Algorithmics moves up the OpRisk & Compliance annual software rankings

Toronto/London - May 12, 2008 -

Algorithmics has received its best ranking to date in the recently announced OpRisk & Compliance Annual Software survey, moving up a position in every one of the five categories in the survey. Algorithmics was ranked first for scenario analysis and first for regulatory and economic capital.

Commenting on the results, John Winter, Senior Vice President, Operational Risk Solutions, Algorithmics, said: "In a year when risk management, and particularly operational risk management, is so prominent, we are delighted that the strength of Algorithmics operational risk solutions has been recognized."

Rita Silverstein, Director, Operational Risk Product Management, Algorithmics, added: "We knew we had made some ground breaking enhancements in our new standard edition of Algo OpVar, but what is more interesting for us is that our clients are confirming that the best practice methodology built into the standard edition is a good fit to their operational risk requirements. The standard edition not only incorporates best practice into our clients risk management, but is fast to implement so that they can be up and running quickly and actively managing their risk with the new software."

OpRisk & Compliance reported: "Algorithmics is pushing for ERM as the future of risk management", and this is confirmed by Rita Silverstein, who added: "For Algorithmics, with our significant client base and capabilities in market, credit and operational risk, we are always looking at ways to integrate risk management, give clients a complete ERM solution and use this as a fundamental driver of value creation."

Notes to Editors:

OpRisk & Compliance magazine's ranking methodology
These rankings were compiled from an online survey conducted during the months of March and April by OpRisk & Compliance magazine. The survey was sent to more than 4,000 readers of OpRisk & Compliance from around the world, and respondents were asked to rank their top five companies across a range of five categories. The results were compiled by Incisive Research, a subsidiary of Incisive Media.

Algorithmics is the world's leading provider of enterprise risk solutions. 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. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group. www.algorithmics.com

Algo OpVar is a cost-efficient, flexible and comprehensive best practice software product for operational risk management. It is built on a single, integrated platform that can be customised to meet an organisation's individual needs. The fully integrated nature of the system enables an institution to select only the functionality immediately required and add more if and when desired. As a result, it can scale to meet a company's changing needs and requirements as well as evolving regulatory and rating agency requirements. It provides management with an integrated view of operational risk, bringing together internal loss event data collection, external loss data, risk and control self-assessments, key indicators, structured scenario analysis, capital modeling and risk mitigation strategies. It is available as a customized product, configured to meet a client's specific requirements, or as a Standard Edition, providing clients with an out-of-the-box methodology for operational risk management without major investment.

Fitch Group is the parent company of Fitch Ratings, a global ratings agency committed to providing the world's markets with independent, timely and prospective credit opinions. With 49 offices worldwide, Fitch Ratings' global expertise spans across capital markets in over 150 countries. Fitch Ratings is headquartered in New York and London.

The Fitch Group also includes Fitch Solutions, a distribution channel for Fitch Ratings products and a provider of data, analytics and related services; and Algorithmics, the world's leading provider of enterprise risk solutions.

The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France. For additional information, please visit www.fitchratings.com www.algorithmics.com and www.fimalac.com

For further information please contact:

Heather Smith, Senior Communications Manager, Algorithmics (UK) Ltd
Direct line +44 (0) 20 7392 5820 Mobile +44 (0) 7515 974223
E-mail Heather.smith@algorithmics.com

© 2008 Algorithmics Software LLC. All rights reserved. ALGO, ALGORITHMICS, Ai & design, ALGORITHMICS & Ai & design, KNOW YOUR RISK, MARK-TO-FUTURE, RISKWATCH, ALGO ALM, ALGO COLLATERAL, ALGO CREDIT ADMINISTRATOR, ALGO CREDIT DATA SERVICES, ALGO CREDIT ECONOMIC CAPITAL, ALGO CREDIT EXPOSURE, ALGO CREDIT LIMITS, ALGO CREDIT REGULATORY CAPITAL, ALGO CREDITVANTAGE, ALGO ETREASURY CREDIT, ALGO FIRST, ALGO MARKET ANALYTICS, ALGO OPDATA, ALGO OPVAR, ALGO RECONCILIATION, ALGO RISK, ALGO RISK SERVICE, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.

Press Contact

Heather Smith
Senior Communications Manager
Tel:  +44 (0)20 7392 5820
Mobile: +44 (0) 7515 974 223
Fax: +44 (0)20 7395 5701
email: Heather.Smith@algorithmics.com