SEB purchases Optial software package
Stockholm – Scandanavian banking group, Skandinaviska Enskilda Banken (SEB) announced the purchase of a new operational risk management software package from London-based audit, compliance and risk management IT firm Optial in early November, in a move designed to make operational risk management an integrated part of banking.
SEB is deploying the Optial web-based system over the next nine months, including a loss database, operational risk self-assessments, key risk indicators, internal control monitoring and policy distribution. When the roll-out is completed, approximately 21,000 SEB staff will use the system across 20 countries in SEB's global enterprise.
According to Lars Hansen, head of group operational risk at
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