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10 Most Promising Risk & Compliance Solution Providers 2015

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.

Company Logo Company Name Company Description
360factors A cloud based enterprise risk and compliance management automation technology and services company.
AxiomSL AxiomSL specializes in regulatory reporting and analytics, capital adequacy, risk management, liquidity, compliance, and data management/ data governance solutions for financial institutions globally.
eClerx Develops flexible reporting frameworks and methods to aggregate and analyze data in the financial institution to report worldwide
FIS Provides a unique set of products, solutions, and services for the risk and compliance landscape
Fiserv Fiserv helps banks and financial organizations to provide better banking transaction methods to customers through their solutions.
Global RADAR Global RADAR is a premier global compliance and risk management solutions provider.
Matrix Exzac A global strategic and operational consulting services firm that specializes in assisting financial services institutions in the areas of compliance,fraud, and risk.
Nasdaq BWise Provides companies highly-rated, proven software solutions for risk management, internal control, internal audit, compliance and policy management
Signavio A web-based business process management and business decision management company for risk management and compliance.
SQL Power Group Global software firm specializing in data collection, integration, and analytics