FRSGlobal, the only global provider of risk reporting and regulatory reporting compliance solutions on a unified platform with coverage for over 40 countries, today announced that it has placed eleventh in the annual Chartis RiskTech100TM ranking of the top 100 risk technology vendors worldwide. Chartis also cited FRSGlobal as the overall winner in the regulatory reporting category.
The Chartis RiskTech100TM is recognised globally as the most comprehensive and prestigious study of the top technology firms active in the risk management market. This yearâs study incorporates a new scoring sub-category of âmomentumâ. This sub-category focuses specifically on the success of risk technology firms within the last 12 months, including new product releases, significant contract wins and financial performance.
FRSGlobal has seen an increased demand for its risk management and regulatory reporting solution to address the rigorous and changing demands of regulators not just to report what has already happened, but what is likely to happen going forward. An example of this type of reporting is the UKâs FSA liquidity rules relating to stress testing that require the powerful analysis capabilities that are found within FRSGlobalâs RiskPro solution and the reporting facilities within its RegPro solution.
Steve Husk, CEO of FRSGlobal, commented: âTo once again be recognised by Chartis as one of the leading risk technology companies reflects our approach of providing a single solution that financial firms can use to cost effectively manage risk and sustain regulatory compliance. Our mission at FRSGlobal is to make sure our clients are going to be able to respond to the increased demands of the regulators for greater transparency in the risk and regulatory information they need to file. There was a huge influx of new regulations last year and there is no let up in sight. Many of these new regulations are going require the inclusion of new risk data that can be provided by our solution. We have the right people and products to make sure that our customers will be prepared in advance for this new wave of regulations.â