Algorithmics Incorporated has launched Algo Suite 4.5, the latest version of its suite of enterprise risk management solutions. Algo Suite 4.5 delivers integration of economic capital measurement and regulatory compliance.
“Our clients understand that Basel II is about better risk management and better business practices, not just compliance,” said Dr. Michael Zerbs, president and chief operating officer at Algorithmics. “Through Algo Suite 4.5 enhancements to Algo Capital, we are enabling our clients to meet Basel II deadlines while supporting a longer term strategic risk management framework. Algo Capital is already a key component in a number of Basel II initiatives including extensive projects at two of the world’s top 10 banks and several leading regional banks. Meeting Basel II requirements is also a key benefit of our Algo Credit Administrator product, yet its robust and proven credit workflow process will also allow clients to do more credit business.”
Algo Suite 4.5 supports enterprise-wide economic capital measurement and regulatory compliance and provides integrated risk tools to support enterprise-wide economic capital measurement and regulatory compliance, according to a press release from the company.
“The solution enables the integration of economic and regulatory capital across the trading, banking and retail books. It serves as the foundation for addressing the requirements of Basel II by providing data management across all asset classes, EAD calculations and risk-weighted asset calculations. This ultimately enables firms to reduce complexity and leverage their Basel II investment into real savings from improved operational procedures, better capital management, and more informed finance decisions,” the press release stated.