launched the first element of the OpRisk IntelliSet in 2005, 220 firms have subscribed to and used various elements of the OpRisk IntelliSet, which is made up generically of Risk Content Services, Risk Information Services and Risk Tools. The geographic spread of these subscription clients reflects 45% Europe, Middle East and Africa, 20% in Asia-Pacific and 35% in the Americas. From an industry split, 85% of subscribers are in banking, 8% in insurance, 3% are non financial services firms and the remaining 3% are industry associations, with whom RiskBusiness
has partnered to deliver loss data consortia and data benchmarking services.
OpRisk IntelliSet has 7,992 defined users with an average of 250 unique logins per day, with the maximum log ins on a single day to date having been 1474. As at 14 February 2014, the OpRisk IntelliSet has processed 211,085 individual KRI data submissions, 529,529 loss events, 7,133 scenario assessments, 3,447 risk assessments and 2,887 risk profiles for its subscribers and been used to manage 5,676 remedial action items. These significant statistics illustrate that the RiskBusiness
OpRisk IntelliSet is capable of supporting from the smallest to the very largest of firms.
In 2010, OpRisk&Compliance magazine recognised RiskBusiness
’ contribution by awarding it one of just ten 10 Years of Excellence Awards for its work around Risk Content, specifically in classification taxonomies and the KRI Library. In the 2012 Software Rankings issued by Operational Risk&Regulation magazine, the RiskBusiness
OpRisk IntelliSet was ranked 7th overall, up from 12th place in 2011 – and the highest ranked Software-as-a-Service (SaaS)/cloud computing solution.
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