RiskTech Forum

Chartis Research Reports On The Market For Operational Risk Management Systems In 2013

Posted: 7 March 2013  |  Source: Chartis

Chartis Research, the leading provider of research and analysis on the global market for risk technology, has issued a new report on the marketplace for operational risk management systems.

Operational risk management has grown in importance over the past decade, as financial institutions have come under pressure from regulators and shareholders to reduce operational risk failures.

Senior management at financial institutions now recognize the need for enhanced operational risk management and demand for operational risk management technology solutions has risen accordingly.

The report provides in depth coverage of the internal and external forces pushing firms to improve their operational risk management practices and how those forces are affecting financial institutions’ requirements for operational risk management systems. The report also covers the competitive landscape, including the technology requirements for operational risk management systems and which vendors can provide these capabilities.

The report uses Chartis’s RiskTech Quadrant® to explain the structure of the market. The RiskTech Quadrant® uses a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meet an organization’s needs. The RiskTech Quadrant® does not simply describe one technology solution as the best operational risk solution; it has a sophisticated ranking methodology to explain which solutions would be best for specific buyers.

The report covers the leading vendors offering operational risk solutions for financial institutions, including BPS Resolver, Chase Cooper, EMC-RSA, IBM, Mega, MetricStream, NASDAQ OMX-BWise, Oracle, Protiviti, SAP, SAS, SunGard, Thomson Reuters, Wolters Kluwer FS, Wynyard, and YarcData.

The report can be downloaded at http://www.chartis-research.com/research/reports/operational-risk-management-systems-for-financial-services-2013.