Republic National Bank Signs With Algorithmics For Central Risk Group


REPUBLIC National Bank of New York is installing a new enterprise-wide risk management system at its New York headquarters, say bank officials.

The bank has selected risk management software from Toronto-based Algorithmics to support its independent risk oversight unit, which was established a few years ago, say bank officials. Meanwhile, sources say the bank is looking for a head of risk management.

Republic National expects to have its new risk software fully deployed by the end of next year. It

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