Chase Cooper excels in the Middle East

25 September 2008

Chase Cooper, a market leader in risk and compliance solutions today announced its 8th software deal in Bahrain for aCCelerate, the award winning operational risk system. The majority of the top fifteen Bahraini banks now use aCCelerate as the hub for their global operational risk management function.

Due to the dynamic nature of the financial services market in the Middle East, banks demand world class functionality, fast implementation timescales and the support of a vendor committed to the region. With regulators across the region dedicated to transparent regulation and with the focus on more rigorous risk management and stress testing to meet the challenges facing the industry, Chase Cooper has addressed these requirements in full and has emerged a clear leader with its aCCelerate suite of operational risk solutions. aCCelerate has the unique ability to scale up and down, making it an equally compelling proposition for both the smallest asset manager and the largest bank.

Jason Were, Director of Sales, Chase Cooper said, ‘It is a very exciting time for Chase Cooper and our clients in the Middle East. With the vision of the regulators and the impressive investment in the region, the Middle East is a key market for us and we look forward to continuing to build strong business partnerships with our clients and supporting them to achieve their vision as premier global institutions in the Middle East. Chase Cooper has established its ability to support the GCC financial industry in meeting the operational risk management challenge through aCCelerate’s risk management in particular around issue management, scenario analysis and economic capital modelling capabilities.”

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