JPMorgan Treasury Services says that South African banking group Absa has bought its Web-based operational risk management solution, JP Morgan Horizon.
“We are extremely excited to be entering the African market with such a respected and noteworthy financial institution,” explains Craig Spielmann, Horizon Business Executive for JPMorgan Treasury Services. “Horizon is a proven operational risk solution, and Absa’s decision to employ it demonstrates their continued commitment to excellence.”
JP Morgan says Absa chose Horizon because of “its ability to create control transparency across the Group’s business lines, as well as the solution’s ease of use and JPMorgan’s excellent client references.”
“The real value of Horizon lies within the opportunity to use it as a day-to-day risk management tool at business level,” adds Gert van Wyk, Absa’s general manager of operational risk and assurance as well as chief auditor.