22 October 2017
Find out more

Algorithmics splashes into the gulf at ABC

01 November 2000  |  2207 views  |  0 Algorithmics splashes into the gulf at ABC

Arab Banking Corporation is to implement an enterprise wide risk management system using technology supplied by Canadian vendor Algorithmics.

The initial market risk implementation of the Algo Suite solution at ABC is to include value at risk, stress testing, concentration risk, liquidity risk, back testing and sensitivity analysis. The project will aim to consolidate a wide variety of currencies and instruments, including foreign exchange, equities, fixed income, money market instruments, commodities, options, mutual funds and Islamic products.

ABC says it intends to progressively extend the solution with the ultimate aim of giving the bank's treasury group a complete view of how market, credit, liquidity risk and asset liability management interact across the enterprise.

Ron Dembo, president and CEO of Algorithmics says: "ABC is our first client in the Gulf States, and an important partner for our future growth in that region. The ability of Algo Suite to incorporate banking products and ALM into the mark-to-future enterprise-wide risk framework are important features for banks within the Gulf States."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Brief: Banorte selects Algo Suite for risk management

Brief: Banorte selects Algo Suite for risk management

20 September 2000  |  3065 views  |  0 comments
Algorithmics refinances; acquires Sentry Financial

Algorithmics refinances; acquires Sentry Financial

15 September 2000  |  3668 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
Register nowvisit www.innotribe.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14455 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13032 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9779 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9650 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8786 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job