Algorithmics pushes op risk product
TORONTO – Algorithmics, the risk management software vendor, has begun a new push on the marketing of its operational risk product by announcing the development of several new features as part of the launch of AlgoOpRisk Version 4.5.1.
Algo's op risk product had widely been regarded in the market-place as an appendage to the firm's highly successful Algo Suite – indeed, the product has just six clients at the moment. And while this is a greater number of clients than some op risk solutions possess, industry pundits had wondered why Algo wasn't promoting its solution more aggressively. Competitors and banks usually said, when
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