Services, content and Algorithmics risk analytic software widely used by insurance companies, investment and banking to help them assess the risk, meet regulatory requirements, and take a more insightful business decisions.
This acquisition will expand the capabilities of IBM's business analytics in financial services and banking industry since IBM will be able to help its customers assess, manage and optimize risk they face in various domains of financial risks, including market, liquidity, credit, operational and insurance, in addition to capital regulatory and economic.
"The current economic environment requires financial firms to have more cash, better understanding of their financial condition, and the ability to present a better transparency to stakeholders," explained Nina K Wirahadikusumah, Country Manager, Software Group , IBM Indonesia in a press release.
More than 350 customers, including 25 of the 30 leading banks and more than two-thirds of the CRO Forum member insurance companies, using the services of advice and analytical software Algorithmics. Among other things, its customers is the Allianz Group, BlueCrest, HSBC, Nedbank, Nomura, Societe Generale, and Scotia Capital.
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