London, England, 12 March 2007: Optial announced today that Rothschild, one of the world's leading independent investment banking groups, has selected Optial’s Operational Risk Management platform and has commenced a staged rollout plan. Rothschild Bank AG Zurich has recently gone live on Optial, supporting their Operational Risk Management processes, and implementation for N. M. Rothschild & Sons UK has also now commenced.
Chris O’Brien, CEO of Optial, said, “Deploying Optial adds a key additional layer in the overall management of a financial institution’s operational risk, bringing together all potential risks within a control framework and enabling management to focus on the biggest potential risks. The project in Zurich took advantage of our new quick start approach to implementation of the Optial system. By using this standardised pre-configured solution, Rothschild in Zurich were able to take advantage of industry best practice, as well as having a system live and running in a matter of a few weeks. We look forward to delivering a high quality solution for London by maintaining the same high standards”.
About Rothschild
Rothschild is one of the world's leading independent investment banking groups. The Rothschild Group employs over 2,000 personnel worldwide, located in over 22 countries.
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), Banksys 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, Business Development, press@optial.com, +44 (0) 20 7247 7673
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