Released in October, the report is recognized globally as the most comprehensive and prestigious study of the top technology firms active in the risk management market. Produced by Chartis Research in partnership with Risk Technology International (Risk Tech) Ltd., the study selected and ranked the top risk technology firms on the basis of a comprehensive review of the marketplace and a detailed assessment methodology covering functionality, core technology, organizational strength, customer satisfaction and market presence.
âFiserv enters the Chartis RiskTech100 rankings for the first time this year and their scores incorporate the combined strengths of CheckFree, NetEconomy and IPS-Sendero,â said Helen Townsley, director of research, Chartis Research. âAll three business units had already established themselves in previous RiskTech100 rankings as separate entities. However, Chartis believes that under a single umbrella and with the organizational strength and reach of Fiserv, the net integrated capabilities are even greater than before. These combined capabilities cover areas such as transaction monitoring, operational risk, financial crime, asset and liability management, risk-based compliance and reporting.â According to Townsley, âThis positions Fiserv as one of a few tier 1 organizations in the RiskTech 100 with a real potential for providing an enterprise risk management offering to the financial services industry.â
âReducing risk is a top priority for our clients and their customers, so we are very pleased with our ranking in the RiskTech 100 report,â said John Filby, president of the Fiserv Risk Management Division. âThis global distinction reflects our commitment to delivering premier enterprise risk, compliance and fraud management solutions to financial institutions worldwide.â
Other industry recognition for Fiservâs risk management offerings this year include CheckFree and NetEconomy being recognized as top solution providers by the readers of OpRisk & Compliance in the publicationâs second annual Compliance Software survey. The Fiserv units were ranked number one in four of the surveyâs eight categories:
â¢ CheckFree â Compliance monitoring and control software / Regulatory Reporting
â¢ NetEconomy â Anti-money laundering software
â¢ CheckFree â Anti-fraud software
In addition, NetEconomy took the second spot in the Anti-fraud software category, combining with CheckFree to compose 48 percent of the total vote. Fiserv also announced this year that IBS Publishing ranked its NetEconomy offering as the top-selling provider of global anti-money laundering (AML) solutions. IBS determined the ranking by analyzing the AML market for the number of new name wins achieved in 2007.