Providus launches RiskResolve 3.5 to boost internal controls

Nashua, NH – Providus, a risk management and regulatory compliance services provider based in New Hampshire, has launched RiskResolve 3.5 – an operational risk management (ORM) solution that enables real-time detection and correction of risks and control failures.

Edward Shea, vice-president for product management and financial markets said in an interview that the solution would be rolled out in May 2004. He said the most important addition in the latest version of RiskResolve is the ability to classify several different compliance controls in one tool. “We started this tool as a control self-assessment solution exclusively for operational risk in financial institutions, but the evolution of processes in the industry created a need for a tool that

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