Operational Risk Loss Data Exchange Association (ORX)

The Operational Risk Loss Data Exchange Association (ORX) is a collaborative organization where banks and financial institutions share anonymized data on operational risk losses—such as fraud, system failures, or process errors. By pooling this information, members gain better insights into common risks, improve their risk management practices, and meet regulatory requirements more effectively. ORX helps its members understand the nature and frequency of operational losses, enabling them to build more resilient systems and reduce future risks through shared learning and analysis.