Alogorithmics was among the companies positioned in Gartner’s Basel II Solutions Magic Quadrant for its risk management software.
Kim Olson, co-managing director of capital management at Algorithmics, attributes the software company’s recognition as reward for a “proven track record in providing practical solutions to the many Basel II implementation challenges that banks are facing, developing innovative products and services for managing both regulatory and economic capital, and delivering a platform that captures and measures credit, market, and operational risk across the enterprise.”
The vendors listed in the Leaders Quadrant do not necessarily offer the best products for every customer project, but they do provide solutions that offer relatively lower failure risk, the Gartner’s survey reported.