IBM OpenPages Operational Risk Management from IBM

An enterprise platform that helps banks manage operational risk through a structured framework. Includes capabilities for risk and control self-assessments, key risk indicators, incident management, scenario analysis, capital calculation, and regulatory reporting aligned with Basel requirements.

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Product analysis by function

Operational Risk Management for Risk Management

Platforms for identifying, assessing, and mitigating risks from inadequate processes, people, systems, or external events.
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User Access Controls
(0 Yes /0 Known /10 Possible features)

Data Integrity & Audit Trails
(0 Yes /0 Known /10 Possible features)

Risk & Incident Reporting
(0 Yes /0 Known /10 Possible features)

Risk Assessment & Evaluation
(0 Yes /0 Known /10 Possible features)

Control Management
(0 Yes /0 Known /10 Possible features)

Workflow & Task Automation
(0 Yes /0 Known /10 Possible features)

Reporting & Analytics
(0 Yes /0 Known /10 Possible features)

Integration & Interoperability
(0 Yes /0 Known /10 Possible features)

Compliance & Regulatory Support
(0 Yes /0 Known /10 Possible features)

Risk Notification & Escalation
(0 Yes /0 Known /10 Possible features)

Security & Reliability
(0 Yes /0 Known /10 Possible features)

User Access and Security
(0 Yes /0 Known /12 Possible features)

Risk Identification & Assessment
(0 Yes /0 Known /11 Possible features)

Incident Management & Loss Event Capture
(0 Yes /0 Known /11 Possible features)

Control Management & Testing
(0 Yes /0 Known /10 Possible features)

Action Planning & Issue Remediation
(0 Yes /0 Known /9 Possible features)

Reporting & Analytics
(0 Yes /0 Known /11 Possible features)

Workflow & Automation
(0 Yes /0 Known /9 Possible features)

Regulatory Compliance Management
(0 Yes /0 Known /8 Possible features)

Integration & Interoperability
(0 Yes /0 Known /8 Possible features)

Configuration & Customization
(0 Yes /0 Known /9 Possible features)

Scalability, Performance & Support
(0 Yes /0 Known /10 Possible features)

Operational Risk Management Software for Risk Management

Systems that identify, monitor, and mitigate risks related to internal processes, people, and systems, including incident tracking, control testing, and key risk indicator monitoring specific to pension operations.
More Operational Risk Management Software More Risk Management ...

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Multi-factor Authentication Requires multiple forms of verification before access is granted to the system.		No information available
Role-based Access Control Allocation of access permissions based on the user's role in the organization.		No information available
Granular Permission Levels Ability to define very specific access rights at module, data, or transaction level.		No information available
Single Sign-On (SSO) Integration Enables users to access multiple applications with one set of credentials securely.		No information available
Audit Trails on Access Changes Automatic logs of all changes made to user permissions and access rights.		No information available
Session Timeout Controls Automatic logoff users after a period of inactivity.		No information available
User Access Review & Certification Periodic verification and re-certification of users’ access rights.		No information available
Failed Login Attempt Monitoring Records and alerts on multiple failed login attempts.		No information available
Access Request Workflow Automation Automates the process for users to request and obtain access based on workflows.		No information available
Real-time Access Revocation Ability to revoke user access instantly.		No information available

Comprehensive Audit Logs Detailed records of all system activity, changes, and data edits.		No information available
Immutable Data Storage Ensures data cannot be modified once written, supporting regulatory requirements.		No information available
Change Tracking Granularity Level of detail for every change (field, user, timestamp).		No information available
Historical Data Versioning Ability to retrieve and review previous versions of data records.		No information available
Automated Data Backups System automatically backs up critical data on a scheduled basis.		No information available
Data Reconciliation Tools Ability to compare and reconcile internal data with external or legacy sources.		No information available
Tamper Alerts Detection and notification of unauthorized data changes.		No information available
Data Validation Rules Automated checks that validate data input against set business rules.		No information available
Digital Signatures Support for cryptographic signing of records or transactions.		No information available
Time-stamping of Transactions Record the exact times for all key user actions.		No information available

Customizable Incident Taxonomy Ability to define and adjust categories for risk events.		No information available
Real-time Incident Reporting Allows users to report incidents as soon as they occur.		No information available
Automated Escalation System can route incidents to the appropriate level of management based on severity.		No information available
Attachment & Evidence Uploads Allows supporting files to be attached to incident records.		No information available
Anonymous Reporting Capability Users can report incidents without disclosing their identity.		No information available
Incident Status Tracking Monitor progress of incidents from reporting to resolution.		No information available
Root Cause Analysis Tools Built-in methods to help determine why an incident occurred.		No information available
Incident Severity Scoring Grading system to quickly assess and prioritize incidents.		No information available
Event Timeline Visualization Timeline view of incident events and steps taken.		No information available
Management Commenting & Collaboration Enables managers to comment and collaborate on incident investigations.		No information available

Risk Register Management Centralized registry for all identified operational risks.		No information available
Customizable Risk Scoring Matrix Ability to define framework for likelihood and impact scoring.		No information available
Bulk Risk Assessment Uploads Import risk assessments in bulk from external files.		No information available
Risk Heat Maps Visual representation of risk likelihood versus impact.		No information available
Key Risk Indicator (KRI) Tracking Monitor and track key operational risk indicators.		No information available
Automated Risk Scoring Automatically updates risk scores based on input data and thresholds.		No information available
Periodic Review Scheduling Schedule and track completion of risk reviews.		No information available
Risk Appetite Setting Configure thresholds for acceptable risk across categories.		No information available
Residual Risk Calculation System calculates risk after controls are applied.		No information available
Mitigation Action Tracking Track progress of action plans to address operational risks.		No information available

Control Library Central repository for all operational controls setup in the system.		No information available
Control Effectiveness Assessment Facilitates regular evaluation of control performance.		No information available
Automated Control Testing Tools to test controls automatically and record results.		No information available
Control Mapping to Risks Ability to link controls directly to risks they mitigate.		No information available
Test Scheduling & Reminders Automated scheduling and reminders for control testing.		No information available
Control Owner Assignment Assign responsibility for specific controls.		No information available
Control Documentation & Versioning Maintain records and change versions of control documentation.		No information available
Automated Alerts for Control Failures Immediate notification if a control test fails.		No information available
Evidence Capture for Control Tests Upload or auto-link evidence for control testing results.		No information available
Key Control Identification Flag critical controls essential to the risk framework.		No information available

Rule-driven Workflow Engine Automated routing/regulation of processes based on defined business rules.		No information available
Automated Notifications Automatic email, SMS, or in-application alerts for tasks and deadlines.		No information available
Task Assignment Automation Assign tasks to relevant parties based on workflow configuration.		No information available
Calendar Integration Seamless integration with corporate calendars for scheduling reviews, tasks, or meetings.		No information available
Approval Workflow Customization Define multi-step approvals for key risk processes.		No information available
Automated Escalation Paths Escalate overdue or critical tasks as per preset rules.		No information available
Bulk Task Management Ability to manage and update tasks in bulk.		No information available
Task Completion Tracking Comprehensive tracking of task status and completions.		No information available
Template-based Task Creation Create and deploy recurring tasks from templates.		No information available
SLA Enforcement Mechanisms Monitor and enforce Service Level Agreements on process tasks.		No information available

Ad-hoc Report Builder Users can create customized reports using system data.		No information available
Standard Regulatory Reports Pre-built templates for required compliance and regulatory reports.		No information available
Dashboard Visualization Visual dashboards providing at-a-glance status of key metrics.		No information available
Export to Excel/PDF/CSV Ability to export reports in multiple standard formats.		No information available
Real-time Data Refresh Reports draw from live system data with fast refresh rates.		No information available
Drill-down Analytics Click-through for detailed breakdowns of aggregate figures.		No information available
Scheduled Reports Automate regular report delivery to users and stakeholders.		No information available
Trend Analysis Identify risk trends over time, including seasonality.		No information available
Interactive Visualizations Users can manipulate charts and visuals to slice and dice data.		No information available
Data Retention Controls Configure how long historical reports and data are kept.		No information available

API Access Secure REST or SOAP APIs for data ingestion and extraction.		No information available
ERP/Core Banking System Integration Seamless transfer of data to/from main banking operational platforms.		No information available
Single Sign-On (SSO) Support Allows consistent logins across platforms with centralized security.		No information available
Data Import/Export Scheduler Automate periodic data imports and exports.		No information available
Third-party Risk Data Integration Incorporate risk data feeds from external vendors.		No information available
External Audit Tool Compatibility Direct interface for external auditors to pull necessary reports.		No information available
Webhooks for Notifications Push system alerts and events to other applications instantly.		No information available
Identity Provider Integration Works with enterprise identity and access management systems.		No information available
Custom ETL Tools Extract, transform, and load tools specifically for operational risk use-cases.		No information available
Data Enrichment from External Sources Augment risk data automatically with additional context from external systems.		No information available

Regulatory Update Alerts Notifies users of relevant changes in the regulatory landscape.		No information available
Compliance Checklist Tools In-built checklist templates for key compliance requirements.		No information available
Audit Readiness Score Generates a score or readiness level for upcoming audits.		No information available
Automated Regulatory Filings Prepare and file required regulatory documentation automatically.		No information available
GDPR/Privacy Controls Specific features to support data privacy laws (data restriction, deletion).		No information available
Built-in Basel III/IV Templates Standardized templates for operational risk under Basel rules.		No information available
SOX Control Mapping Map system controls and features to Sarbanes-Oxley sections.		No information available
Regulatory Workflow Automation Automate compliance-related workflows (e.g., attestation).		No information available
E-Signature for Compliance Support digital signatures on compliance suites.		No information available
Audit Trail for Compliance Activities Record all compliance-related actions for audit purposes.		No information available

Real-time System Notifications Instant, in-system notifications for key risk events.		No information available
Email & SMS Alerts Critical risk events can generate email/SMS alerts based on severity.		No information available
Custom Escalation Matrix Configurable rules for whom to notify and escalate at each risk threshold.		No information available
Executive Dashboard Alerts High-severity risks appear prominently on executive dashboards.		No information available
Mobile Push Notifications Send alerts to mobile devices of key personnel.		No information available
Prioritized Alerting Alert urgency and delivery methods adjust by risk classification.		No information available
Customizable Alert Templates Define alert content and appearance for various risk types.		No information available
Escalation Tracking Log Historical logs indicate all escalations made and handled.		No information available
Integration with Incident Management Seamless transition from alert to incident management workflow.		No information available
Redundancy Controls for Alerts Backup methods to ensure critical alerts are never missed.		No information available

Full Data Encryption Data is encrypted at rest and in transit.		No information available
Disaster Recovery Planning Disaster recovery processes are defined, tested, and supported.		No information available
High Availability Architecture System design allows for minimal downtime and quick recovery.		No information available
Vulnerability Scanning Automatic scanning for security vulnerabilities.		No information available
Penetration Testing Support Platform allows for or supports regular pen testing.		No information available
Cybersecurity Incident Monitoring Real-time alerts and logs for suspicious activity.		No information available
Redundancy & Failover Mechanisms Systems in place to handle hardware or network failure automatically.		No information available
Service Level Uptime Percentage of time the system is guaranteed to be available.		No information available
Average Recovery Time Objective (RTO) The typical time needed to restore system functionality after a disruption.		No information available
Access Logging & Monitoring All access and actions are logged and monitored for anomalies.		No information available

Role-based Access Control Ability to assign granular permissions to specific user roles (e.g., analyst, manager, auditor).		No information available
Single Sign-On (SSO) Supports single sign-on with popular identity providers.		No information available
Multi-factor Authentication Optional requirement for multi-factor user authentication.		No information available
Audit Logging Comprehensive logs of all user actions and system changes.		No information available
IP Whitelisting/Blacklisting Restriction or permission of access from specific IP addresses.		No information available
User Session Timeout Automatic logoff after a set period of inactivity.		No information available
Password Policy Enforcement Customizable password strength and rotation policies.		No information available
Number of User Profiles Maximum supported user accounts concurrently active.		No information available
Change Management Workflow Structured workflow for reviewing and approving permission changes.		No information available
Data Encryption at Rest All data is encrypted while stored.		No information available
Data Encryption in Transit All transmitted data is encrypted.		No information available
Security Certification Holds industry security certifications (e.g., ISO 27001, SOC 2).		No information available

Risk Register Centralized repository for all identified risks.		No information available
Risk Taxonomy Customization Configurable categories/types of operational risk.		No information available
Bulk Risk Import Ability to import risk data from external sources (e.g., CSV, Excel).		No information available
Risk Scoring Model Built-in quantitative and qualitative risk scoring/calculation.		No information available
Number of Risk Attributes Maximum customizable fields for risk attributes.		No information available
Scenario Analysis Capability Supports what-if and scenario analysis for risk events.		No information available
Risk Mapping Visual mapping of risks to processes, departments, products, etc.		No information available
Automated Risk Alerts System alerts for newly logged or updated risks based on defined criteria.		No information available
Risk Assessment Frequency Frequency with which risks can be periodically re-assessed.		No information available
Inherent & Residual Risk Calculation Ability to calculate and compare inherent and residual risk levels.		No information available
Historical Risk Database Archive of resolved, closed, or past risks for analytics.		No information available

Incident Capture Interface Intuitive interface for employees to report risk events or incidents.		No information available
Incident Categorization Customizable categories and subcategories for classifying incidents.		No information available
Loss Data Collection Capability to record actual and potential financial losses and recoveries.		No information available
Root Cause Analysis Toolkit Tools to facilitate deep-dive analysis of incident causes.		No information available
Incident Workflow Automation Configurable workflows for investigation, review, and closure.		No information available
Drag-and-Drop Attachments Support for adding documents, images, or other files to incidents.		No information available
Incident Notification Rules Customizable automated notifications to stakeholders.		No information available
Time to Resolution Tracking Measured time from incident capture to closure.		No information available
Incident Severity Scoring Automated or manual assignment of incident severity levels.		No information available
Regulatory Reporting Interface Direct output or uploads for regulatory bodies (e.g., Basel loss database).		No information available
Data Quality Checks Automated validation rules for ensuring incident data completeness.		No information available

Control Library Centralized registry of controls with descriptions and owners.		No information available
Control-Process Mapping Mapping controls to specific business processes or risks.		No information available
Control Effectiveness Assessment Built-in tools for periodic control testing and review.		No information available
Automated Control Testing Integration or toolset for automated control validation (e.g., data-driven checks).		No information available
Control Owner Assignment Designation of responsible individuals or teams for each control.		No information available
Test Scheduling & Reminders Automated scheduling and reminders for future control tests.		No information available
Number of Controls Maximum controls supported in the library.		No information available
Deficiency Tracking Workflow to log, manage, and resolve failed control tests.		No information available
Control Design Assessment Evaluation of control design versus implementation effectiveness.		No information available
Control Change Management Audit trail and workflow for changes to control definitions.		No information available

Action Plan Registration Creation of distinct, trackable action plans tied to risks or findings.		No information available
Remediation Workflow Structured process for documenting, assigning, reviewing, and completing remediation tasks.		No information available
Task Assignment Assignable remediation actions to users, with due dates and statuses.		No information available
Automated Task Tracking Automatic monitoring and status updates of task completion.		No information available
Overdue Action Alerts System notifications for overdue remediation actions.		No information available
Progress Dashboard Visual dashboard for quick status and progress overview.		No information available
Number of Concurrent Action Plans Maximum active remediation plans supported.		No information available
Integration with Email Automated email notifications and reminders tied to action items.		No information available
Automatic Escalation Rules Escalation to higher management based on custom criteria.		No information available

Pre-built Regulatory Reports Templates and workflows for common risk management regulatory reports (e.g., Basel II/III, SOX).		No information available
Custom Report Builder Drag-and-drop or code-based custom report creation.		No information available
Ad Hoc Query Capability Support for user-defined, on-the-fly data queries.		No information available
Interactive Dashboards Customizable, real-time dashboards with graphical visualizations.		No information available
Scheduled Report Delivery Automated generation and delivery of reports per predefined schedules.		No information available
Drill-down Analytics Ability to drill down from summary views to detailed records.		No information available
Number of Concurrent Report Users Maximum users who can simultaneously generate reports.		No information available
Export Formats Supported formats for exports (e.g., PDF, Excel, XML, CSV).		No information available
KRI/KPI Dashboards Key Risk and Key Performance Indicator dashboards.		No information available
Automated Risk Metric Calculation Built-in formulas and scripts for common operational risk metrics.		No information available
Predictive Analytics Advanced analytics for risk scoring and scenario forecasting.		No information available

Custom Workflow Designer Graphical or code-based tool to create and update workflows.		No information available
Event-driven Automation Triggers based on events (e.g., risk submission, incident closure) for automation.		No information available
Integration APIs APIs for integration with HR, compliance, core banking, and third-party tools.		No information available
Automated Notifications Email, SMS, or in-app notifications based on user-defined criteria.		No information available
Escalation Rules Escalation paths and levels for unresolved issues.		No information available
Approval Hierarchies Multi-level, role-based approval flows for key actions.		No information available
Integration with Ticketing Tools Ability to send/receive tasks to systems like JIRA/ServiceNow.		No information available
Re-assignment Capabilities Easily reassign tasks or issues based on workload.		No information available
Number of Automated Workflows Maximum distinct automation workflows configured.		No information available

Pre-configured Compliance Templates Standard templates for common regulatory directives (e.g., Basel, SOX, GDPR, DORA).		No information available
Audit Trail Maintenance Immutable, timestamped logs of all compliance-related actions.		No information available
Compliance Calendar Scheduling and reminders for key compliance activities.		No information available
Document Repository Centralized compliance document storage with version control.		No information available
Automated Policy Distribution Distribution and acknowledgment workflows for updated policies.		No information available
Evidence Collection Tools Facilitates efficient attachment/upload of compliance evidence.		No information available
Compliance Status Dashboard Visual overview of current compliance status.		No information available
Remediation Tracking Track issues identified during regulatory reviews and audits.		No information available

API Access (REST/SOAP) Secure, documented APIs for data exchange.		No information available
Data Import/Export Tools Bulk import/export tools for connecting with legacy systems.		No information available
Real-time Data Sync Support for on-the-fly synchronization with core banking or data warehouses.		No information available
Pre-built Integrations Out-of-the-box connectors to common banking, HR, or GRC systems.		No information available
Custom Field Mapping Flexible mapping for custom data fields in integrations.		No information available
Flat File Uploads Support for uploading flat files in structured formats (e.g., CSV, XML).		No information available
On-premises/Cloud Data Sync Works with both cloud and on-premises systems for data exchange.		No information available
Integration Throughput Number of integration transactions per second supported.		No information available

Configurable Data Fields Ability to add custom fields with validation rules.		No information available
Customizable Forms & Templates Drag and drop or code-based form/template modifications.		No information available
White-label Branding Ability to brand the UI with bank logos, colors, and style.		No information available
Localization Support Support for multiple languages, currencies, and regional settings.		No information available
Configurable Workflows Define bespoke workflows per risk type or business unit.		No information available
Custom Risk Metrics Create new risk indicators, metrics, and formulas.		No information available
Number of Supported Languages Maximum number of user interface languages supported.		No information available
Conditional Logic in Forms Enable or disable fields based on user input.		No information available
User-defined Dashboards Users can create personalized dashboard layouts.		No information available

Concurrent User Capacity Number of users who can actively use the system at once.		No information available
Incident Response SLA Maximum guaranteed time for support incident response.		No information available
Disaster Recovery (DR) Capability Automated data backup and disaster recovery procedures.		No information available
System Uptime Commitment Guaranteed percentage of uptime (availability) per year.		No information available
Mobile-responsive UI System accessibility from smartphones and tablets.		No information available
Dedicated Customer Support Team Direct access to support engineers familiar with operational risk and banking.		No information available
Release Management Structured process for regular software updates and hotfixes.		No information available
Training Material Availability Availability of online or in-person user training resources.		No information available
Performance Monitoring Tools Built-in dashboards for tracking system health, latency, and capacity.		No information available
Data Retention Policy Support Configurable support for long-term data retention based on bank requirements.		No information available

IBM OpenPages Operational Risk Management from IBM

Product analysis by function

Operational Risk Management for Risk Management

User Access Controls (0 Yes /0 Known /10 Possible features)

Data Integrity & Audit Trails (0 Yes /0 Known /10 Possible features)

Risk & Incident Reporting (0 Yes /0 Known /10 Possible features)

Risk Assessment & Evaluation (0 Yes /0 Known /10 Possible features)

Control Management (0 Yes /0 Known /10 Possible features)

Workflow & Task Automation (0 Yes /0 Known /10 Possible features)

Reporting & Analytics (0 Yes /0 Known /10 Possible features)

Integration & Interoperability (0 Yes /0 Known /10 Possible features)

Compliance & Regulatory Support (0 Yes /0 Known /10 Possible features)

Risk Notification & Escalation (0 Yes /0 Known /10 Possible features)

Security & Reliability (0 Yes /0 Known /10 Possible features)

User Access and Security (0 Yes /0 Known /12 Possible features)

Risk Identification & Assessment (0 Yes /0 Known /11 Possible features)

Incident Management & Loss Event Capture (0 Yes /0 Known /11 Possible features)

Control Management & Testing (0 Yes /0 Known /10 Possible features)

Action Planning & Issue Remediation (0 Yes /0 Known /9 Possible features)

Reporting & Analytics (0 Yes /0 Known /11 Possible features)

Workflow & Automation (0 Yes /0 Known /9 Possible features)

Regulatory Compliance Management (0 Yes /0 Known /8 Possible features)

Integration & Interoperability (0 Yes /0 Known /8 Possible features)

Configuration & Customization (0 Yes /0 Known /9 Possible features)

Scalability, Performance & Support (0 Yes /0 Known /10 Possible features)