Chartis acknowledged BearingPoint’s full-scope and market-leading RegTech product suite
Management and technology consultancy BearingPoint, which ranks among the leading providers of Risk and Regulatory Technology (RiskTech/RegTech), has been recognized in four recent Chartis reports.
BearingPoint was distinguished as a “best-of-breed” solution provider in the most recent issue of “Data Integrity and Control Solutions in Financial Services 2016” Quadrant®. Moreover, Chartis ranked BearingPoint as an enterprise solution provider with a complete and comprehensive range of offerings in the “Risk Data Aggregation & Reporting Solutions 2016” and the “Credit Risk Management Systems for the Banking Book” Quadrants®. As a point solution provider that is well on the way to becoming enterprise solution provider, BearingPoint has also now been included in the “Enterprise Stress Testing Systems 2015“ Quadrant®.
Penman Mestchian, Managing Partner at Chartis Research says, “BearingPoint’s entry into the “Data Integrity and Control Solutions in Financial Services 2016“ and the three additional Quadrants® reflects the strength of their portfolio of RegTech products, their continued investment in product innovation and their strong position in a number of key geographical markets.”
“The latest trends in the banking industry include the gradual replacement of form-based reporting with data cubes and the ever-increasing influence of regulation upon banks’ product portfolios. Consequently, the regulatory KPIs have to be seriously considered in relation to long-term planning and management”, says Dr. Maciej Piechocki, Partner at BearingPoint. “Being endowed with such meaningful ranked designations on multiple Chartis Quadrants® is a validation of BearingPoint’s commitment to innovating a full-scope suite of regulatory reporting software and services across the landscape of the entire Regulatory Value Chain for financial services. As a foundation for the future, this forms the basis for us to focus on strengthening our market leadership.”