FRSGlobal storms into Top 10 in Chartis RiskTech Rankings
12 November 2008
FRSGlobal, the only global provider of risk and regulatory compliance solutions with coverage for over 30 countries, today announced it has been placed in tenth position in the annual Chartis RiskTech 100 ranking of the top 100 risk technology vendors worldwide. FRSGlobal is this year's biggest mover – climbing an impressive 44 places, up from 54th place in 2007.
The Chartis RiskTech 100 rankings are recognised globally as the most comprehensive and prestigious study of the top technology firms active in risk management market. This year saw the addition of an 'innovation' category, to recognise those companies that have driven the development of risk management technology over the past 12 months. FRSGlobal was identified as a leader in this field following the acquisition of IRIS integrated risk management AG (IRIS) – a provider of risk management solutions – in August 2008, enabling FRSGlobal to provide financial services companies with the first and only combined risk and regulatory reporting solution on a single unified platform.
Despite the tough market environment, FRSGlobal has witnessed growing demand for its offering as financial institutions have been forced to review and improve their risk management systems and procedures, and also get to grips with increasingly complex regulatory reporting requirements.