Welcome to the Chartis Research RiskTech100® Winners Review', produced in collaboration with Risk.net.
Now in their 12th year, the Chartis Research RiskTech100® Rankings are widely regarded as the most comprehensive independent study of the world’s major players in risk and compliance technology. This year, Chartis Research’s second annual awards event was held in the Astor Ballroom at the Marriott Marquis Hotel in New York City.
The event was a tremendous success: the house band swung, the house wine flowed, and it was my pleasure to present the 25 awards to their deserving winners.
Our categories were split into three main areas — Solutions, Industries and the Chartis categories that drive our RiskTech100® methodology. And, for the first time, we acknowledged the thriving ecosystem of innovative, niche vendors operating along the risk technology value chain, just outside our Top 100 ranking. We recognized the enormous potential of these companies in our new Rising Stars awards category for 2018, bringing well-established names and disruptive risktech pioneers together under one roof to celebrate their success.
When we published the first RiskTech100®report in 2006, risk management technology wasn’t the business priority it is today, and we highlighted a critical gap in the way risk — and risk technology in particular — were analyzed.
Fast-forward three years to a world in the grip of financial crisis and, as we worked on our fourth report, it became clear that more sophisticated risk solutions were needed to address the complexity of the financial instruments at the heart of the subprime crisis — solutions that had, until that time, been otherwise neglected. The mood was changing, however. According to our 2009 report, 57% of risk and technology professionals felt their organizations lacked adequate risk management solutions, while two-thirds told us they planned to spend more in the years ahead to address gaps in their systems.
Successive RiskTech100® reports have identified numerous risk- and technology-related trends, casting light on the systems, processes and best practices that have emerged in the wake of the crisis. And, as the risk management ecosystem grows in size and complexity, demand for independent analysis of the solutions it consumes intensifies.
Meeting that demand is a role Chartis Research takes seriously, and each year we take time to recognize the achievements andcontributions of the vendors — large and small, broad and niche — that together help shape our industry.
Many people help make RiskTech100® a success, and I’d like to thank Steve Eisman, our guest speaker, and Peter Davis, Managing Partner at EY’s Americas Financial Services Advisory division, who represented our research partner EY at the event. I would also like to thank the Chartis team and, in particular, our outgoing founder and Managing Partner, Peyman Mestchian, for his hard work and dedication in producing the analytical framework that drives our RiskTech100® Rankings.
My warmest congratulations to our winners, and I hope you enjoy this supplement.
Head of Research, Chartis Research