SS&C Algorithmics wins Risk Technology Awards 2020 Bank ALM system of the year

Tuesday, July 7, 2020 | By Kate Fray, Director, Marketing& Communications, SS&C Algorithmics

SS&C Algorithmics wins Risk Technology Awards 2020 Bank ALM system of the year

SS&C Algorithmics is pleased to share that we have won Bank ALM system of the year at the prestigious Risk Technology Awards 2020.

The SS&C Algorithmics ALM solution provides a next-generation risk system, designed with business-driven interfaces, and built on high-performance analytical engines that delivers uncompromising, comprehensive results.

The judges were impressed with the “rich and comprehensive integrated functionality…It makes good use of technology, both current and older, which is pragmatic for a pluralist and diverse global user base” and that “the company demonstrates that innovation is a continuous process.”

Steven Good, Global Product Manager, SS&C Algorithmics Balance Sheet Risk Management commented:
“We are very proud to win this award recognizing our next-generation SS&C Algorithmics ALM solution and the benefits our clients are realizing. Business user experience is transformed with our browser-based application, and clients benefit from a wide range of product models, behavioral, planning and rate equations, and unrivaled Python extensibility. The highly scalable in-memory technology for reporting allows banks to answer questions the data presents. The solution is built on cutting-edge technology, including Hadoop big data, Spark-boosted 3-Tier and cloud, providing unparalleled performance even on tens of millions of transactions and thousands of scenarios.”

Download our full announcement to read more about this award win or download our  "IRRBB Adoption: A Global Review" whitepaper discussion of global adoption of IRRBB.

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