The FINANCIAL — For the sixth consecutive year, Oracle Financial Services has ranked among the top three global providers of risk management technology in the annual Chartis RiskTech100® report. It was also recognized as a winner in five solution categories. The Chartis Research report ranks the top 100 global players in risk technology.
According to Oracle, Chartis names category winners based a vendor’s functionality, core technology, strategy, customer satisfaction, and market presence. Oracle claimed the top spots in the Data Integrity and Control, Financial Crime – AML, IFRS 17 – Data Management and Reporting, and Risk Data Aggregation and Reporting. It also took the Core Technology category, which evaluates a vendor’s overall technology stack vis-a-vis the latest industry best practices.
“As financial markets experience pressure and fluctuation, Oracle’s consistent top three ranking reflects its core data and analytical strength,” said Phil Mackenzie, senior research specialist at Chartis. “Meanwhile, its category wins highlight its expanded presence and expertise in the anti-financial crime and insurance accounting areas.”
In its 15th year, the Chartis RiskTech100 report is a comprehensive study of the world’s major solution providers in risk and compliance technology. The rankings reflect Chartis analyst opinions, along with research into market trends, participants, expenditure patterns and best practices. The analysis is validated through several phases of independent verification.
