Reveleus has released version 4.0 of its Reveleus Operational Risk solution.

The suite offers a common operational risk and compliance platform for companies to address Basel II operational issues. Sarbanes-Oxley, internal controls and operational management matters are also covered.

Businesses will be able to identify controls which need to be monitored, processes redesigned, align controls with business processes and the root cause of risk events.

Key risk indicators (KRIs) can be be tracked, risks identified. Control and risk self-assessments conducted, controls tested and action planning.

Reveleus Operational Risk and the Reveleus Basel II solution now share a common rules and run framework and data management capabilities.

Specifically the solution has an Economic Capital Data Management capability which imports, cleans, scales, defines relevance and maps external loss data and brings it together with the internal losses for the purpose of economic capital calculation.

"With the availability of Reveleus Operational Risk, financial institutions can now look forward to a flexible operational risk and compliance solution which can truly scale at the enterprise level," said, S. Ramakrishnan CEO of Reveleus. "Our focus is on supporting our customers' needs with deep functionality and continued extension of the Reveleus Enterprise Risk and Compliance offerings."

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