Operational risk represents a substantial threat to every financial institution. Regulatory authorities have recognized this threat and have reacted by implementing the Basel II reporting framework.
Beyond capturing losses resulting from operational risk, Framesoft Solutions allow to eliminate operational risk typically associated with
- unstructured communication conducted via e-mail, telephone and fax
- manual intervention
- media breaks
Products such as Framesoft Online Negotiation (FON) or Framesoft OTC Platform (FOP) not only eliminate such operational risk. By electronically supporting all business processes, both products provide guidance and control and serve as source of valuable management information about efficiency and compliance of key business processes.