Banks Tackle Op Risk

Banks misplacing millions of pounds and dollars may sound absurd, but operational risk makes it more commonplace than you might think.

In recent years bankers and financial professionals have begun to recognize the crucial importance of operational risk (op risk). The safe handling of a bank’s processes and procedures, underpinning major international transactions, is still supported by existing infrastructures. These are often obsolete, as they can no longer handle complex banking practices or the volume and sophistication of customer demand. Banks need to set up flexible and intelligent technology that will manage internal