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Abbey National manages operational risk with raft radar

28 May 2003  |  3780 views  |  0 Abbey National manages operational risk with raft radar

Abbey National has licensed Raft International's component-based operational risk management application, raft radar, to manage exposures across the enterprise.

Abbey National will initally deploy three modules from the Internet enabled package - Incident Capture, Key Management Indicators and Processes, Risks and Controls.

Gerry Wilkinson, radar product manager, Raft International, says: "This is a significant opportunity for us as it opens up a brand new segment of the market – retail banking."

Shares in Raft rose 71% to 6.62p on the news.

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