Algorithmics launches Algo OpRisk package

INFORMATION TECHNOLOGY

BANFF, ALBERTA -- Canadian risk management software firm Algorithmics in May launched Algo OpRisk, a software package for managing operational risk.Algorithmics said Halifax Group, the UK mortgage bank, played an important role as a strategic client in the development of the package, assisted by professional services firm Arthur Andersen.Algo OpRisk builds on Algorithmics’ existing Algo Watchdog product to help firms manage the risk of loss from operational hazards such as fraud, technology