Algorithmics has received its best ranking to date in the recently announced OpRisk & Compliance Annual Software survey, moving up a position in every one of the five categories in the survey.
Algorithmics was ranked first for scenario analysis and first for regulatory and economic capital
“In a year when risk management, and particularly operational risk management, is so prominent, we are delighted that the strength of Algorithmics operational risk solutions has been recognised,” says John Winter, senior vice president, Operational Risk Solutions, Algorithmics.
“We knew we had made some ground breaking enhancements in our new standard edition of Algo OpVar, but what is more interesting for us is that our clients are confirming that the best practice methodology built into the standard edition is a good fit to their operational risk requirements. The standard edition not only incorporates best practice into our clients risk management, but is fast to implement so that they can be up and running quickly and actively managing their risk with the new software,” adds Rita Silverstein, director, Operational Risk Product Management, Algorithmics.