A pinch of staff, a heaping tablespoon of funds, and a cup ofother resources proved to be the right ingredients for theprimordial soup that became OpVantage (www.opvantage.com), a new softwarecompany formed by professional services organizationPricewaterhouseCoopers (www.pwcglobal.com) and risk solutiondeveloper NetRisk (www.netrisk.com).
|Headquartered in Connecticut, OpVantage wants to be the globalking of quantifying operational risk for financial institutions. Itbought OpVaR risk management methodology and data from PwC;meanwhile, NetRisk has tossed in its RiskOps operational riskmeasurement and management software, databases, andmethodologies.
|The companies believe the RiskOps/OpVaR combo-throughOpVantage-will offer the most comprehensive operational riskquantification software and loss databases.
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