Reuters enters the op risk software market

NEW YORK - Reuters is the newest player in the op risk software field. The global information technology company is preparing to launch an as-yet-unnamed op risk software solution in the next two months, says Julian Fisher, head of operational risk at Reuters Risk Management in New York.

"Not many of the competitors out there have fully integrated products that go above and beyond the minimum regulatory requirements," he says. "A lot of operational risk is good business management. So within operational risk, we are also looking at efficiencies and turning what is effectively a cost centre into a profit centre."

The Reuters system will automatically capture loss events via adaptors into existing systems, through workflow-integration technology. It will then feed the data

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