Mizuho Securities, a subsidiary of Japan-based Mizuho Financial Group, has selected Operational Risk Management (ORM) software from Open Pages, a provider of integrated risk management solutions, to improve its enterprise-wide risk management efforts.

OpenPages ORM is an operational risk management tool in implementing an enterprise-wide, integrated approach to governance, risk and compliance (GRC) management.

OpenPages ORM delivers a policy-driven, process-centric way to manage risk through self-assessments, end-user surveys, automated workflow and executive dashboards that provide management with the visibility, control and decision support required to understand and manage risks throughout the organization to optimize business performance.

OpenPages’ strategic alliance partner, ITOCHU Techno-Solutions Corporation (CTC), will help deliver professional services, such as consulting, advisory and implementation services to Mizuho Securities.

Iwao Takai, general manager of operational risk management department at Mizuho Securities, said: “We needed to automate the process of identifying, evaluating, and monitoring operational risk data. After reviewing several solutions, we are confident that OpenPages ORM will enable us to manage risk more efficiently by providing us with the visibility, control and decision support necessary to mitigate risks throughout our business.”