Frankfurt, November 24, 2016 — Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), announced that it has been ranked 30th in the RiskTech100 report compiled by Chartis, an independent provider of research and analysis on global risk technology markets.
The RiskTech100® Rankings are globally acknowledged as the most comprehensive and objective study of the world's major players in risk and compliance technology. Based on nine months of detailed analysis by Chartis Research, the RiskTech100 Rankings assess the market effectiveness and performance of the key vendors in this rapidly evolving space.
BearingPoint’s best scores were in functionality and customer satisfaction. The former covers the depth and breadth of functionality, and the latter includes value for money, after-sales service & support and product updates. High scores were also given in the category “strategy,” acknowledging BearingPoint’s strength in the development of innovative products along the Regulatory Value Chain.
This year the rankings cover 30 categories to reflect the variety and richness of the risk technology landscape, as well as the continued depth and flexibility of Chartis´ research. This year the category focus is on solutions, industry segments and success factors. BearingPoint’s dramatic rise of 27 places into the Top 30 was one of the best one-year improvements in the RiskTech 100 history and reflects its continued investment in technology, functionality and thought leadership Furthermore, recent strategic activities to expand its global footprint and overall vision for growth has impressed the Chartis team.
Peyman Mestchian, Managing Partner, Chartis Research
As Europe’s leading RiskTech and RegTech company, with over 5,000 firms using BearingPoint products, we are proud to have leap-frogged towards the top of the RiskTech100 ranking 2017. We are especially pleased to have achieved the second highest customer satisfaction score out of the top 30 RiskTech companies globally. This result clearly reflects our customer-centric philosophy and the trust our customers have in us with regard to regulatory and risk products. We are equally encouraged by scoring very highly in the functionality category, reflecting our ongoing technology investment into Abacus360, the next generation of our renowned platform, and the integration of a wide range of quantitative risk and finance libraries and engines.
Dr. Maciej Piechocki, Partner at BearingPoint
About BearingPoint’s RegTech product line
With its RegTech product line, BearingPoint is a leading international provider of innovative regulatory and risk technology solutions (RegTech and RiskTech) and services along the Regulatory Value Chain for Financial Services.
Customers representing 5,000 firms worldwide, among them large international banks, a major part of the largest European banks, leading insurance companies as well as supervisory authorities and central banks, trust BearingPoint’s RegTech products and services.
We work closely with regulators and as a member of standardization bodies such as XBRL consortium, we actively contribute to the process of standard setting. We combine our regulatory expertise with our proven, reliable and future-oriented Abacus Solution Suite and expert consulting capabilities as well as training seminars and managed services.
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®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Chartis Research.
The Chartis 2016 RiskTech100 can be downloaded free here.