Many Operational Risk Management systems do not get beyond the stage of qualitative analysis and tend to be no more than scorecards or self-assessment tools. Others add a simple level of workflow but do not satisfy the complex requirements of business mapping.
With Accelerate, we have designed and developed a system that spans the spectrum of regulatory requirements and provides functionality, flexibility and robustness to tackle the needs of every size of firm that requires an Operational Risk Management solution.
Accelerate comprises three integrated functions:
- Analyser — the core, incorporating assessment, analysis, event management and reporting
- Economic Capital Optimiser (ECO) — Provides models for capital calculation
- Control Failure Modelling (CFM) — Manages and monitors controls
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