Industry leader demonstrates proven solution at conference
Raynham, Mass., March 14, 2011 – MEGA, noted leader in risk management, will be featured at OpRisk North America in New York March 22-24.
MEGA will demonstrate the MEGA Suite, its solution for operational risk management (ORM). The Suite helps risk managers gain comprehensive insight into the company’s risk profile and adopt the right risk methodology. This is accomplished by integrating information on incidents, internal and external losses, and key risk and performance indicators (KRI and KPI).
MEGA was named as a visionary in the October, 2010 Gartner Magic Quadrant for Enterprise Governance, Risk and Compliance Platforms. The company was also cited by Chartis Research as one of the leading vendors in completeness of offering and market share potential in the enterprise operational risk and GRC solution provider category in their report, Operational Risk & GRC Software Solutions 2010. In addition, MEGA was named in the most recent report on enterprise GRC from Forrester: The Forrester Wave: Enterprise Governance, Risk, And Compliance Platforms, Q3 2009.
“Our proven solutions help risk managers identify and mitigate threats to their companies and meet new regulatory requirements,” explained Lucio de Risi, CEO, MEGA.
Chief risk officers, risk managers, regulators, and other risk professionals are seeking to transform regulatory requirements into competitive advantage and insure market confidence in their risk and control programs.
To achieve this, MEGA’s risk experts advise adoption of software solutions with specific capabilities, such as those offered by the MEGA Suite. Important features include support for the Advanced Measurement Approach (AMA) for operational risks, the loss distribution approach (LDA) with probability distribution functions and Monte Carlo simulations for VaR/eCap calculations. Complex operational risk modeling and scenario calculation with Bayesian networks are also available from the MEGA Suite, which generates reports for board members, auditors, and regulators.