Wolters Kluwer Financial Services Named Top 10 Firm on Chartis Research RiskTech100 Report
Posted: 9 November 2012 | Source: Wolters Kluwer
Provider Also Earns Top Spot in Regulatory Reporting Category About Wolters Kluwer Financial ServicesAbout Chartis Research.
Wolters Kluwer Financial Services has been named one of the top 10 risk management technology firms in Chartis Research’s 2012 RiskTech100® report. The company was also named the winner of the report’s Regulatory Reporting category. This is the third year in a row that Wolters Kluwer Financial Services has earned a spot in the top 10, maintaining its sixth place position from last year, and the second year in a row it has won the Regulatory Reporting category.
In the report, Chartis notes that Wolters Kluwer Financial Services’ July 2012 acquisition of FinArch continues the firm’s expansion into risk and compliance technology, following its acquisition of FRSGlobal and the creation of its ARC Logics enterprise risk management suite in 2010.
According to the report, “By adding FinArch’s Financial Studio to its product portfolio, Wolters Kluwer [Financial Services] will strengthen its coverage of IFRS compliance, financial management technology, and integrated risk, finance, and performance management.”
“Our inclusion and placement in this prestigious and comprehensive report is especially meaningful considering Chartis’ deep expertise and the more than 1,000 risk management professionals the firm consulted with in its creation,” said Raffi Festekjian, CEO of Wolters Kluwer Financial Services’ Finance, Risk & Compliance business unit. “We were also very pleased to learn that among the top 10 providers ranked in the report, Wolters Kluwer Financial Services earned the highest customer satisfaction rating.”
The RiskTech100, in its seventh year of publication, utilizes assessment criteria in six equally weighted categories: functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. In 2012, Chartis collected more than 800 questionnaires from risk technology buyers and end-users, as well as more than 300 from risk technology vendors. Additionally, the analysts conducted more than 100 interviews with select vendors to help determine and order the final list.
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