HBOS rolls out Algorithmics operational loss collection
TORONTO, CANADA – Algorithmics, a Canadian risk management software company, said in November that UK-based financial services firm HBOS had implemented its Algo OpRisk Data module, a flexible and configurable data infrastructure for all operational risk data. Algo OpData allows Web-based entry, storage and reporting of key risk indicators, as well as tracking of a bank’s losses, near misses and issues.
HBOS approved the final development version of Algo OpData in July and is now actively using
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