Algorithmics was once again voted the top enterprise-wide risk management vendor, receiving more first places in the enterprise-wide risk categories than any other vendor in the latest Risk Technology Rankings from Risk magazine.
Risk magazine, a leading financial risk management publication, established its annual technology rankings in 2004 to recognize best practice and innovation in the risk management industry by leading software vendors. Risk practitioners select the winning organizations based on their ability to best respond to the needs of their clients and address industry challenges.
Algorithmics was again recognized for providing superior risk solutions to help organizations go beyond measurement of risk and compliance, to provide users with tools to make risk-aware business decisions. This was reflected in the survey results where Algorithmics recorded 4 category wins, was voted in first or second place in 8 of the 10 enterprise risk categories (market, credit, risk dashboards, Basel II, integrated market and credit, counterparty and both operational risk categories) and overall secured 15 Top 3 positions.
The big, established vendors with long track records have attracted the most votes, demonstrating banks are looking for technology firms that can provide a full range of services, says Clive Davidson, contributing editor at Risk. Toronto-based Algorithmics has again proved to be the dominant risk management technology specialist. Aside from enterprise risk management and liquidity risk, Algorithmics has concentrated on providing business decision makers with risk analysis tools.
D.C.