Risk reporting solution Abacus move up 27 places in the Chartis RiskTech100 with high scores for functionality and customer satisfaction
Management and technology consultancy BearingPoint, a leading provider of Risk and Regulatory Technology (RiskTech/RegTech), announced that it has been ranked 30th in the RiskTech100 report compiled by Chartis, an independent provider of research and analysis on global risk technology markets.
The RiskTech100® Rankings are globally acknowledged as the most comprehensive and objective study of the world's major players in risk and compliance technology. Based on nine months of detailed analysis by Chartis Research, the RiskTech100 Rankings assess the market effectiveness and performance of the key vendors in this rapdily evolving space.
BearingPoint’s best scores were in functionality and customer satisfaction. The former covers the depth and breadth of functionality, and the latter includes value for money, after-sales service & support and product updates. High scores were also given in the category “strategy,” acknowledging BearingPoint’s strength in the development of innovative products along the Regulatory Value Chain.
Peyman Mestchian, Managing Partner, Chartis Research, said, “This year the rankings cover 30 categories to reflect the variety and richness of the risk technology landscape, as well as the continued depth and flexibility of Chartis´ research. This year the category focus is on solutions, industry segments and success factors. BearingPoint’s dramatic rise of 27 places into the Top 30 was one of the best one-year improvements in the RiskTech 100 history and reflects its continued investment in technology, functionality and thought leadership Furthermore, recent strategic activities to expand its global footprint and overall vision for growth has impressed the Chartis team.”
Dr. Maciej Piechocki, Partner at BearingPoint, commented: “As Europe’s leading RiskTech and RegTech company, with over 5,000 firms using BearingPoint products, we are proud to have leap-frogged towards the top of the RiskTech100 ranking 2017. We are especially pleased to have achieved the second highest customer satisfaction score out of the top 30 RiskTech companies globally. This result clearly reflects our customer-centric philosophy and the trust our customers have in us with regard to regulatory and risk products. We are equally encouraged by scoring very highly in the functionality category, reflecting our ongoing technology investment into Abacus360, the next generation of our renowned platform, and the integration of a wide range of quantitative risk and finance libraries and engines.”