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ORX News

ORX News:
The service that puts global op risk events at your fingertips

Whether you’re looking to enrich your operational risk loss data, train employees on what could happen or enhance your scenario development, ORX News can help.

ORX News is an industry-leading provider of publicly reported operational risk loss events from around the world. It is a single source for data and analysis, specifically covering the banking, insurance and asset management sectors, plus large cyber loss events from other industries.

Contact us for a demo to see ORX News in action

 

Current subscribers can log into ORX News here

    Why subscribe to ORX News?

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    Speedy global media scanning
    A team of specialist researchers seek out loss events from the global financial sector, which you are then able to access on our platform within 72 hours (24 hours for the headline).
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    Detailed yet concise summary articles
    The team writes a summary piece on each loss event which provides you with all of the key details from an operational risk perspective, in addition to links for each of the source articles.
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    Easy searching & reporting
    ORX News categorises all events so that you can do advanced searches easily. You can filter loss events by category, e.g. business line or event type, or search by keyword. You can also export reports.
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    Customised to your interests
    Save filters and set your own notifications. Decide yourself what kind of events you want to be notified about (with numerous filters to choose from), whether to receive email alerts, and how often.
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    Free Deep Dives
    You can commission up to three longer “Deep Dive” pieces per year on anything you’re particularly interested in, as well as access over 100 existing deep dives.
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    More cyber events
    Since 2018, ORX News has captured high-impact cyber events at firms outside the financial services sector to provide you with even more insight into this high priority risk.
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    Integrate with your system
    Automatically pull ORX News data into your own system (e.g. your GRC platform) with an API. Use the API to seamlessly pull through information and enhance your existing reports and dashboards.
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    Uses ORX Reference Taxonomy
    Filter the ORX News stories using categories that reflects current operational risk practice. Each ORX News story now has a level 2 value taken from the ORX Reference Taxonomy.

    Examples of ORX News content

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    Lightening storm
    ORX News
    ORX News Deep Dive: Citibank loses USD 400 million
    John Bosnell
    26 November 2020
    Download the free Deep Dive from ORX News to find out why Citibank was fined USD 400 million over poor risk management, data governance and control failures.
    Read more
    Industry news
    Bank fined €13.5m for failing to submit SARs in time
    John Bosnell
    10 November 2020
    In October 2020, Deutsche Bank accepted a €13.5m administrative fine for failing to submit Suspicious Activity Reports (SARs) in a timely fashion.
    Read more
    Industry news
    5 largest operational risk losses: October 2020
    John Bosnell
    10 November 2020
    Discover the 5 largest operational risk loss events recorded by the ORX News team in October 2020. This month's top 5 includes fines over poor risk management, a fine over unsafe data practices and due diligence, and a fine over mismanagement of funds.
    Read more
    ORX News
    Industry news
    Bank pays USD 4.5 m to CFTC for flaws in audio preservation system
    John Bosnell
    12 October 2020
    In September 2020, three Citigroup entities were ordered by the CFTC to pay $4.5m over a design flaw in their audio preservation system, which saw subpoenaed recordings deleted from the system.
    Read more
    More resources from ORX News

    How do financial firms use ORX News?

    Scenario generation
    Help to generate realistic scenarios and audit your scenario portfolio.
    Trends and analysis
    Run regular reports to identify and monitor risk trends.
    Awareness and training
    Build awareness of the types of losses across the industry.
    Challenge the business
    Use losses to challenge business colleagues’ perceptions of their risk profile.

    ORX News pricing

    The annual fee for ORX News is very competitive at £31,000 per year (£19,950 per year for current ORX members). To find out more about how the service can help your firm or to book a free trial, contact us today.

    Want to see ORX News in action?

    Request a free trial or demo of the service

    About the ORX News service

    About ORX News

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    Cyber events covered by ORX News

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    Current ORX News subscriber map

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    Over
    70
    subscribers
    More than
    8,500
    stories
    From over
    150
    countries

    Find out more

    ORX News is available to institutions whether or not you are part of ORX membership. For more information about the service and how to subscribe...

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