FERMA Risk Management Forum 2007

Risk Management in Motion: Global Responsibility and Sustainability 30 September - 3 October 2007, Congress Centre, Geneva, Switzerland

London - September 27, 2007 - For immediate release:

MEGA International, the global leader in operational risk management (ORM), business process analysis (BPA), and enterprise architecture (EA) solutions, announces it will be exhibiting its latest products and services at the FERMA Risk Management Forum 2007 in Geneva, from 30 September to 3 October 2007.

At the event the company will highlight the latest version of the MEGA GRC (Governance, Risk and Compliance) Suite, a comprehensive solution to crucial issues proliferating in operational and enterprise risk management.

The main theme of MEGA's stand at the Forum will be to show risk managers how to cost-effectively transform the many forms of risk and compliance threats into an opportunity to increase the performance of their organisation.

"Whether it is Basel II, Solvency II, or Sarbanes-Oxley, compliance and risk takes many forms and is proliferating, so risk managers need the right software tools and methodologies to address these relentless and challenging issues," said Denis Maison, GRC Product Manager, MEGA International.

"Our approach is to offer an effective means to integrate ORM information into a strategic, global enterprise risk management (ERM) strategy. This enables risk managers to confidently counter the rising pressures facing them," said Maison. "At FERMA Forum, we will show that with the right planning, design and implementation of appropriate systems and methodologies the task may be achieved efficiently, rapidly and at least cost."

The key to understanding business process benefits

Based on a common platform the MEGA GRC Suite is a set of complementary tools designed to help implement efficient corporate governance, including operational risk management, internal audit, and SOX compliance. It offers all the key features required to streamline compliance activities, communicate and share risk management policies and internal audit procedures, maintain up-to-date compliance and control information, and improve performance at the operational level.

In particular, the MEGA solution ensures that the source of risks may be clearly and closely monitored. Well before a risk becomes a crisis, the technology lets risk managers identify and address potential issues across the organisation and locally.
Thanks to the company's substantial expertise in business modelling and enterprise architecture, MEGA International has a deep understanding of business processes, or the way operations are performed, and their relationships to business objectives.
MEGA tools enable risk managers to map all operational risks across the entire organization, and monitor risk management policies, the latter achieved through precise KRIs (Key Risk Indicators).

MEGA recognised in ORM report

MEGA was cited as an important player in an influential operational risk management report published earlier this year by Chartis Research, a leading provider of research and analysis addressing the global market for risk technology. Entitled 'Operational Risk Management Systems 2007: the second wave has arrived', the report positions MEGA in the Component ORM Applications segment of the market.

The research by Chartis considers the demand and supply sides of the market, forecasting that: "the worldwide operational risk management (ORM) market will grow at a compound annual growth rate of nine per cent to reach US$1.55bn by 2011 (financial services sector only)."

"What this means for MEGA is that we are regarded by Chartis Research as being a qualified vendor of new, advanced 'second wave' ORM solutions for this important and fast-growing market," said Lucio de Risi, founder, president and CEO of MEGA International.