Types of software that commercial banks used.

Operational Risk Management (ORM)

Benefits
Acquire a good understanding of your company risk profile as it relates to your company strategy, objectives, and risk universe. Establish a risk methodology integrating qualitative and quantitative approaches. Deploy a flexible program adapted to your organization that increases communication, collaboration and accountability. Share a common language and framework about risks and establish a strong risk culture. Improve operational risk governance by linking risk analysis to business processes to increase investors value.

Enhanced by 19 years of expertise in business process improvement, MEGA's risk management software helps risk managers create sustained value for their company by understanding and implementing solid operational risk management.
Operational Risk Management Challenges

To protect the company against unexpected hazards, operational risk managers in financial services are challenged to find sustainable ways to handle risk identification, risk assessment and control assessment. Today, ORM is much more than a compliance exercise; it provides significant value because it can reduce losses, increase capital savings, and protect the valued reputation of the enterprise. Challenges faced by operational risk managers include:

How to transform regulatory requirements into competitive advantage. How to insure market confidence. How to ensure that the information presented to regulators and management is defensible, consistent, and enduring. How to create sustainable value from ORM by improving business performance and safeguarding business continuity.
The MEGA Operational Risk Management Solution

The MEGA ORM Solution helps risk managers gain comprehensive insight into the companys risk profile and adopt the right risk methodology for risk assessment and control assessment. This is accomplished by integrating information on incidents and internal and external losses, and key risk and performance indicators (KRI and KPI). The solution supports the Advanced Measurement Approach (AMA) for operational risks with sophisticated methods within a user-friendly graphic user interface. It uses the loss distribution approach (LDA) with probability distribution functions and Monte Carlo simulations for VaR/eCap calculations. In addition, complex operational risk modeling and scenario calculation with Bayesian networks are available. It also generates reports for boards of directors, auditors, and regulators. MEGA offers solutions for the Basel II and Solvency II frameworks. The MEGA ORM Solution is composed of easy-to-use and flexible risk management software tools, based on a common Web platform. The solution is reinforced by expertise from MEGAs international team of consultants, who help risk managers implement a consistent solution that is adaptable to the specific needs of the organization.