Secure Trust Bank are an award-winning UK retail bank, that provide savings accounts and lending services to over a million customers. Based across 9 offices including London, the bank itself offers bonds and saving accounts with attractive returns as well as Retail, Business, Commercial Finance and Real Estate Finance, overall providing straightforward and transparent banking for both people and businesses across the UK.
With the company continuing to refine its Operational Risk processes, the need for a flexible solution that would give them the ability to add new fields, amend layouts and ultimately meet the evolving needs of the business, became more apparent. Following a tendering process, Xactium was selected to supply an Operational Risk System for the business.
The Xactium solution provides Secure Trust Bank with the ability to streamline processes, increase overall visibility of risks and controls whilst also enabling them to generate a wide variety of risk reports, to help highlight key trends and insights into their risk data.
Faisal Nasim, Senior Risk Manager at STB comments:
"Secure Trust Bank has been through a period of sustained growth which has been supported by increased investment and enhancement in its approach to Operational Risk Management. The flexibility and user-friendly interface of the Xactium Risk solution means that STB can continuously refine & improve its approach to Risk Management, further develop risk intelligence & maturity as well as further augmenting the positive risk culture at all levels of the organisation."
Andy Evans MD of Xactium adds:
“We are delighted that Secure Trust Bank have chosen the Xactium Risk solution to not only help maximise the efficiency of their operational risk processes, but also to help strengthen collaboration around risk across the organisation.”
Find out more about the Xactium Operational Risk Management solution today.