BANCA DI ROMA TO IMPLEMENT ALGORITHMICS' ALGO SUITE

Algorithmics Inc, a leader in enterprise risk management solutions, announced that Banca di Roma has purchased Algo Suite for a market and counterparty credit risk implementation that will support regulatory reporting and best practice risk management.

The first phase of the project focuses on market risk management and will be completed by the end of the year. To cover market risk across all financial instruments and business areas, Algo Suite will be interfaced to a variety of front office systems that support specific instrument categories, including Panorama and Kondor+. The second phase of the project will extend the scope of the Algo Suite implementation to counterparty credit risk.

Banca di Roma has chosen KPMG to work with the bank in the implementation of Algo Suite. According to Fabiano Gobbo of KPMG, "Algo Suite was chosen because of its comprehensive instrument coverage and detailed modeling of local financial products. The bank was impressed by the quality and depth of the market and credit risk analytics in Algo Suite, and the product's flexibility to meet changing needs. Algo Suite's open architecture will allow Banca di Roma to add its own proprietary models and analytics."

"Algorithmics is a trusted name in Italy and combines a deep understanding of local requirements with clear leadership in enterprise risk management," says Dario Cardilli, Head of Risk Management of Banca di Roma. "Because of Algorithmics' Mark-to-Future framework, many different financial instruments and risk categories can be covered across all business areas of the bank. This framework also gives us flexibility to extend the scope of the solution consistently from market to credit risk."

Says Ron S. Dembo, president and CEO of Algorithmics, "Banca di Roma has chosen Algo Suite after a detailed evaluation of all of the major risk management system vendors. The bank's decision to use Algo Suite for their market and credit risk needs affirms both our leadership position in enterprise risk management solutions, and the trust we've built in the European marketplace."

Mark-to-Future (MtF) is the powerful risk/reward methodology underlying Algo Suite. Its open and extensible framework enables the incorporation of new scenario generation techniques, new pricing models and new post-processing applications. Thus the framework can be extended to new lines of business and to evolving risk management practice. Because it explicitly incorporates the passage of time, the evolution of scenarios over time and the dynamics of portfolio holdings over time, it provides a platform for assessing future uncertainty. MtF captures the impact of settlements, maturity dates, interest rates, trading and other factors that influence market risk for all instruments and other financial products.

About Banca di Roma

Banca di Roma is now Italy's fourth largest banking group measured by total assets, following the acquisition in December 1999 of Mediocredito Centrale and its subsidiary, Banco di Sicilia.

Banca di Roma, through its strong retail banking franchise offers, particularly in central and southern Italy, a full range of consumer and business banking services, as well as insurance, mutual funds, pension funds, trading on line and e-commerce. In addition to its network of branches and ATMs across Italy, it also offers services in twenty countries all over the world. For more information, visit the bank's Web site at www.bancaroma.it.

About Algorithmics

Algorithmics was founded in 1989 in response to the complex issues surrounding financial risk management for the enterprise. Today, as a leading provider with the largest and most experienced team in the industry, Algorithmics continues to focus its efforts on creating and implementing enterprise risk management software that meets the evolving needs of its customers. Continuing its tradition of leading the way in risk measurement and management tools and processes, Algorithmics recently introduced Mark-ToFuture (MtF), an open and comprehensive framework for measuring risk and reward. Headquartered in Toronto, with 14 offices around the world, Algorithmics serves more than 90 global financial institutions with 140 installations worldwide.

Contact Dave Paolini, Public Relations Manager, Algorithmics Incorporated, 416-217-4210, dpaolini@algorithmics.com, Web Sites: www.algorithmics.com, www.mark-to-future.com.