March 27, 2023
Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023
Information related to risk loss events that have occurred at other organizations, which can be incorporated into the modelling of potential operational risk or non-financial risk (NFR) exposures. External loss databases for different firm peer groups based on firm type, size, and geography, are located around the globe. Data usually includes the frequency and financial impact of specific loss types, in an anonymized format that can be benchmarked or used to inform scenario-based exercises.