Algorithmics
Algo slaps injunction on SunGard over use of confidential information
Canadian risk management systems provider Algorithmics has slapped an injunction on SunGard aimed at stopping its US-headquartered rival from using confidential information allegedly leaked to SunGard by an ex-Algorithmics employee.
Algo’s Dembo joins Prmia ‘blue ribbon panel’
Ron Dembo, founder and president of Algorithmics, the Canadian risk management software and advisory company, has joined the ‘blue ribbon panel” of advisors to the Professional Risk Managers’ International Association (Prmia).
Financial institutions ill equipped to deal with credit risk developments, says D’Silva
The changing attitudes to credit risk among banks amounts to a "cultural revolution", Adrian D'Silva, director of capital markets supervision for the Federal Reserve Bank of Chicago, told delegates at a credit risk management conference in Vienna today…
Algorithmics strengthens European connection
TORONTO - Canadian risk management software company Algorithmics said in October that Denmark-based Danske Bank had licensed its Algo Collateral software system to manage their over-the-counter derivatives and repo-margining activities. An Algorithmics…
BarCap lures Aguais from Algorithmics
Barclays Capital, the investment banking division of Barclays Bank, has lured Scott Aguais from enterprise risk management vendor Algorithmics, to work as its new head of credit risk methodology in London.
Credit risk systems: Getting the risk right
The requirements of the new Basel Accord are prompting some banks in Asia to begin implementing sophisticated credit systems, but there are still some obstacles to overcome.
BBVA selects Asset Control for Europe, Latin America
Spanish bank BBVA, formed by the merger of Banco Bilbao de Vizcaya and Argentaria in 2000, has selected Asset Control to provide infrastructure to centralise and monitor the control of pricing and reference data for its risk management department.
Bayerische Landesbank to use Algo for cross-product margining
Bayerische Landesbank (BayernLB), 50% owned by the Association of Bavarian Savings Banks with the remainder held by the Bavarian regional government, plans to implement Algo Collateral for all its cross-margining by March next year.
New vendor to compete with IBM and BEA Systems for bank op risk business
GoldTier Technologies, based in Mount Laurel, New Jersey, is looking to compete with IBM and BEA Systems in the financial workflow order management systems business. Technology for workflow order management aims to reduce the operational risk posed by…
Market-making hedge fund ups size and mulls credit debut
London-based hedge fund Algometrics is aiming to raise a further $100 million by October 2002 for its existing equity fund and is eyeing a move into credit derivatives.
Algorithmics hires van den Akker to push Algo Credit sales
Algorithmics, the Toronto-headquartered provider of risk management software, has appointed Mark van den Akker as a sales specialist to head its Algo Credit risk sales in North America.
Insurers embrace risk systems
Insurance companies have been slower than banks to adopt advanced risk modelling techniques and technologies. But regulatory changes and business exigencies are spurring them to adopt a new generation of risk and capital management systems.
Algorithmics names EMEA and Asia-Pacific regional sales directors
Toronto-based risk management software developer, Algorithmics, has appointed Hugh Stewart as regional managing director of sales for Europe, the Middle-East and Africa, and Graham Nyman as regional managing director ofsales and professional services for…
Algorithmics cashes in on regulator demands
Toronto-based risk technology company Algorithmics attributed record revenues for its fiscal year 2002 to increasingly stringent banking regulator demands on financial institutions for greater implementation of risk management software.
Weaving an integrated solution
A treacherous credit environment and growing awareness of the danger of credit and market risk correlation have convinced financial institutions that they need to evaluate these exposures together. To get a unified view, will they need to adopt unified…
Standard Chartered's New Risk Architecture
An enterprise-wide risk engine will better integrate risk measurement with business decisions.
Measuring the Unexpected
The events of Sept. 11 brought increased attention and confusion to the practice of managing operational risk.
NTC joins forces with Algo in bid to meet Basel II
Chicago-based multi-bank holding company, Northern Trust Corporation (NTC) has teamed up with Canadian risk management software provider, Algorithmics, to enhance NTC's enterprise-wide risk management (ERM) engine to meet key Basel II requirements.
Emerging markets ramp up
Asset and liability management systems sales continue to be strong in the US and Europe, thanks to Basel II preparations. But it is in the emerging markets that vendors say strong sales growth will come in 2002.
Algo includes S&P for Basel II
Algorithmics is strengthening its credit risk management offering as demand grows for more comprehensive credit solutions. It is integrating a number of Standard & Poor’s credit data products with its analytical tools and developing a new module to help…
Algo to offer Basel II-compliant credit risk solution
Algorithmics, the Toronto-based risk management technology firm, says it is working with its clients to include a credit solution in its suite of products which meets the specific data architecture, data modelling and technology requirements required…
Major South African firms renew Algo contracts
Four of South Africa's leading corporations have renewed market risk management services contracts with Toronto-based risk management solutions provider Algorithmics
Canada’s Royal Bank signs up to Algo Credit Evaluator
RBC Dominion Securities (RBC DS) has joined Bank One in conducting beta tests of Algorithmics' Algo Credit Evaluator (ACV), a credit evaluation tool developed by the Toronto-based risk analytics vendor.
Beyond Basel II - operational risk management comes of age
Integrated, enterprise-wide, operational risk management can offer much more than just regulatory compliance.