MKI allies with Amelia Financial for operational risk

MKI allies with Amelia Financial for operational risk

MKIRisk has contracted with Amelia Financial Systems to offer a new operational risk solution to complement its current Risk Vision suite of products.

Under the agreement, MKIRisk now has global sales and marketing rights to Amelia's OR2Q (Operational Risk Qualitative and Quantitative) Web-based solution, which is planned to become an integral component of Risk Vision.

Joanne Shun, MKIRisk's product marketing director says: "An integrated approach will enable MKIRisk to provide a single risk, data source and common delivery format that will augment our risk adjusted exposure, performance, regulatory and economical capital allocation capabilities."

She says the two products will provide both a quantitiative and qualititative approach to operational risk, as banks move towards satisfying the Basel II requirements.

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