Banks seek a single op risk software solution
Consolidation in the op risk software market has gained pace over recent months in response to demand from the market for more integrated solutions, as well as being a natural consequence of the maturing market
The rapid pace of regulatory change around the world is creating a compliance headache for financial institutions. The global financial crisis demonstrated to the world that banks did not have an integrated view of their risk profile, and the US stress tests conducted in 2009 revealed how difficult it is for firms to access data in various business lines due to the siloed nature of their
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