PeopleSoft Inc. announced a software alliance with Algorithmics that will deliver an enterprise risk and profitability management solution for the banking and capital markets industry. The combination of PeopleSoft's profitability management applications and Algorithmic's enterprise risk management products will deliver a comprehensive solution that will enable financial institutions to better analyze risk, allocate investment capital, and comply with Basel II regulatory requirements.

PeopleSoft's profitability management solutions offer robust analytic applications, including Financial Warehouse, Funds Transfer Pricing, Risk-Weighted Capital, Enterprise Scorecard, Activity Based Management, Planning & Budgeting, and Global Consolidations. Algorithmics offers an integrated enterprise view of economic and regulatory capital through Algo Capital, the company's Basel II compliance solution.  The solution provides the functionality banks need to manage capital and the requirements for all Basel II pillars, risk types, business lines, and asset classes.

The combination of PeopleSoft' profitability management applications and Algo Capital will enable financial services firms to seamlessly combine economic and regulatory capital data, and financial reporting.  As a result, financial services companies can gain greater visibility into their customers' credit risks, decrease capital charges through advanced methods and stress testing, and compute risk adjusted capital allocations.

 

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