A-Team Insight Blogs

SS&C Algorithmics Releases Risk Scenario and Simulation Service

SS&C Technologies has released SS&C Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based risk scenario and simulation service. The first scenario in the series focuses on the impact of pandemics such as COVID-19.

The service uses machine learning, global datasets, financial risk modelling and stress testing to create risk scenarios. The pandemic service delivers specialised stress tests over one, five, and ten-day periods to help organisations make decisions. It links epidemiological Susceptible, Infected, Recovered and Death (SIRD) factors to major global indices across North America, Europe and Asia, and can be expanded to include other macroeconomic data analytics.

Mina Wallace, general manager at SS&C Algorithmics says the company’s stress scenarios allow organisations to plan for changing market conditions with more accurate risk assessments. She adds: “The result is a cost-effective and efficient solution for financial institutions to help prepare for what’s ahead.”

SS&C acquired Algorithmics from IBM in October 2019, adding over 200 clients, 350 employees and offices in 25 countries. IBM acquired Algorithmics from Fitch Group in September 2011 and folded the company into its business analytics and optimisation division. The Algorithmics brand all but disappeared from view at IBM, but was resuscitated as SS&C Algorithmics following the SS&C acquisition.

Related content

WEBINAR

Recorded Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence...

BLOG

Quantexa Innovates AML Monitoring with Contextual Decision Intelligence

Quantexa, a London-based data and analytics company, is innovating Anti-Money Laundering (AML) monitoring and investigation with the use of contextual decision intelligence (CDI), a means of enriching internal data with external data and building networks of relationships to create a contextual view of a customer. The company says complex financial crime in capital markets, including...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...