Optial announced today that Rothschild, one of the world's leading independent investment banking groups, has selected Optial's Operational Risk Management platform and has commenced a staged rollout plan.
Rothschild Bank AG Zurich has recently gone live on Optial, supporting their Operational Risk Management processes, and implementation for N. M. Rothschild & Sons UK has also now commenced.
Chris O'Brien, CEO of Optial, said, "Deploying Optial adds a key additional layer in the overall management of a financial institution's operational risk, bringing together all potential risks within a control framework and enabling management to focus on the biggest potential risks. The project in Zurich took advantage of our new quick start approach to implementation of the Optial system. By using this standardised pre-configured solution, Rothschild in Zurich were able to take advantage of industry best practice, as well as having a system live and running in a matter of a few weeks. We look forward to delivering a high quality solution for London by maintaining the same high standards".