operational riskRSS

OCC flags risks facing US banks and financial institutions

Banks in the US continue to face many risks, the OCC finds

Strategic, credit, operational and compliance risks remain “top concerns” for the financial services industry in the US, according to the latest report by the Office of the Comptroller of the Currency (OCC).

Blom Bank automates operational risk with Wolters Kluwer’s OneSumX

Lebanon-based Blom Bank automates operational risk with OneSumX

Lebanon-based Blom Bank has signed for Wolters Kluwer’s flagship solution, OneSumX, for operational risk management. The project will be delivered by the vendor’s local partner, Advanced Financial Solutions. OneSumX Operational Risk “automates and simplifies” the process of collecting, storing, analysing, tracking and reporting on information relevant to operational losses, risk and control assessments, says Wolters […]