United Trust Bank (UTB) is an established, specialist bank providing a wide range of secured funding facilities for individuals and businesses and competitive deposit accounts for individuals, businesses and charities.
Having recognised the need for a more efficient means of managing risks in the organisation, United Trust Bank selected Xactium as their preferred vendor across the business.
Whilst spreadsheets are a useful tool, managing them in real time across different business units and then producing reports absorbs huge amounts of employee time. United Trust Bank required a system which reduced the amount of time spent managing data and allowed the risk management team to spend their time more efficiently, assessing and acting on the information presented in the reports. By implementing Xactium, first line of defence staff across the business are now able to record their risk data in real time and this allows 2nd and 3rd line to review and monitor efficiently.
Christos Gabrielides, Chief Risk Officer at United Trust Bank, said: “As UTB grows it requires an efficient and integrated risk management system to be used to support the monitoring and reporting of risk. Xactium was identified as an efficient and integrated system to help us manage risk across the business. We look forward to using the system and spending our time on analysing and managing risks rather than on collecting and administrating data.”
Andy Evans, Managing Director, Xactium commented: “Xactium is rapidly growing in the banking sector, and it’s great to welcome United Trust Bank as a new customer benefiting from our risk solution. United Trust Bank is growing quickly, and I’m confident our flexible and modern solutions will be able to adapt rapidly to the Bank’s evolving needs.”
-About United Trust Bank –
United Trust Bank (UTB) is an expanding specialist bank providing a wide range of secured funding facilities for individuals and businesses and deposit accounts for individuals, businesses and charities.
The Bank has dedicated divisions providing asset finance, mortgages, bridging finance, development finance and structured finance and their in-depth knowledge combined with commercial awareness makes it the lender of choice for finance brokers, developers and individuals seeking a high quality, bespoke service and a reliable source of funding.
In 2016 UTB was placed 25th in the annual Sunday Times BDO Profit Track 100 league table which ranks Britain’s fastest growing private companies.
United Trust Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Xactium is a cloud based GRC software provider that helps Risk Managers to transform the way that organisations evaluate and manage their enterprise risk. The value of the risk process and its profile is raised through the use of risk intelligence that improves efficiency and creates insights that influence decisions across the business.
Xactium is the world's first enterprise risk-intelligent system, with the revolutionary use of embedded AI (Artificial Intelligence), 3D visualisation and automation that dramatically improves efficiency and creates innovative analytics. Reporting is made easy and timely, and predictive insights enable senior managers to prioritise resources.
Xactium is also built for managing change and is probably the most flexible and configurable enterprise risk management system available today. This adaptability ensures that our customers stay up to date and able to respond to both business and regulatory change, without the need for costly bespoke programming.
Overall, Xactium releases more time and resource for the risk team to help promote best practice and demonstrate the value of risk across the business through actionable insight.