OpVantage releases latest OpVar software

Version 4.2, as the latest software is known, comes with an intranet for collecting operational risk data from different parts of the company. OpVantage said this lets users easily add an unlimited number of customised data fields. The latest version also has new modelling and reporting features, said OpVantage.

OpVantage is owned by New York-based Fitch Risk Management, a subsidiary of Fitch Ratings. Its software is designed to let users collect operational risk data, analyse and scale loss probabilities and determine operational capital-at-risk.

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