Wolters Kluwer Financial Services has earned another Top 10 rating in the annual Chartis RiskTech100® report, a comprehensive study of the world’s most significant risk and compliance technology companies. The company garnered the No. 6 spot overall of 100 ranked firms, marking the sixth consecutive year it has been rated among the top 10 firms. It also won top ranking in the Regulatory Reporting category, five years running that it has achieved that honor.
The company won the top spot in the International Financial Reporting Standards (IFRS) 9 category for 2016. The IFRS 9 is a newly added category to the RiskTech100 rankings this year, reflecting an increased public and regulatory push for improved accounting standards transparency and accountability.
“Wolters Kluwer Financial Services’ continued high rankings in the RiskTech100 further reinforces our leadership role in helping financial organizations around the world manage compliance risk with innovative approaches and technologies, such as our OneSumX® GFRC technology and services suite,” said Raffi Festekjian, president and chief executive officer, Finance, Risk & Compliance Solutions, Wolters Kluwer Financial Services. “In addition, we are pleased to be recognized as the world’s leading firm in both regulatory reporting as well as the IFRS 9 categories, areas that reflect the increasingly complex compliance challenges we are helping our customers address around the globe.”
“As RiskTech100 indicates, Wolters Kluwer Financial Services continues to be a strong presence in the governance, finance, risk and compliance space,” said Peyman Mestchian, managing partner at Chartis. “The flexibility of its OneSumX solutions suite and the ecosystem of complementary offerings around that solution has really resonated with its customers. As Wolters Kluwer Financial Services continues to drive the growth and adoption of its overall GFRC capabilities, it is helping its customers better position themselves for increased organizational profitability, efficiency and success.”
The RiskTech100, in its tenth year of publication, is acknowledged globally as a comprehensive and prestigious study of risk technology vendors. The report utilizes assessment criteria in six equally weighted categories: functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. For this year’s report, Chartis collected more than 1,200 questionnaires from risk technology buyers and end-users, as well as more than 300 from risk technology vendors. Additionally, the firm’s analysts conducted more than 100 briefings and demo sessions with select vendors to help determine and order the final list.
The report is available for free download at www.risktech-forum.com.
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, its prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion, employs 19,000 employees worldwide, in over 170 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Chartis is the leading provider of research and analysis on the global market for risk technology and is part of Incisive Media which has market leading brands such as Risk and Waters Technology. Chartis’ goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskTech Quadrant® and RiskTech100® are registered trademarks of Chartis Research (www.chartis-research.com).