The Chartis Research RiskTech 100 is an annual study, which is formulated using a comprehensive sweep of the global market for risk management systems. Not only has Wallstreet increased its ranking by three places in this, it has also been placed fourth in the Organisational Strength category, which is based on sales execution, financial strength, implementation and support, and thought leadership.
Additionally, the report ranked Wallstreet in the top ten categories for Functionality, Market Presence and Core Technology. In a further endorsement, Wallstreet is the only company to be referenced as a back-office systems provider, and is named as a strong partner for NumeriX.
Published by American Banker and research firm Financial Insights, the FinTech 100 is an annual international listing of the top vertical technology vendors that derive more than a third of their revenue from the financial services industry. Wallstreet has climbed nine places in this list since last year and is now in 74th position.
The ranking reflects the company's continuing progress and strong solutions for financial institutions, corporations and government institutions. This year alone, the company has signed 16 new clients, secured substantial growth from existing business, and completed 27 implementations.
"These rankings acknowledge another prosperous year so far for Wall Street Systems," said Joel Mandelbaum, President and CEO of Wall Street Systems.
"Our continued growth can be attributed to a strong commitment to our clients. We strive to deliver solutions that enable them to solve complex business challenges and achieve more in aggressive markets. As we move into 2008, we believe that the foundations we have laid this year will provide a strong platform for further expansion and success."