Mexico's Grupo Financiero Banorte (Banorte) is to use Algorithmics' Algo Suite solution to integrate market, credit and liquidity risk operations across the bank.
The solution will be installed at the bank's Monterrey headquarters, and be connected to Banorte's brokerage operation in Mexico City.
Banorte has also contracted with Algorithmics for consulting services, including instruction on risk management best practices.