Bank of Baghdad in Iraq has gone live with RiskNucleus® Operational Risk Management Solution to automate the operational risk and reporting process.
The system will allow the bank to digitize its risk activities in order to achieve operational efficiencies to effectively manage operational risk within the context of an enterprise risk framework. It also integrates comprehensive ORM components, allowing the organization to monitor, manage, and reduce operational risk in a fundamental and efficient manner.
About Bank of Baghdad
Bank of Baghdad was established as an Iraqi Private Stock Company on 18 February 1992, with an initial capital of IQD 100 Billion that increase to IQD 250 Billion through the years, and now it’s a leading bank in Iraq with 35 branches and one branch in Republic of Lebanon. Bank of Baghdad is one of the largest private commercial banks in Iraq providing trusted high-quality financial services which was selected by cfi.co as the best commercial bank in Iraq during 2021.
BenchMatrix is a leading advisory services and automated Governance, Risk & Compliance (GRC) technology provider with a focus on developing practical and effective solutions for organizations. The team has several full cycle implementation experiences in multinational organizations with success stories in France, Romania, Canada, Malta, Turkey, Bahrain, Qatar, Saudi Arabia, UAE, Kuwait, Pakistan, Algeria, and Tunisia.