New study underlines troubled state of op risk tech industry

London -- A new study published by risk consulting firm Raging Torrents International concludes that vendor risk is very high in the operational risk technology area, and notes that the environment for financial institution spending on op risk vendor solutions is far from healthy. The overall environment is not set to improve substantially until early 2004.

"It is a very, very tough market to sell into," says Mike Finlay, director of the London-based Raging Torrents. "Banks do not yet have

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