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Heinz HF Frangel
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RZB selects ORC

Raiffeisen Zentralbank Österreich AG (RZB) has chosen the ORC (Operational Risk Center) software by interexa AG as a tool for operational risk management.

The implementation project will start in the second quarter of 2010.

"interexa AG welcomes the decision of RZB. This project fits very well to the strategy of international standardization of risk management for Financial Services" says Heinz Frangel, board member of interexa AG.

Interexa AG, located in Mainz (Germany) has been realizing IT solutions since 1999 for companies in the financial industry sector. Interexa specializes in risk management with regard to the controlling of operational risks and counts among its clients the lion part of the top 30 banks in Germany as well as small and medium-sized financial service providers.