Optial announced today that the Bank of England has selected Optial's Incident Management module from the Optial Operational Risk Management platform.
Chris O'Brien, CEO of Optial, said "An incident management solution requires flexibility and a strong workflow management component in institutions which have very diverse needs. Deploying Optial will assist in enhancing the Bank's risk strategy and framework. This includes the revision of Bank-wide guidelines on event/incident capture and reporting, to improve consistency and completeness of information across business areas. The Optial system architecture provides a robust framework and has been developed from the ground up with flexibility, scalability and security in mind. We are delighted to be working with the Bank on this important initiative."