Major op risk software providers grow at expense of smaller rivals
Washington, DC -- Sales of operational risk solutions seem to be on the rise, but it is established vendors who are seeing deals close. Many small or new software houses in the op risk space seem still to be experiencing a lull in sales.
Simon Moss, CEO of Mantas, a Virginia-based analytic applications firm, says that as purchases increase “and prices consolidate, larger institutions, which have much higher stakes with regard to operational risk management practice, will be looking at solutions with traceable track records. Adoption of a particular solution will depend on the provider’s integrity.”
The big institutions also turn
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