Algorithmics patents operational risk capital modelling framework
Framework extension to Algos OpVar op risk software awarded patent
Algorithmics has been awarded a patent for its operational risk capital modelling framework, which will be offered as an extension to its OpVar operational risk management software.
Patents for op risk solutions have been notoriously hard to get. Many applications in the early days of the discipline were denied as they were considered simply best practice rather than something truly innovative.
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