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Risk Management Industry News for FCA Regulated Businesses

Weatherbys Bank chooses Xactium to enhance risk management processes

Posted by Sarah Spencer on Mon, Nov 26, 2018 in customers

Weatherbys bankWith continued growth and a forward-looking approach to business, Weatherbys Bank is always looking at its systems and processes and as part of that, evaluating ways it can manage risk more effectively.  

Having decided that capturing, managing and reporting on risk in a more active way was a priority, the Bank selected the Xactium Risk system.  The system will improve the automation aspect of its processes and the intuitive reporting tool will allow Weatherbys to manage any incidents even more effectively.

All in all the bank is confident that the Xactium Risk system will enable a centralised and much more streamlined approach to managing risk.

Weatherbys is a business that has always looked forward and always innovated.

The original Weatherbys business was founded in 1770 by solicitor James Weatherby.  Weatherbys Private Bank grew out of his vision and is today part of a seventh generation British business with a history of careful stewardship and responsible management rooted in family values.

Trust, integrity and service are the backbone values of the company and underpin Weatherbys’ strength today.  Run by Roger Weatherby (Chief Executive), the bank is one of only two wholly family-owned, independent private banks in Britain.

As well as providing all the services you would associate with large banks – including lending, deposits and financial planning – Weatherbys’ clients receive the commitment to personal service and attention to detail typically delivered by a small family business.

David Kindred, Chief Risk Officer said: “Following detailed due-diligence, I am glad to be implementing Xactium’s risk system within Weatherbys Bank to support the drive to continually improve our systems, enabling us to better manage our risks and to be working with an adaptive and supportive firm such as Xactium.”

Andy Evans, Xactium Manager Director adds: “We are delighted to be working with such a well-established organisation that also has a forward looking approach to business much like our own. I am confident that the usability of Xactium will help Weatherbys Bank to promote the adoption of the system and by doing so, to widen risk ownership and increase risk visibility across their business.”

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