Algorithmics, the provider of enterprise risk management solutions, has been recognized by three research organizations, Chartis, Celent and Gartner.
The Chartis report on Operational Risk Management Systems 2009 placed Algorithmics in the top quartile.
Celent, in its 2009 report, Enterprise Operational Risk Management, Compliance and Governance Solutions: Towards a Convergence End Game, noted Algorithmics as one of three vendors leading the field.
Gartner, Inc, positioned Algorithmics in the Leaders Quadrant of its 2009 report, Magic Quadrant for Operational Risk Management Software for Financial Services. The Gartner Magic Quadrant positions vendors within a particular quadrant based on completeness of vision and their ability to execute on that vision.
“We are delighted that Chartis and Celent have recognized Algorithmics as a leading operational risk management systems vendor and that Gartner has positioned Algorithmics in the leaders quadrant of its report, says John Winter, senior vice president, Operational Risk Implementation, Algorithmics. At a time when international regulators are acknowledging the importance of operational risk within holistic risk management we have continued to innovate to provide our clients with a complete operational risk management solution with Algo OpVar.
According to the Chartis report, a successful ORM vendor such as Algorithmics must offer a flexible technology structure, on-going innovation, scalable sales and marketing strategy, domain expertise and the ability to offer a one-stop shop for operational risk, credit risk and market risk solutions as part of an integrated proposition.
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