17 October 2017
visit www.response.ncr.com

Commerzbank partners with Algorithmics to develop op risk forecasting tool

04 November 2002  |  4122 views  |  0 Commerzbank partners with Algorithmics to develop op risk forecasting tool

Commerzbank is partnering with Algorithmics to develop a new software module for measuring and managing operational risk.

The bank and vendor are working together to develop a new component of the Algo OpRisk Analytics module. The component, dubbed Algo OpModel, will provide a statistical analysis environment that allows users to select and calibrate operational loss forecasting models to measure operational risk through the calculation of economic and regulatory capital, and to understand the business impacts of operational risk.

Joachim Pfeifer, head of operational risk control at Commerzbank, says the new development is based on an extension of the bank's ongoing usage of the Algo Market solution.

He says: "Our next step will be to broaden our capability through the Algo OpRisk solution that enables us to pro-actively manage operational capital requirements throughout our organisation while complying with emerging regulatory standards."

Michael Zerbs, chief operating officer for Algorithmics, adds: "Joint development partnerships are excellent opportunities to merge the expertise of our internal development teams with that of our partners."

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

PeopleSoft weighs in with Basel risk application

PeopleSoft weighs in with Basel risk application

22 October 2002  |  3446 views  |  0 comments
Brief: Rolfe & Nolan completes second phase Commerzbank implementation

Brief: Rolfe & Nolan completes second phase Commerzbank implementation

18 October 2002  |  3594 views  |  0 comments
Danske Bank licenses Algo Collateral system

Danske Bank licenses Algo Collateral system

17 October 2002  |  3463 views  |  0 comments
Algorithmics launches Algo Suite 4.2 for risk management

Algorithmics launches Algo Suite 4.2 for risk management

07 October 2002  |  3173 views  |  0 comments
Accurate unveils operational risk management solution

Accurate unveils operational risk management solution

30 September 2002  |  2839 views  |  0 comments
SAS launches enterprise risk and Basel II software suite

SAS launches enterprise risk and Basel II software suite

25 September 2002  |  3861 views  |  0 comments
London Bridge stakes interest in op risk vendor Amelia Financial

London Bridge stakes interest in op risk vendor Amelia Financial

24 September 2002  |  3202 views  |  0 comments
Algorithmics wins Bayerische Landesbank collateral contract

Algorithmics wins Bayerische Landesbank collateral contract

12 September 2002  |  3612 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14388 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13044 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8948 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7878 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7587 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job