Reveleus, a business of i-flex and a global provider of analytical applications for the financial services industry, says that Interbank, one of Peru’s leading commercial banks, has selected Reveleus Operational Risk as its enterprise-wide Operational Risk Management platform.
Reveleus Operational Risk will provide Interbank with a comprehensive system to monitor operational risk on a continuous basis for real-time escalation and remediation. Reveleus’ solution will provide the foundation for Basel II regulatory reporting and can be used for economic capital calculations as the bank may require in the future.
Reveleus Operational Risk is part of Reveleus’ globally successful Risk Analytics suite which has won international industry recognition. While other Reveleus Risk solutions are currently in use at various Latin American and Caribbean banks, this customer engagement marks the entry of Reveleus as a strategic operational risk solution provider. Celent Research recently named Reveleus among the top three Operational Risk vendors in the world.
“As a major bank in Peru, we strive to set the standard for Risk Management, Compliance and Internal controls,” says Francisco Quezada, the Manager of Operational Risk at Interbank. “Reveleus Operational Risk was chosen for its extensive functionality and adaptability to our very specific risk management processes.”
“Latin American banks are becoming increasingly aware of the critical importance of managing risk in their daily operations,” adds Anand Pitre, the Regional Sales Director for Latin America and Caribbean at i-flec. “This customer win is a testament to Reveleus’ suitability for the region and expands i-flex’s presence into new countries in Latin America.”
“We are excited to support Interbank’s Operational Risk strategy and execution; we expect very tangible benefits to flow from the bank’s unique approach to Operational Risk as a driver for operational improvement and compliance initiatives,” added S Ramakrishnan, the CEO of Reveleus. “Reveleus Operational Risk is committed to being a best-inclass solution that provides our clients with actionable insights to improve both processes and operational risk capital management.”