FFIEC News

Altius IT Launches SafeBank Risk Assessment Services to Help Financial Institutions Manage IT Risks

(Nov 10, 2007)-- Altius Information Technologies has recently launched SafeBank Risk Assessment services to help banks and financial institutions actively manage their IT risks.

“Financial institutions are taking a serious look at risks inherent in information technology systems and procedures. They’re beginning to understand that systems audits conducted in the past just aren’t comprehensive enough to cover the myriad of new technology risks that can threaten their financial institution assets. Plus the FFIEC has been pressuring institutions for more comprehensive risk management actions and third party audits” explains Altius IT President Jim Kelton.

“SafeBank is the first financial institution assessment of its kind that offers comprehensive and complete visibility into a financial institution’s unique risks” says Mr. Kelton.

SafeBank Risk Assessments were created by Altius IT based on 25 years of business experience in assessing risk for Fortune 500 companies, Forbes 400 members, U.S. government agencies, foreign governments, and regional and national financial institutions including Chase Manhattan, Citibank, Washington Mutual, Bank of America, La Jolla Bank, etc.

“Our proprietary process has been built through decades of working with financial institutions. We realize that their unique needs require a different approach than what has previously been done. SafeBank™ has been letting bank CFOs sleep better at night” says Mr. Kelton “We’re proud of that.”

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