Deutsche Bank AG has signed a global perpetual licence contract for the BCS Operational Control Architecture. The contract is of a material size to BCS and represents further evidence of the demand for Control solutions amongst the world’s leading financial organisations.
BCS Operational Control Architecture (OCA)is a suite of Control modules which offers an integrated internal control framework covering the certification process, incident management, balance sheet integrity, KPI’s and KRI’s, audit points and regulatory requirements. The OCA can also be embedded into a bank’s normal business lines. Martin Preen, COO Business Control Solutions Group plc, commented:
“Deutsche Bank can now be added to our ever growing client list of top industry names. This announcement provides further evidence of the importance that the world’s premier financial institutions now attach to developing a strategic control platform in response to ever-increasing regulatory demands in the sector. It is especially good to see the growing acceptance that placing control within the line functions is the way to go forward.”