Press release -
4C Strategies provides software support for operational risk analysis and compliance to SBAB bank
4C Strategies provides software support for operational risk analysis and compliance to SBAB bank
London, 16th of February 2015.
Exonaut™ is 4C Strategies’ comprehensive GRC suite for organizational readiness, utilized by private sector, defense, government, and international organizations. The suite includes, amongst others, modules for operational risk management as well as for compliance and control. SBAB, the Swedish state-owned bank, have chosen to implement these modules to support their entire organization.
"SBAB has carried out a selection process with several different suppliers of operational risk systems. 4C Strategies’ Exonaut system was chosen on account of it best suiting SBAB's internal processes and that the system allows for different types of operational risk analyses" says Fredrik Ohlsson, Chief Security Officer and Head of Operational Risk, SBAB.
"4C Strategies are constantly developing Exonaut in order to align with real customer needs out in the field. One area of focus the past year has been to integrate modules for operational risk and compliance, enabling easy monitoring and follow-up of risk-mitigating controls, as well as automated regulation of risk exposure based on failed or underperforming controls" says Nicolas Espinoza , Business Development Manager for the financial sector, 4C Strategies .
"Not only did Exonaut fare well in the cost-benefit analysis, but it displayed good usability and tied together operational risk with appropriate controls in a nice way" says Fredrik Ohlsson.
"One of the main strengths of 4C Strategies as a company is that we can complement a comprehensive software offering with leading consulting expertise in risk, crisis, and continuity management" says Nicolas Espinoza.
"4C Strategies have demonstrated a high level of expertise and have been a great support to our operational risk management" says Fredrik Ohlsson.
For further information contact
Nicolas Espinoza
Topics
- Economy, Finance
Regions
- England
About 4C Strategies
4C Strategies is a leading international provider of risk management solutions. We provide our public and private sector clients with the skills, tools and End to End solutions they require to "Build, Verify & Track" their Readiness capabilities across the risk, business continuity and crisis management spectrum.
About SBAB
SBAB's business concept is to provide a new banking experience to consumers in Sweden by treating every customer as unique and being the bank that is easiest to access and understand. Today, savings and loans services are offered to private individuals, tenant owner associations and companies. During 2014, everyday banking services will also be launched, including salary accounts and bank cards. SBAB was founded in 1985 and is owned by the Swedish state. SBAB has about 350,000 customers and some 480 employees.
