HUGIN & Combitech tackle risk management

HUGIN EXPERT A/S, the Danish provider of advanced decision analytic software, and Combitech AB, Nordic risk management advisory and consulting company, have entered into a strategic partnership to strengthen risk management capabilities for clients who require advanced risk and security solutions. The partnership will help organizations to accurately identify and manage risk, achieve compliance and avoid costly losses due to risk gone undetected.

Collaboration between Combitech AS Norway (formerly Bayes Risk Management AS) and HUGIN Expert A/S is not new. The two companies previously pooled their areas of expertise in a Combitech project to develop an operational risk management solution for a banking group in Norway that enabled bank compliance with BASEL II. Already then, the intersection of Combitech’s deep industry knowledge and HUGIN’s advanced decision support technology proved fruitful.

The objective of the latest strategic collaboration between Combitech and HUGIN Expert is to combine their areas of expertise to help organizations meet their risk challenges and navigate in today’s increasingly complex risk landscape, for example organizations that must deal with money laundering, welfare risk, operational risk and fraud detection.