Strengthening risk and compliance in the banking industry is a top priority for financial institutions. Every year, banks and financial services organizations spend a significant part of their revenue in mitigating risk and complying with the growing set of regulatory and operational compliance requirements.
Currently, regulators are driving banks to play a more effectual role in risk management. As an effect, organizations are spending millions on upgrading to an integrated platform to manage risk and compliance. Meanwhile, as the adoption and impact of big data and cloud escalates in the technology arena, financial institutions are also shifting from legacy solutions to state-of-the-art technology. To help banks promptly identify potential risks and initiate adequate steps to mitigate them and prevent loss, various solution providers are offering novel risk and compliance management solutions. While the software providers offer numerous risk and compliance solutions, the differences in their features and use cases make it difficult for banks to choose the most suitable solution.
In order to simplify and assist CIOs, CCOs and CFOs identify the right risk and compliance solution for their financial institution, a distinguished panel of CEOs, CIOs, CCOs, VCs, analysts and the Banking CIO Outlook editorial board have selected the top Risk and Compliance Solution Providers. In our selection process, we looked at the vendor’s capability to fulfill the need for cost-effective and flexible solutions that add value to the banking landscape. We present you Banking CIO Outlook’s 10 Most Promising Risk and Compliance Solution Providers 2015.
