Top 100 risk technology vendors are ranked by Chartis Research
London. – 18 November, 2007 – Chartis Research, the leading analyst for the risk technology marketplace, has released its annual global rankings of the top 100 risk technology vendors. This ground breaking study selected and ranked the top risk technology firms on the basis of a comprehensive sweep of the marketplace and a detailed assessment methodology. The research was conducted in partnership with Risk Technology International Ltd. (RiskTech).
Chartis comments: “SunGard and SAS continue to occupy the top two places. Both firms are increasing their investment in product development and expanding their customer-base. There has been some movement in the top 10 with Moody’s KMV making the most noticeable improvement from 10th to 6th. Outside of the top 10 the most noticeable improvements in ranking have been Numerix (from 46 to 16), BWise (from 83 to 57), OpenPages (from 45 to 25) and Xenomorph (from 97 to 77). Other firms with good improvement in rankings include Fermat, SuperDerivatives, Tillinghast and SAP.There are four new entrants into the RiskTech 100: Optial (UK), Chase Cooper (UK), MEGA (France) and BPS (US).”
Geographically, the RiskTech 100 is made up of firms from 14 different countries. The list is dominated by the US, with 48 firms, followed by the UK with 19. France, Australia, Canada and Ireland are also well represented.
The report, RiskTech 100, estimates the global market for risk technology to be worth $5.9bn (external expenditure only) in 2008 and forecasts a compound annual growth rate of 7%. This expenditure includes the full spectrum of enterprise risk management requirements including risk-based compliance.
Peyman Mestchian, CEO of Risk Technology International (RiskTech) comments: “the growth in expenditure on risk technology is fuelled by increasing interest in corporate governance, risk-based regulation, risk-based trading, growth in the derivatives market and financial crime. Increasingly we are seeing financial institutions moving away from tactical point solutions and looking for integrated enterprise architectures – generally speaking vendors with a holistic approach to ERM have scored better in the rankings.”
