Dexia rolls out Portiva for operational risk management

Source: Dexia

Portiva Corporation announced that Dexia SA has selected Portiva's J-PORT® software suite to provide operational risk management assistance in performing risk self assessments, managing action plans, capturing loss event data, and recording key risk indicators. Dexia intends to roll out J-PORT to all of its locations worldwide, beginning in January 2005.

J-PORT's flexibility in meeting the bank's methodology and complex business unit hierarchy was a key factor in winning the business as Marc Echilley, head of the Group's operational risk management unit stated.

"Dexia SA has been looking for a global operational risk tool encompassing a loss database, self-assessments, action plan and key risk indicator modules. Portiva's solution has proved very flexible in handling all components of our methodology and most promising in terms of meeting future (market) needs. The product is clearly well thought out and has been developed in order to accommodate a wide range of clients and organizations," says Marc Echilley Dexia Group Operational Risk Management.

Frank Stepp, Portiva's Chief Operating Officer, said, "Dexia is the type of account every vendor would like to have. From the beginning, they were professional and fair in their assessment of the software. The risk management group at Dexia has a very mature, well thought out, methodology that will make good use of J-PORT's many options."

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