<p>Welcome to Chartis’s RiskTech100<sup>®</sup> report for 2017. Now in its eleventh year, the RiskTech100<sup>®</sup> is globally acknowledged as the most comprehensive independent study of the world’s major players in risk and compliance technology. This year we’re delighted to feature additional insight from our research partner EY. Chapter 4 on page 18 includes the key findings of EY’s 14th global fraud survey, which highlights how corporate misconduct remains a challenge for company boards, despite the efforts of governments and institutions around the world to deal with the problem.</p>

<p>Globally, expenditure on risk technology has been rising by about 10% in the past 12 months, but we believe this will slow to about 6% in 2017. This development highlights an interesting trend – a shift from ‘knee-jerk’ risk IT investment to ‘smart’ investment. We’ve been asked to advise on several system selection and technology transformation programs for organizations that have reached compliance, but which are aiming to optimize and simplify fragmented risk technology systems and processes. We are seeing this trend across the globe, in all vertical industries and tiers.</p>

<p>For me, the most significant demand-side driver in the market is the shift in risk management responsibilities and accountability to the front office. This is partly because of regulatory requirements – but it’s also better risk management. Business lines are having to take ownership for risk, and this has significant implications for technology, data and analytics. For organizations, the key enabler for success will be accessing the right information – trusted information – at the moment it’s needed.</p>

<p>To compete in the rapidly changing risk technology marketplace, vendors will need sustainable product, technology and business strategies. New and innovative vendors are finding creative solutions to complex risk management problems, applying artificial intelligence, advanced natural language processing, Big Data infrastructures and robotic process automation to a variety of compliance activities.</p>

<p>To reflect all these trends, we have made some minor changes to the RiskTech100<sup>®</sup> scoring criteria and methodology. This year we have replaced the category of ‘Organizational Strength’ with a new one called ‘Strategy’ (see page 31 for more information). We have also slightly increased the weighting for data management capabilities in our ‘Core Technology’ category, because poor data management is still the number one obstacle to organizations’ success.</p>

<p>At Chartis, our goal continues to be providing clarity and insight on all aspects of the risk technology and financial technology markets, and RiskTech100<sup>®</sup> remains a key pillar of our analysis.</p>

<p>I hope you enjoy this year’s report.</p>

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