London, England, 4 June 2007: Optial announced today that the Bank of England has selected Optial’s Incident Management module from the Optial Operational Risk Management platform.
Chris O’Brien, CEO of Optial, said “An incident management solution requires flexibility and a strong workflow management component in institutions which have very diverse needs. Deploying Optial will assist in enhancing the Bank’s risk strategy and framework. This includes the revision of Bank-wide guidelines on event/incident capture and reporting, to improve consistency and completeness of information across business areas. The Optial system architecture provides a robust framework and has been developed from the ground up with flexibility, scalability and security in mind. We are delighted to be working with the Bank on this important initiative.”
About Optial
Optial (www.optial.com) has the largest installed blue-chip geographic footprint of any Operational Risk software platform: it is deployed across 50 countries by a client base including companies such as Skandinaviska Enskilda Banken AB (SEB), Atos Worldline and Standard Chartered Bank. It is supported from centres in London, Atlanta and Sydney.
The Optial platform delivers rapid configuration, low-cost deployment and low maintenance with future-proofing. Built-in KRIs and Loss Database allow firms to align their system with Basel II requirements for Operational Risk Management, while Web Services interfaces and software developer kit enables simplified integration with other systems such as HR and CRM for two-way automated data exchange and single sign on.
Press contact:
Colin Spiller, press@optial.com, +44 (0) 20 7247 7673
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