|By Marketwired .||
|November 1, 2012 02:57 PM EDT||
LONDON -- (Marketwire) -- 11/01/12 -- Chartis Research, the leading provider of research and analysis for risk management technology, announced today that it has released the RiskTech100 report for 2012. The RiskTech100 report can be downloaded for free from the new RiskTech Forum website at www.risktech-forum.com. The RiskTech Forum is the leading independent resource for the global risk technology community.
Chartis Research's seventh annual edition of the RiskTech100 report reveals that businesses face a major dilemma in their approach to risk management.
"Balancing the short term, day to day requirements of risk management with the need to implement a long term strategy for building a robust enterprise wide risk management architecture for the future is a huge challenge for many organizations," says Peyman Mestchian, Managing Partner of Chartis Research.
"Regulation continues to grow exponentially, leaving risk practitioners running to keep up," continued Mestchian. "It can be all too easy to lose sight of any longer term goals and strategies as the focus is on simply meeting the day to day demands of operating the business such as compliance with new regulation. This combined with straitened budgets in the aftermath of the global financial crisis adds to the pressure. Most of the practitioners we surveyed for the report expect risk technology expenditure to either increase or stay the same as last year. Only 10.8% believe that expenditure will fall."
The RiskTech100 report also reveals that the three main factors shaping a firms' enterprise risk management program are: regulatory compliance; upgrading risk management systems; and the necessity to reduce costs.
The top five RiskTech100 companies in 2012 are: IBM, SAS, SunGard, Oracle and Misys. The rankings remain dominated by U.S. headquartered firms with 50 companies located there. The UK has the second largest number with 18 firms, followed by France with eight firms appearing in the RiskTech100.
For more information please contact Sharon Davis at sharon(at)chartis-research(dot)com.
About the RiskTech100®
The RiskTech100® is recognized globally as the most comprehensive and prestigious study of the top technology companies active in the risk management market.
About the RiskTech Forum
RiskTech Forum is managed by Chartis Research and is dedicated to the role of technology as an enabler for risk management. RiskTech Forum aims to build the premier network of risk, compliance, and technology professionals and to act as a single hub for high quality research and news relating to risk technology.
RiskTech Forum content covers multiple industries including banking, capital markets, insurance, and corporates. It also covers multiple risk and technology subjects, including market risk, credit risk, operational risk, GRC, financial crime, risk analytics, and data management.
About Chartis Research
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Chartis is authorized and regulated by the Financial Services Authority (FSA) for providing investment advice.
For more information visit www.chartis-research.com.
All trade names, trademarks, and service marks are the rightful property of their respective owners.
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