Software survey 2002 |

Some online risk management products failed to live up to expectations last year, but software vendors forge ahead, developing products that support fast-growing markets such as credit derivatives and CDOs, and tools to help banks meet Basel II requirements.

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Basel II will shape much of the way risk management software develops in 2002. Software suppliers say the new capital Accord is the biggest concern among their customers, and many suppliers’ attention has shifted towards providing new functionality to manage credit risk, the primary focus of Basel II.

Meanwhile, following the burst of the dotcom bubble and the failure of some online trading platforms and risk management service providers such as Cygnifi, the industry has a more tempered view

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