More tools on the market
BRUSSELS AND NEW YORK – Two firms brought new op risk software products to the market in September – Brussels-based FRS and New York-based Mantas. The op risk software industry is growing more crowded, with other firms such as Protiviti entering this year, and both SunGard and OpenPages rumoured to be developing solutions.
FRS, a provider of enterprise risk and regulatory compliance solutions and a business unit of S1, unveiled the FRS Active Guidance Catalogue, an aggregation of 'best practices' as defined by standards bodies, such as Committee of Sponsoring Organisations, the Office of the Comptroller of the Currency, the Public Company Accounting Oversight Board, and learned through customer implementations. The Active Guidance Catalogue consists of approximately 350 risks, 600 controls and 100 actions, which
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