Toronto — Algorithmics announced 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 third overall.
"We are delighted that the innovation and functionality of our risk solutions has been recognized by Chartis in its latest risk technology ranking," says John Macdonald, EVP, Algorithmics. "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," says 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."
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