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New oprisk products coming soon

TORONTO AND WAYNE, PENNSYLVANIA – Both Algorithmics and SunGard – two giants of the financial software industry – are launching new operational risk products over the coming month.

Algorithmics, headquartered in Toronto, is launching its new operational risk software suite at its annual users conference in May.

When FitchRisk purchased Algorithmics in January 2005, each vendor had its own operational risk software product. The new suite of tools incorporates the best of both products, according to Dan Mudge, group managing director at Algorithmics. The vendor also consulted

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