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Industry news

Best risk analytics solution provider


10 September 2010 Toronto
Reporter: Justin Lawson

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Image: Shutterstock
Algorithmics has announced today that it has been voted the Best Risk Analytics Solution Provider for the second year running by Waters readers in the 2010 Waters annual financial technology rankings, which are awarded for excellence in financial IT solutions and services.

Algorithmics' analytics solutions, which measure and manage market, credit, liquidity and operational risk, help financial organizations make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements.

Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: "We are delighted that Algorithmics has received this recognition for our analytics solutions from Waters readers for the second year running and we would like to thank everyone who voted for us.

"As our clients' risk management requirements continue to evolve in the current fluid regulatory environment, we continue to provide innovative risk solutions based on our award winning analytics. Over the last year alone we have developed new solutions for credit value adjustment (CVA) and further enhanced our liquidity risk and Solvency II solutions. With the help of our clients, we continue to develop risk-aware business applications that support their decision making and business growth strategies."

More than 1,200 votes were cast in this year's Waters Rankings by readers of Waters magazine, Algorithmics' clients and other market participants. In the category of Best Risk Analytics Solution Provider, 24.2 percent of voters chose the Algorithmics solution, while the second and third place runners-up came in at 17.1 percent and 16.9 percent respectively.
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