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Hitec Laboratories and Risk reward Limited Announce New partnership

Hitec Laboratories and Risk Reward Ltd have announced a Strategic Partnership Alliance.

Risk Reward, based in Essex, UK, is made up of a team, of prominent experienced Consultants in the field of Risk and Strategic Management, providing unbiased independent advice for the Financial Services Industry. As experts in their field, Risk Reward enables companies to meet the challenges set for risk management internationally by the Basel Accord and for operational risk in the UK by CP142 issued by the Financial Services Authority, whilst adding value to their business.

Hitec Laboratories also focus their expertise on assisting the Financial Sector and have built a reputation as a leading international supplier of Electronic Document & Content Management (eDM) solutions. Established for over 12 years, Hitec’s client base exceeds 600 installations, including Banks (Central, Wholesale, Retail and Private), Financial Service Companies, Building Societies, as well as commercial organisations.

This partnership could not come at a better time as the Banking and Financial Sector marketplace has been inundated with regulatory compliance issues, statutory obligations and questions raised about Security and Contingency.

Through the partnership, it is possible to advise companies how to best deal with the development of operational and holistic risk frameworks, management reporting and other such business processes more efficiently and effectively, whilst providing the mechanics to securely archive and retain vital corporate information for years in a central repository with user strict security access. Not only can standard day-to-day documentation such as e-mails (& attachments), Customer correspondence, MS docs, PDF’s be permanently captured, but also more crucial documents like statements, application forms, mortgage information, transaction data, telex and SWIFT messages.

Risk Reward are equally pleased with the relationship, as Dennis Cox, Managing Director, Risk Reward, comments “Understanding how an institution adds value and finding out what its unique selling points are have become of even greater importance in these highly competitive markets. Our ability to assist firms appreciate their risk structures leads to better understanding of risk drivers. Hitec Laboratories offer a solution which provides both flexibility and business efficiency benefits. As such Hitec Laboratories become the solution to some of the business risk issues that our clients face on a regular basis. ”