Netrisk Signs Up CIBC & Erste Bank


The Canadian Imperial Bank of Commerce (CIBC) and the second-largest Austrian bank, Erste Bank, have purchased licences for RiskOps, the software product for measuring and managing enterprise-wide operational risk, developed by the US risk management software and advisory firm NetRisk.

The investment in RiskOps is an attempt by both banks to expose and quantify the operational risks across all units of their businesses, evaluate the performance of these units and so improve strategic decision

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