Portiva Corporation announced today that Dexia SA has selected Portivaâs J- PORTÂ® software suite to provide operational risk management assistance in performing risk self assessments, managing action plans, capturing loss event data, and recording key risk indicators. Dexia intends to roll out J-PORTÂ® to all of its locations worldwide, beginning in January 2005.
J-PORTâs flexibility in meeting the bankâs methodology and complex business unit hierarchy was a key factor in winning the business as Marc Echilley, head of the Groupâs operational risk management unit stated,
"Dexia SA has been looking for a global operational risk tool encompassing a loss database, self-assessments, action plan and key risk indicator modules. Portivaâs solution has proved very flexible in handling all components of our methodology and most promising in terms of meeting future (market) needs. The product is clearly well thought out and has been developed in order to accommodate a wide range of clients and organizations."
Marc Echilley Dexia Group Operational Risk Management
Frank Stepp, Portivaâs Chief Operating Officer, said, "Dexia is the type of account every vendor would like to have. From the beginning, they were very professional and fair in their assessment of the software. The risk management group at Dexia has a very mature, well thought out, methodology that will make good use of J-PORTâs many options."