Research and advisory firm, Celent, commended Algorithmics’ Basel II offering as the “broadest and deepest” available for core Basel II applications in its new report, “Risk Management and Basel II: Comparing the Financial and Credit Risk Solution Vendors.”
“Algorithmics, being a specialist in the risk management arena, provides the broadest and deepest offering for Basel II covering market, credit, and operational risks,” writes Cubillas Ding, who lead the report. “In terms of advanced features and technology, Algorithmics is strongly positioned not only because it possesses an integrated approach to market, credit, and operational risk, but also because is delivers data and sophisticated analytics/models.
The report examines the state of the market for Basel solutions and assesses offerings from seven vendors who are helping institutions meet Basel II requirements, and also examines the lessons learned from the first-wave institutions that have purchased Basel II solutions.
Ding said that Algorithmics’ client services ranked particularly high, with “the depth of services combining not only risk analytics, models, and software but also ASP options for delivering credit risk advisory services and industry-level data pooling services.”
“The marketplace for true Basel II solutions can be a challenge for institutions to navigate due to the varied size and expertise of current vendors,” said Michael Zerbs, president and CEO at Algorithmics. “This report recognizes Algorithmics as a leading choice for institutions looking for the most comprehensive risk solution in the industry; one that offers thought leadership and extensive Basel II and capital management experience.”