make a timely response.

www.idrisk.co.uk

•Date: 14th November 2003 •Region: UK •Type: Article •Topic: Operational risk
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