From ongoing consultations with their existing client base and sector innovators across a broad range of industries, Amelia Financial Systems has addressed the need for the next generation of Operational Risk Management System - OR2Q .

This revolutionary system satisfies the needs of many organizations who had found that effective Operational Risk management required a functionality set significantly beyond what was available. With input from our clients and Amelia’s academic and research partners, OR2Q creates a continuum between the qualitative and quantitative assessment of the Operational Risks that organisations face.

Amelia's solution is designed using the Rational Unified Process, an iterative life cycle development approach well suited to the object-oriented architecture of the system itself. Weblogic and Websphere are the chosen platforms for OR2Q, as Amelia feels both BEA and IBM provide the most complete and robust application server solutions. Amelia is also undertaking a feasibility study of other application servers for those organisations that have deployed or are in the process of implementing alternative platforms.

The system was constructed upon an n-tier client server architecture. Developed entirely in Java, it provides the application with platform independence and hence all major operating systems including Windows NT/2000 and Sun Solaris are supported.

The use of leading web technologies (including EJB, JSP and XML) helps to ensure that the system is robust enough to meet the Operational Risk data capture, processing and reporting requirements of even the largest of corporations, regardless of their industry, whilst remaining flexible enough to meet the continually changing requirements of such organisations. The system will also adopt other universal standards including HTTP for browser protocol, TCP/IP for inter-server communication and 64-bit SSL data encryption & decryption.