High scores for organizational strength and core technology ensure entry into prestigious ranking
Frankfurt, February 11, 2016 — BearingPoint, management and technology consultancy and standard software provider for regulatory solutions, announced today that it has been ranked in the 2016 RiskTech100® report compiled by Chartis, a leading provider of research and analysis on global risk technology markets.
The RiskTech100 report evaluates the world’s most significant companies in the risk technology sector and is acknowledged globally as the most comprehensive and prestigious study of risk technology vendors. Bearing Point applied for the first time. The best scores were given for core technology and organizational strength. Core technology covers data management, risk analytics and reporting; organizational strength focuses on sales execution, financial strength, implementation & support and thought-leadership. High scores were also given in the category “innovation,” acknowledging BearingPoint’s strength in the development of innovative products along the Regulatory Value Chain.
This year we have had a record number of vendor applications for the RiskTech100. This has had an impact on the number of new entries. Also there have been a number of significant shifts in ranking position due to mergers and acquisitions. BearingPoint’s entry into the RiskTech100 reflects the strength of their portfolio of RegTech products, their continued investment in product innovation and their strong position in a number of key geographical markets.
Peyman Mestchian, Managing Partner, Chartis
We value the insightful analysis and integrity of the RiskTech100 research process. Being cited among the market leading risk solution providers is a high honor as we consider excellence in risk management to be vital to the industry. Being ranked in the Top 100 of this report reflects the satisfaction of our customers with the breadth and depth of our offerings and the hard work of our deeply talented team.
Dr. Robert Wagner, Partner and Global Leader Financial Services at BearingPoint
Abacus360 is an integrated platform for 360° reporting and regulatory analytics, risk calculation and the management of regulatory key performance indicators (KPIs). Abacus360 stands for a holistic 360° approach in two fundamental ways. Firstly, the new platform goes far beyond official report preparation by integrating the above-mentioned comprehensive functionalities. Secondly, the new platform covers the requirements for all stakeholders involved within the Regulatory Value Chain. Abacus360 can be used by firms as well as by supervisory authorities, and facilitates all of the various value chain processes.
BearingPoint’s Abacus solution spans across multiple asset classes and encompasses credit and liquidity risk management for the financial services industries. It offers banks, insurers, financial services providers, central banks, and supervisory authorities proven standard software for regulatory reporting along the Regulatory Value Chain. Customers representing 1,800 entities in more than 20 European countries trust the products of BearingPoint’s Abacus Solution Suite. Among the customers are renowned financial institutions, a major part of the 120 most important European banks under supervision of the SSM, leading insurance companies and supervisory authorities. BearingPoint provides strong experience and a unique product and service offering in the area of regulation, ranging from consulting to managed end-to-end services, from proprietary specialist reporting software to ongoing training.
About the RiskTech100®
The RiskTech100® is acknowledged globally as the most comprehensive and prestigious study of the world’s most significant risk and compliance technology companies. It utilizes assessment criteria in six equally weighted categories: functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. For this year’s report, Chartis gathered more than 1,200 questionnaires from risk technology buyers and end-users, as well as more than 300 from risk technology vendors.
RiskTech100® is a Registered Trade Mark of Chartis Research Limited.
Chartis is the leading provider of research and analysis on the global market for risk technology and is part of Incisive Media which has market leading brands such as Risk and Waters Technology. Chartis’ goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success.
For more information, please visit: www.bearingpoint.com