Audience
Organizations in need of a solution automates the entire process of operational risk
About Azilon Risk Manager
Operational Risk Management is defined under the Basel Banking Accord as the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. Whatever your business and even before you have sold a product, operational risk threats are prevalent. The ability to understand such exposures, both in likelihood of occurrence and impact ensures that you can prioritize effective control for the most serious of risks. Understanding causality of faults will also assist staff improve their business practices, reduce costly errors and maintain a high level of delivery to your customers. Loss Data often referred to as internal data and is the process of accurately tracking loss event information and assigning such data points to business units, processes and control failures that caused or contributed to a fault.
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