Algorithmics Achieves a Top Ranking in Chartis Risk Tech100

27 October 2008

Algorithmics today announced that it has achieved a top ranking in the annual Chartis RiskTech100 ranking of the top 100 risk technology vendors worldwide. Algorithmics was recognized as the winner in the categories of Innovation and Functionality and ranked 3rd overall.

Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said: “We are delighted that the innovation and functionality of our risk solutions has been recognized by Chartis in its latest risk technology ranking. Algorithmics has a strong commitment to research and innovation in risk management technology and it is gratifying to have this recognized by a leading industry analyst.”

Chartis Research selects and ranks the top risk technology firms on the basis of a comprehensive sweep of the marketplace and a detailed assessment methodology. This year Chartis has applied its detailed evaluation metrics to identify and announce winners in a number of key categories.

Algorithmics has been selected as the winner in two different categories: Functionality and Innovation. “Data collated from our end-user surveys and interviews coupled with product reviews showed Algorithmics as the best performer in terms of depth and breadth of functionality”, comments Chartis, “Key highlights were the range of coverage of different risk classes including credit, market, operational, insurance, trading book and banking book risk. These capabilities were supported by a demonstrable stream of innovative features and value propositions and a healthy culture of co-development with existing clients.”

Michael Zerbs, President and COO of Algorithmics added: “We are proud that Algorithmics has been recognized by Chartis in their most recent risk technology ranking. Through our ongoing commitment to innovation and functionality, we are able to provide clients around the world with solutions that help them make more informed, risk-aware business decisions."

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