Risk Management Tech Spending On the Rise
Spending on risk management solutions continues to be on the rise entering the new millennium. As Y2k spending and worries decline, financial institutions are looking to increase their risk coverage and are moving toward new functionalities in vendor supplied solutions.
Bear, Stearns Chooses SciFinance for Risk Con
Bear, Stearns Securities Corporation, the clearing arm of Bear, Stearns & Co., has installed SciFinance 1.1 derivatives pricing software by SciComp Inc. for quantitative analysis. The multi-year contract was announced in September for the licensing of SciFinance in Bear, Stearns Securities' risk control department.