RiskTech100® 2023

RiskTech100® is globally acknowledged as the most comprehensive independent study of the world’s major players in risk and compliance technology. Using a robust, repeatable methodology, it ranks the top 100 risk technology providers and identifies the top players in specific risk and compliance categories. Vendors from all areas of risk technology make detailed submissions to our team of industry experts, which analyze these and other data sources to develop the final rankings. The rankings are published in a report, which also contains an analysis of the risk technology space and a thought-leadership paper that explores new angles and emerging topics. The report is accompanied by an awards video. These awards recognize the category winners and highlight several Rising Stars that are making an impact in the market.

Welcome to RiskTech100® 2023. This year, risk management techniques have moved beyond the regulatory to the existential. Rising interest rates and record inflation have accompanied global energy and commodity shocks, and deglobalization events, from trade wars to physical conflicts, have led to a more multipolar world. This has created volatility, and the shift away from market norms is overturning established notions of stability. Hidden leverage has surfaced by recent market events and demonstrates how opaque chains of events can come to light, with unexpected consequences, even for relatively ‘safe’ assets. In these choppy waters, risk management is not simply a question of managing regulatory compliance – it can be the difference between survival and extinction. The risks and their exposures presented by this new world are not evenly distributed, however, and Chartis expects that this will also help to generate a world of winners and losers. In this year’s RiskTech100® research we will be discussing in more detail some of the key themes (increased volatility, changing economic cycles, the evolving ecosystem of credit intermediaries, a broader range of technology options, etc) that will inform our coverage in the following year. Our research coverage will continue to expand as we move forward, building out our team of analysts and intensifying our research across a wider range of risks. We will continue to examine how environmental, social and governance (ESG) and crypto are being affected in the current market, and analyze how energy and commodity trading is changing in the face of global disruption. We will also continue to reinforce and build out our coverage of such core markets as financial crime risk management and financial risk. We started out as a business not too long after the global financial crisis, and periods of uncertainty have always offered opportunities for risk technology. As such, we have seen several movers and shakers in this year’s ranking – including a new number 1. There have also been several new entrants to the rankings, as well as a wide array of rising stars and prizewinners, reflecting both our expanding view and the potential for disruption within this fast-moving space. These are interesting times for RiskTech and technology more generally, and – together with our vendor and client community – we are excited to see what changes are coming in 2023.

Phil Mackenzie, Research Principal Chartis Research

Please find below the link to download this year’s report here and visit the Chartis Research website to learn more about upcoming and our find our recent quadrants reports that have been published. If you are a technology provider and would like to be considered for the next RiskTech100 rankings, please contact us at rt100queries@chartis-research.com.