Algorithmics and PeopleSoft Partner to Improve Risk Management

PeopleSoft has announced a software alliance with Algorithmics that will deliver an enterprise risk and profitability management solution for the banking and capital markets industry. The company said the partnership would enable financial services firms to improve risk management and meet Basel II compliance requirements. PeopleSoft’s profitability management applications will be combined with Algorithmics’ enterprise risk management products to deliver a product that would allow financial institutions to better analyze risk, allocate investment capital, and comply with regulatory requirements.


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