JP Morgan is extending its use of Acin’s operational risk management and benchmarking platform to its global markets business units to complement the existing operational risk management practices established across the investment banking group.
Acin’s platform digitises operational risk and control management for financial institutions through a standardised, industry-wide data protocol and network.
Jamie Hamilton, global head of markets business control management, JP Morgan said, “Our established operational risk management frameworks enable the firm to monitor key areas of risk. The Acin platform and network will enable additional efficiency and a further source of practical validation.”
Acin CEO, Paul Ford (pictured) added: “With Acin’s operational risk management and benchmarking platform we are supporting clients in digitising, visualising and calibrating operational risk. It’s testament to our solution that, having successfully piloted the Acin platform within a subset of its trading businesses, one of the world’s largest and most innovative banks has deployed it throughout its global markets business. As Acin’s platform is adopted by other leading investment banks, the breadth and depth of the data it provides increases further, lifting standards across the whole industry.”
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