List of SS&C Algorithmics (formerly IBM Algorithmics) Customers
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Since 2010, our global team of researchers has been studying SS&C Algorithmics (formerly IBM Algorithmics) customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.
Each quarter our research team identifies companies that have purchased SS&C Algorithmics (formerly IBM Algorithmics) for Risk Management from public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources, including the customer size, industry, location, implementation status, partner involvement, LOB Key Stakeholders and related IT decision-makers contact details.
Companies using SS&C Algorithmics (formerly IBM Algorithmics) for Risk Management include: Generali, a Italy based Insurance organisation with 87909 employees and revenues of $68.73 billion, NedBank, a South Africa based Banking and Financial Services organisation with 25954 employees and revenues of $63.59 billion, Aviva, a United Kingdom based Insurance organisation with 29091 employees and revenues of $53.09 billion, American International Group (AIG), a United States based Insurance organisation with 25000 employees and revenues of $47.25 billion, HSBC Mexico, a Mexico based Banking and Financial Services organisation with 38000 employees and revenues of $22.48 billion and many others.
Contact us if you need a completed and verified list of companies using SS&C Algorithmics (formerly IBM Algorithmics), including the breakdown by industry (21 Verticals), Geography (Region, Country, State, City), Company Size (Revenue, Employees, Asset) and related IT Decision Makers, Key Stakeholders, business and technology executives responsible for the TRM software purchases.
The SS&C Algorithmics (formerly IBM Algorithmics) customer wins are being incorporated in our Enterprise Applications Buyer Insight and Technographics Customer Database which has over 100 data fields that detail company usage of TRM software systems and their digital transformation initiatives. Apps Run The World wants to become your No. 1 technographic data source!
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| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Application | Category | When | SI | Insight |
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Aflac | Insurance | 12785 | $18.8B | United States | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2013 | n/a |
In 2013, Aflac implemented SS&C Algorithmics (formerly IBM Algorithmics) for Risk Management. The engagement rebuilt the vendor relationship with Algorithmics, recognizing Aflac as one of Algorithmics' largest insurance clients in North America and positioning the vendor to retain and expand its footprint in Aflac's enterprise risk management.
The deployment provisioned SS&C Algorithmics as the enterprise risk management platform, configured to support risk modeling, scenario analysis, regulatory capital calculation, and risk aggregation and reporting workflows. Implementation scope covered actuarial and finance business functions and centralized risk measurement across insurance operations in North America, accompanied by standardized model governance and consolidated risk data workflows to enable ongoing expansion of analytic coverage by the vendor.
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American International Group (AIG) | Insurance | 25000 | $47.3B | United States | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2010 | n/a |
In 2010 AIG implemented SS&C Algorithmics for Risk Management to support the Investment Group’s portfolio analytics and enterprise risk processes. SS&C Algorithmics was provisioned as the primary risk calculation and scenario generation engine used by the Asset Management and Enterprise Risk Management groups, with direct engagement from risk officers and quantitative analysts.
The implementation centered on the Algorithmics Suite 4.7x and a supporting J2SE 1.6 Java/XML ETL framework, extended to ingest positions and portfolio data across multiple fixed income asset classes. Functional capabilities implemented included risk calculation engines, scenario generation, market risk and credit spread analytics, and on-demand credit spread curve generation implemented as a Java module using linear and weighted interpolation techniques.
Operational integrations tied SS&C Algorithmics to Oracle 11g for relational persistence, PL/SQL routines for data access, and Sungard FAME time series storage accessed via the FAME TimeIQ API for historical market data. The runtime footprint spanned Sun Solaris and Red Hat Linux servers and included C++ components where native performance was required, reflecting a hybrid multi-tier architecture combining Algorithmics services, ETL processing, and relational and time-series stores.
Governance and delivery followed an Iterative and Waterfall blended approach, with rollout and configuration work driven by direct collaboration between developers, risk officers, and quant analysts. The project scope emphasized embedding Algorithmics into Asset Management workflows for asset and liability analytics, and operationalizing ETL and curve-generation modules to support portfolio-level risk measurement and scenario analysis.
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Aviva | Insurance | 29091 | $53.1B | United Kingdom | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2013 | n/a |
In 2013 Aviva deployed SS&C Algorithmics (formerly IBM Algorithmics) to support Risk Management across its TSS and Solvency II business functions. The SS&C Algorithmics implementation was positioned to provide enterprise risk calculation and reporting capabilities for Solvency II compliance.
The deployment ran on a VMware based Igloo infrastructure, with the Algorithmics software configured for HPC and Grid-enabled processing to support high performance batch and analytic workloads. Application access was presented to end users via a UAG Access portal, and a Remote Access Solution built on UAG2010 Direct Access and Windows 2012 Remote Access Solution was implemented, with seamless Office365 access via WAP and ADFS for federated authentication.
Operational scope covered TSS and Solvency II areas and involved in-country IT and business teams, service delivery, application support, and programme management. The program was executed alongside a Datacentre Consolidation initiative to migrate and consolidate services into new datacentres, requiring coordination with third-party vendors from initial engagement through contract negotiation to BAU handover.
Functional configuration emphasized risk calculation engines, high performance batch processing, and centralized user presentation layers delivered through access portals. Governance and rollout were organized around a central architecture SME accountable for architectural designs and liaison between the SS&C Algorithmics infrastructure team and broader IT and business stakeholders.
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European Investment Bank (EIB) | Banking and Financial Services | 4426 | $6.0B | Luxembourg | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2015 | n/a |
In 2015, European Investment Bank implemented SS&C Algorithmics formerly IBM Algorithmics in the Risk Management category. The deployment was centered on the IBM Algo One solution and involved migration from Wallstreet FX Sales and Trading Solutions into the Algo Risk Application environment.
Implementation work focused on migrating and integrating risk management applications into IBM ARA, also known as the Algo Risk Application, with ARA serving as the orchestration layer for risk calculation and scenario processing. The engagement included creation and maintenance of calculus procedures in ABE, the Algo Batch Editor, to standardize and automate batch calculation jobs and risk run schedules.
Operational responsibilities established during the rollout included system resources management and ongoing ARA maintenance, ensuring the risk application stack remained performant and supportable. The configuration work emphasized risk calculation orchestration, batch processing governance via ABE, and procedural maintenance to sustain model execution and testing within the EIB risk environment.
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Freddie Mac | Banking and Financial Services | 8004 | $21.2B | United States | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2018 | n/a |
In 2018 Freddie Mac implemented SS&C Algorithmics formerly IBM Algorithmics to strengthen enterprise Risk Management capabilities for counterparty credit and model governance. The deployment focused on embedding quantitative analytics into credit and trading risk workflows used by trading desks and risk teams.
SS&C Algorithmics was configured to support quantitative credit risk model frameworks and counterparty credit risk measurement, with functional support for parametric and stochastic modelling, Monte Carlo simulation, Value at Risk, and SIMM exposure calculations. The implementation was aligned with in-house model development practices that include probability of default, loss given default, current and potential future exposure, and stress loss analytics.
Operational integration included data and analytical toolchain integration with Bloomberg and BlackRock Aladdin as part of the broader analytics ecosystem, alongside in-house tooling built in Python for core engines and automation, Excel VBA for analyst-facing interfaces and visualization, SQL for data querying and persistence, and MATLAB for specialized modeling. The platform supported collaboration among risk managers, quantitative modelers, operations, finance, engineering, IT, governance reviewers, and project managers.
Governance and process changes centered on documenting model methodology, assumptions, inputs and outputs, and implementation details, establishing within and cross-team procedures for routine operation, and formalizing stakeholder engagement for model implementation and risk reporting upgrades. The program included identification of model and process limitations, assessment of business impact, and design of targeted risk mitigation actions and operational controls.
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Insurance | 87909 | $68.7B | Italy | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2015 | n/a |
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Banking and Financial Services | 38000 | $22.5B | Mexico | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2012 | n/a |
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Banking and Financial Services | 25954 | $63.6B | South Africa | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2016 | n/a |
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Insurance | 4000 | $16.0B | United States | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2009 | n/a |
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Banking and Financial Services | 200 | $50M | United States | SS&C Technologies | SS&C Algorithmics (formerly IBM Algorithmics) | Risk Management | 2022 | n/a |
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Buyer Intent: Companies Evaluating SS&C Algorithmics (formerly IBM Algorithmics)
- Universite Paris 1 Pantheon-Sorbonne, a France based Education organization with 1500 Employees
- AXA Switzerland, a Switzerland based Insurance company with 4500 Employees
- Bloomberg Global, a United Kingdom based Professional Services organization with 10 Employees
Discover Software Buyers actively Evaluating Enterprise Applications
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