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Ci3 Wins Big at RISK Technology Rankings 2005

- Adjudged #1 in Operational Risk Assessment, Key Risk Indicators and Internal Loss Data Categories in Survey by leading industry publication

Dublin Ireland, December 7th 2005 – Financial services software firm Ci3 has emerged as a big winner in the prestigious RISK Technology Rankings 2005, a survey of 448 user institutions undertaken by leading international risk industry publication RISK Magazine. The ranking places Ci3 ahead of industry giants such as Reuters, SunGard, Bloomberg, SAS and JP Morgan.

Ci3, whose flagship operational risk product SWORD has over 2,000 users worldwide, was ranked in first position for Operational Risk Assessment, Operational Risk Key Risk Indicators, and Operational Risk Internal Loss Data attracting 25%, 18.5% and 14.3% of the vote in the respective categories. The result positions Ci3 at number 5 overall in the ranking of technology vendors.

"We are delighted with the result, which is a clear vote of confidence in SWORD by the industry", says Seamus O’Farrell, managing director at Ci3. "The RISK Technology Ranking is the distilled judgement of our end-user industry, and it places SWORD clearly in the Top 5, and straight into consideration as a short listed technology throughout the global financial services industry. With the advent of MiFID and Sarbanes-Oxley, issues concerning operational risk measurement and management, compliance and corporate governance are at the top of every international financial institution’s agenda, and it is SWORD’s capability as a solution for these issues which was rated so highly by technology professionals in the global banking and financial sectors," he says.