ORX Forum

ELSEWARE/MSTAR will be speaking on climate stress on operational risk at the ORX forum on September 23. In particular, we will be presenting the work we have done on this topic with the American Bankers Association and a group of banks.

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Modeling Corporate Credit Climate Risk

In this featured article of the American Bankers Association journal, Patrick Naim and Laurent Condamin present a summary of our recent work on using Bayesian networks to model climate stress on corporate credit risk. This work was performed as part of the first climate stress-test carried out by the French regulator, APCR.

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RMA GCOR Virtual Conference 2021

Nedim Baruh, Head of Operational Risk Measurement and Analytics for JPMorgan Chase, and Patrick Naim, CEO of MSTAR have presented together "Measuring Climate Stress on Operational Risk" at the RMA GCOR Virtual Conference 2021.

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ABA Risk Quantification Forum 2021

MSTAR /ELSEWARE will be part of the virtual ABA RISK 2021 conference on March 23-25.The session will focus on “the Use of Structured Scenario Analysis in Modeling Climate Change Stress on Operational Risk”.

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MSTAR Platform is now available on the App Store!

Oprisk managers, download it to stay informed about all relevant information (news, events, reports) and to access our library of operational risk scenarios.

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ABA & MSTAR Roundtable – OpRisk North America 2020

Join us at the Oprisk North America virtual roundtable on Thursday, October 22 | 11:00am “How the Structured Scenario Analysis Benchmark Reporting Portal is bridging the gap in quantification methodologies”. American Bankers Association and MSTAR have teamed up to build the Structured Scenario Analysis Benchmark Reporting Portal, which was launched to address the deficiencies in quantification methodologies.

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Oprisk Industry Initiative of the Year Award : ABA and MStar

Elseware is very honored to have received, jointly with the American Bankers Association, the “Oprisk Industry Initiative of the Year Award” for the use of MSTAR and Structured Scenarios for Cyber Risk assessment.

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The Elseware team is delighted to announce the launch of the MSTAR platform

The MSTAR platform gives you access to a comprehensive library of structured operational risk scenarios built using the eXposure – Occurrence – Impact (XOI) modeling approach. Register at to get an overview of the method and explore detailed examples of scenarios.

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Cyber Risk Workshop, Federal Reserve Bank Of Richmond, Nov 20, 2019

Measuring cyber-risk is particularly difficult because exposures and threats evolve and adapt rapidly, and because risk assessment requires involvement of both IT and business experts. We are pleased to contribute to the progress in the identification, classification and measurement of cyber risks through our joint project with the American Bankers Association. We are very grateful to the Federal Reserve Bank of Richmond for giving us the opportunity to present this joint project in its workshop in Charlotte last week.

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To learn how our solutions and the XOI method can help you assess operational risks, contact us

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