Abbey National plc purchases raft radar for Group Wide Operational Risk Management

Abbey National plc, the UK’s sixth largest banking group as measured by assets, has chosen raft radar for the active management of its operational exposures. raft radar is Raft International’s leading edge operational risk management application.

Abbey National’s new enterprise-wide operational risk management system will initially comprise three of the raft radar modules: Incident Capture, Key Management Indicators and Processes, Risks and Controls. The integrated, web-based incident capture processes will be installed throughout the Company

Gerry Wilkinson, Radar Product Manager at Raft International said “We are delighted to have the opportunity of working with Abbey National to support their approach to risk assessment and identification. This is a significant opportunity for us as it opens up a brand new segment of the market – retail banking.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development