Chartis Issues 2014 RiskTech100® Rankings
4 December 2013
Chartis, the leading provider of research and analysis for the risk technology marketplace, announced today that it has released the RiskTech100® rankings for 2014.
The RiskTech100® rankings are published in a comprehensive report that also covers key market trends and the evolution of risk technology.
“While financial institutions continue to tighten their budgets, risk IT expenditure continues to increase, taking a larger share of available funding,” said Peyman Mestchian, Managing Partner at Chartis. “Chartis forecasts global risk IT expenditure in the financial services sector to exceed $30bn by 2015.”
“The growth in risk IT expenditure is largely driven by regulation and compliance within the financial services sector, but other industries such as energy, commodities, telecommunications and government are also experiencing increased demand.”
“Firms are looking to balance short-term, compliance-driven tactical investments in risk technology with long-term strategic investments in enterprise technology architectures,” said Mestchian.
The rankings remain dominated by US-headquartered firms with 47 companies located there. The UK has the second largest number with 20 firms, followed by France with 7 firms.
The RiskTech100® report can be downloaded for free from the RiskTech Forum website at www.risktech-forum.com. The RiskTech Forum is the leading independent resource for the global risk technology community.