Algo to release flagship Basel II-compliant system in January

“It will be the first generally available Basel II solution that includes a comprehensive framework for data consolidators,” said Dembo, a former Goldman Sachs model optimisation team leader.

He added that Algorithmics had worked with four of the world’s top 10 international banks to develop the system. The UK’s HSBC and Royal Bank of Scotland are two of the partners. Algorithmics declined to name the other pair.

HSBC senior IT manager John Hand, also speaking at the conference this morning

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