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Global International Banking Institution Implements Optial for Compliance Risk Management

Standard Chartered Bank Chooses Optial to Deliver Compliance Risk Management systems for its Global Network

London, England, 17 September 2004 - Optial, a leading provider of web-based compliance and risk management systems, today announced its platform has been implemented by Standard Chartered Bank to support its global compliance risk management framework.

Standard Chartered has adopted the Optial platform as a global compliance management system to help track and manage compliance with regulations in the UK and other countries. Optial was selected on the basis of its flexible platform, ability to meet current and future needs, scaleable web-based architecture and overall value for money.

Over 1,300 users in over 10 countries are now live on the system and planning is underway to expand usage to a further 20 countries. Standard Chartered’s compliance risk management framework is a key part of the Bank’s commitment to high governance standards.

“As one of the world’s most international banks, leading the way in Asia, Africa and the Middle East, compliance risk needs to be well understood and transparently managed,” said Andrew Hunter, Group Head of Compliance and Regulatory Risk at Standard Chartered. “Optial allows us to link compliance control measures with applicable laws, regulations and policy standards, in the jurisdictions in which we operate, allowing us to proactively manage the compliance requirements of the Bank.”

“Optial provides a secure, flexible and scalable platform which is well suited to Standard Chartered’s global requirements for managing compliance,” said Chris O’Brien, CEO of Optial. “We are excited to be providing Standard Chartered with a high-quality solution for their compliance framework.”

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About Optial

Optial is a leading supplier of web-based audit, compliance and risk management solutions for business and government. Optial products have been implemented by Fortune 500 organisations in almost 50 countries.

Optial offers a platform for managing key business assurance activities more efficiently and more effectively, generating operational cost reductions and delivering transparency and confidence in the management of corporate risks.

The platform offers a comprehensive set of tools for automating, reviewing, reporting and acting on any type of business process including self assessments, compliance audits and risk management methodologies. The application can be used to support a range of key business functions including operational risk management, corporate governance initiatives, internal control methodologies and ISO certifications.
Optial is headquartered in London with offices in Atlanta and Sydney. For more information, visit <>.

About Standard Chartered

Standard Chartered employs 30,000 people in over 500 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. It is one of the world’s most international banks, with a management team comprising 70 nationalities.

Standard Chartered is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalisation.

It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, custody, foreign exchange, debt capital markets and corporate finance.

Standard Chartered is well established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability.

The Bank is trusted across its network for its standard of governance and its commitment to making a difference in the communities in which it operates.

T: +44 (0) 1753 672 755
M: +44 (0) 7801 518559


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