17 January 2018
visit http://response.ncr.com

Algorithmics upgrades regulatory capital software

02 June 2009  |  1735 views  |  0 Source: Algorithmics

Algorithmics announced today that the latest release of its regulatory credit capital software for Basel II, Algo Credit Regulatory Capital version 4.6, has significantly reduced the processing time of its clients' capital calculations so that they can now produce daily risk reporting, with one client achieving a 600% improvement in performance.

Algorithmics reported that a major European bank, having recently gone live with the software, has experienced performance gains of 600% and reduced total cost of ownership. The software is designed to support financial institutions experiencing substantial growth in data volumes and risk reporting requirements, for example, as a result of merger activity or in response to recent market events.

Jivantha Mendis, Senior Director, Capital Analytics at Algorithmics said: "Our latest release of Algo Credit Regulatory Capital is exceeding our clients' performance, volume processing and frequency of capital reporting requirements. The results experienced to date are truly market leading. Our streamlining of Algo Credit Regulatory Capital is a major milestone in our drive to reduce total cost of ownership for our clients through better performance, lower hardware and maintenance costs, faster implementation and shorter batch windows."

Michael Zerbs, President and COO of Algorithmics, added: "For Algorithmics, the capability to deliver such a strong performance improvement to our clients is validation that our focus on innovation and on investment in developing leading edge risk management solutions is the right one for us and for our clients. We will continue to invest in research and development to ensure we provide risk solutions that help our clients make more informed, risk-aware business decisions."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11283 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9925 views comments | 14 tweets | 33 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9115 views comments | 17 tweets | 18 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
8822 views comments | 30 tweets | 34 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
8813 views comments | 17 tweets | 13 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job