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Algorithmics recognized again as a leader in credit risk management by Chartis.

Publication: M2 Presswire
Publication Date: 01-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-1 October 2009-Algorithmics: Algorithmics recognized again as a leader in credit risk management by Chartis(C)1994-2009 M2 COMMUNICATIONS

RDATE:01102009

Toronto, London -- Algorithmics has again been recognized as a leader in credit risk management by Chartis Research. The Chartis report, 'Credit Risk Management Systems 2009', examines the demand and supply side for credit risk management systems and covers the key market and regulatory requirements, implementation challenges and the competitive landscape. It covers all of Algorithmics' credit risk management solutions.

The report commends Algorithmics for its 'ability to offer multiple solutions across the enterprise risk management spectrum (ERM) and its coverage across multiple assets/products', and says that its 'integrated offerings provide significant value for financial institutions looking for a cost-effective 'one-stop-shop' for a range of risk and compliance solutions'.

Commenting on the results, John Macdonald, Executive Vice President, Algorithmics, said:

"The recent market turmoil has demonstrated that banks...

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