Meridien Report Highlights Rise In Spending On Credit Risk Systems
TECHNOLOGY & INTEGRATION
MASSACHUSSETTS--Spending levels on enterprise-wide credit risk technology are set to dwarf current expenditure on market risk solutions, according to the latest risk management survey from Meridien Research, the Needham, Massachusetts-based consultancy house. Some $415 million was spent on credit risk technology by the world's largest 375 financial firms in 1997, adds the report.
The Meridien survey, dubbed Credit Risk Management Technologies, says corporate credit risk analysis is in the midst
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