Algorithmics has released version 4.2 of the Algo FIRST database of case studies that provides robust content for risk assessments, educational, risk awareness, and training programs across global and regional banks, asset managers and insurance companies.
Algo FIRST is a repository of over 8,000 case studies which include in-depth analysis of operational, credit, market, and strategic risk events, in addition to coverage of compliance-related and corporate governance events. Updated package now contains 130 related case studies and additional analysis of bank failures that occurred during the past year as a result of contracting credit markets.
Our content businesses, which include Algo FIRST, are an important differentiator for Algorithmics, which, in addition to state-of-the-art software solutions, offers market leading content that adds breadth to our overall business mix and is unmatched by our competitors, says Michael Zerbs, president and COO, Algorithmics.
Our clients are telling us that the current environment has changed the way they are using the case studies in Algo FIRST, says Penny Cagan, managing director, Credit & Operational Risk Content, Algorithmics. In addition to looking at the operational risks, they are now developing scenarios that are multi-disciplinary and include a variety of complex risks. For many of these clients, the information has become an essential part of their holistic risk assessment.
L.D.