Fimalac’s holdings include a majority stake in Fitch Group, a global provider of financial services, North Colonnade Ltd, a commercial real estate complex in the prestigious Canary Wharf district of London, England, and Fimalac Développement, a subsidiary that acquires stakes in competitive companies with strong growth potential.For more information, visit IBM Business Analytics and Optimization at Acquisition to expand SS&C's risk analytics and regulatory solutions. Reblog. “It is increasingly important to deliver integrated solutions that provide a deep understanding of risk and enable effective decision support at the same time as meeting rapidly evolving regulatory requirements. Financial practitioners are tasked with making split-second decisions by analyzing activity happening both within their corporations and from other market forces. September 25, 2019. “Today's economic environment demands that financial institutions have more cash on hand, a better understanding of their financial standing and the ability to deliver more transparency to stakeholders,” said Rob Ashe, IBM General Manager, Business Analytics.
Acquisition to expand SS&C's risk analytics and regulatory solutions SSC Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has entered into a definitive agreement to acquire certain Algorithmics and related assets from IBM. Fitch Group operates in more than 50 countries, and is majority-owned by Fimalac, S.A., headquartered in Paris, France.Fimalac, a diversified holding company headquartered in Paris, France, is around 80 percent owned by its Founder, Chairman and CEO, Marc Ladreit de Lacharrière. Algorithmics, incorporated in Delaware as Fitch Risk Management, Inc, is a member of Fitch Group, majority owned by Fimalac, a holding company based in Paris, France.Fitch Group is a global provider of financial services, including credit ratings (Fitch Ratings), market analytics and services (Fitch Solutions) and enterprise risk management solutions (Algorithmics). Algorithmics provides leading risk analytic products and services for the financial services industry worldwide. Algorithmics has operations in Toronto, London and more than 20 locations worldwide.
Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. “Integrated risk management continues to be a challenge across insurance and financial services industries, as data grows in complexity and new regulations continue to be introduced to address financial market trends,” said Rob Ashe, IBM General Manager, Business Analytics. WINDSOR, CT, September 25, 2019 – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has entered into a definitive agreement to acquire certain Algorithmics and related assets from IBM.. Algorithmics provides leading risk … The technologies and business processes help organizations to quantify, manage and optimize their risk exposure across a range of financial risk domains, including market, liquidity, credit, operational and insurance as well as economic and regulatory capital. 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. PR Newswire. IBM Press Room - IBM today announced the closing of its acquisition of Algorithmics. Algorithmics is a risk analytics firm with operations in Toronto, Canada.
SS&C to Acquire Algorithmics Assets from IBM Acquisition to expand SS&C's risk analytics and regulatory solutions. Algorithmics' capabilities, combined with IBM's recent acquisition of OpenPages, gives clients a full array of financial and operational risk technology offerings and services to help with these challenges.
SS&C to Acquire Algorithmics Assets from IBM. “Combining Algorithmics' thought leadership, technology, content and services with IBM's globally recognized analytics business will help a broader group of clients improve their business performance based on a deeper understanding of risk.” Algorithmics risk analytics software and services combined with IBM's acquisition of Algorithmics' risk advisers will enhance IBM's Business Analytics and Optimization practice. News provided by. With the closing of this acquisition, approximately 900 Algorithmics employees will join IBM's Software Group.Algorithmics is the world's leading provider of risk solutions. The ability to gain granular insight into financial risks in advance provides businesses with critical information vital to their operations. With the closing of this acquisition, approximately 900 Algorithmics employees will join IBM's Software Group. Across the financial industry, integrated risk management continues to be a challenge -- made even more pressing by regulations triggered in response to the global financial crisis. Having this type of transparency and granular insight of financial risk in advance can help organizations meet new regulatory requirements.