Algorithmics Launches Algo Strategic Business Planning

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To Provide Senior Executives with Interactive Oversight of Banks’ Risk and Finance Operations

Algorithmics' Algo Strategic Business Planning Product

Being able to interpret risk and finance information in a way that senior management can use easily and effectively is now a powerful reality.

Algorithmics, the leading provider of enterprise risk solutions, today announced the launch of Algo Strategic Business Planning, a product that provides banks’ senior management with a comprehensive view of their operations, with the ability to stress, forecast and optimize over a range of possible changes in portfolios and key risk drivers at the enterprise level.

Algo Strategic Business Planning provides unparalleled decision support for those required to manage the complexities of a bank’s risk/return profile, now and over the planning horizon. Allowing the entire banks’ policies and strategies to be measured and analyzed in terms of capital consumption, exposure, liquidity and profitability over a range of possible changes in portfolios and key risk drivers, reduces the likelihood of surprises and enhances the bank’s ability to respond to changes while continuing to meet its risk and return targets.

Richard Reeves, Senior Director, Business Intelligence Group at Algorithmics, commented: “Banks of all sizes are challenged to present the wide array of results and data produced by their various risk and finance systems. Algorithmics has developed Algo Strategic Business Planning to help banks extract, interpret and analyze this information in a timely, meaningful and interactive way for executive oversight and analysis. Bank executives can interrogate ‘bank on a page’ reports to understand their overall risk profile, sensitivities to key risks and the risk factors that drive their profitability, stability and growth across the entire organization.”

Featuring an organized and intuitive web-based dashboard interface, Algo Strategic Business Planning facilitates both day-to-day oversight and long-term strategic planning by providing senior managers and decision makers with a holistic overview of their organization derived from their existing systems and infrastructure.

It features:

  • ‘Bank on a Page’ reports, showing key metrics for market risk, credit risk, ALM, liquidity and capital within a single, web-based interface, that are intelligible and interactive
  • CEO watch lists, including, top 10 counterparties by exposure or capital consumption, or bottom 10 bank divisions by RAROC
  • analysis of incremental economic capital and RAROC, showing the impact of changes in exposure on capital consumption and profitability
  • optimization, displaying the bank’s portfolio, and the investments and divestments required to provide the optimal return, while maintaining desired risk exposure
  • risk aggregation, revealing the results of the aggregation of risk silos into a single, full economic capital distribution for the organization as a whole.

John Macdonald, Executive Vice President, Algorithmics, added: “Being able to interpret risk and finance information in a way that senior management can use easily and effectively is now a powerful reality. Early feedback from our clients about Algo Strategic Business Planning has been extremely positive and indicates to us that providing a view of the ‘bank on a page’ is exactly what clients are looking for. Developing risk solutions with tangible business benefits has been a focus of Algorithmics’ innovation in recent years. This product will provide our clients with holistic risk oversight, analysis and planning across their institutions.”

For more information about Algo Strategic Business Planning, visit: http://www.algorithmics.com/EN/services/10421-prodserv.cfm?wt.mc_id=1103ASBP_PLAL01

The launch of Algo Strategic Business Planning builds on Algorithmics’ success in the risk dashboard space, with first place rankings in the Risk Magazine’s Technology Rankings for Risk Dashboards, for two years in a row.

Read about the thinking behind Algo Strategic Business Planning in the TH!NK magazine article on Balancing Strategy Capital and Risk.

For further information please contact:

Heather Smith, Senior Communications Manager, Algorithmics (UK) Ltd
Direct line +44 (0) 20 7392 5820 Mobile +44 (0) 7515 974223
E-mail Heather(dot)smith(at)algorithmics(dot)com

Notes to Editors:

Algorithmics is the world's leading provider of risk solutions. Financial organizations from around the world use Algorithmics' software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group. http://www.algorithmics.com

Algo Strategic Business Planning benefits:

  • Presents the Bank on a Page

Algo Strategic Business Planning offers senior executives and board members of banks of all sizes the bank on a page: a comprehensive view of their bank’s operations and risk/return profile, with data derived from various risk and finance systems, presented within a web-based dashboard interface designed for optimum intelligibility and ease of use.

  • Enhances strategic decision making and planning

Algo Strategic Business Planning enhances the capacity of bank senior managers and board members to plan and oversee risk and capital management at the enterprise level, accentuating the bank’s ability to respond to potential change while continuing to meeting its risk and return targets.

  • Optimizes a bank’s investment in existing financial infrastructure and systems

Algo Strategic Business Planning represents a value-added complement to a bank’s existing systems with its unparalleled capacity to integrate data regardless of source system, cost-effectively leveraging Algorithmics’ decades of experience as an industry-leading provider of risk systems and our capacity to amortize the cost of this intellectual property over a number of clients.

  • Enables effective reporting, analysis and oversight

Algo Strategic Business Planning enables up-to-date reporting of risk metrics regarding risk appetite and stability across the enterprise, conveyed in an intelligible format to enhance analysts’ meetings and support regulatory requirements for effective board-level oversight.

  • Optimizes long-term profitability and growth

Algo Strategic Business Planning optimizes bank profitability by giving senior executives, required to manage the complexities of a bank’s risk/return profile both now and over the planning horizon, the capacity to measure their bank’s policies and strategies in terms of capital consumption, liquidity and profitability, and develop strategies enhancing the bank’s ability to respond to market changes and maximize sustainable long-term growth potential.

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings’ global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France.

For additional information, please visit http://www.fitchratings.com, http://www.algorithmics.com and http://www.fimalac.com

© 2011 Algorithmics Software LLC. All rights reserved. ALGORITHMICS, Ai Logo, ALGORITHMICS & Ai Logo, ALGO, MARK-TO-FUTURE, RISKWATCH, KNOW YOUR RISK, ALGO RISK, ALGO MARKET, ALGO CREDIT, ALGO COLLATERAL, ALGO FIRST, ALGO ONE, ALGO FOUNDATION, ALGO FINANCIAL MODELER, ALGO OPVAR and TH!NK Logo are trademarks of Algorithmics Trademarks LLC.

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Heather Smith
Algorithmics Ltd.
+44 (0) 20 7392 5820 / +44 (0) 7515 974223
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Algorithmics logoAlgorithmics' TH!NK magazine article 'Balancing Strategy Capital and Risk' http://www.algorithmics.com/THINK/Dec10/Algo-THINK1210-BSCR-Onorato.pdf