Toronto-based Algorithmics Incorporated has released version 4.2 of its risk management solution Algo Suite.
The suite, which is based on the company's mark-to-future methodology, provides an enterprise-wide view of all types of risk including market, credit, asset and liability management (ALM) and operational.
Algo Suite 4.2 provides authenticated users with real-time access to global limits and exposures via Web-enabled interfaces.
The system can also be scaled to incorporate new risk management tools, business divisions, geographical areas, instruments and methods.
Michael Zerbs, COO, Algorithmics, says: "Algo Suite 4.2 gives financial institutions the critical ability to construct enterprise risk management functions that embrace changing business and regulatory requirements without the need to reinvest in costly new systems."