"Lombard Risk has historically been associated with being top ranked in our business areas," said John Wisbey, Chairman and CEO of Lombard Risk. "This ranking indicates we're very competitive compared with other financial crime detection solutions." STB-Detector is a very comprehensive solution that helps small and mid-sized financial institutions to identify potential crime exposure based upon their unique risk-based compliance policies and capture the vital information needed to support investigations. STB-Detector delivers specific red flag alerts to enable Compliance Officers to guard against money laundering risks, potential terrorist financing activity, and other fraudulent transactions to protect their financial institutions from financial loss and reputational harm.
"Our consecutive top ten ranking demonstrates that we are achieving what we set out to accomplish with STB-Detector. We are continuing to work closely with our global clients and partners to deliver STB-Detector as a complete solution to solve a broader range of global money laundering risks and other financial crime challenges," said John Wisbey, CEO of Lombard Risk. In fact, Wendy Healey, First Vice President - Product Management at COCC, one of the fastest growing financial data processing companies in the US, said "Our partnership with Lombard Risk demonstrates how COCC combines its expertise with innovative technology leaders to bring the best solutions to our customers."
IBS Publishing determined the ranking by analysing the AML market to determine the number of new name customer wins achieved in 2008. IBS Publishing produces a number of publications and events around the world focusing on the back office banking systems and operations market.