Oracle Financial Services Analytical Applications (OFSAA) has been named a leader on this year’s Chartis: RiskTech100
list. Adding to this success, Oracle brought home four category awards including: Risk Data Aggregation & Reporting (3rd
year in a row), Balance Sheet Risk Management, Banking (Industry Category) and Core Technology (Chartis Category). This marks the second consecutive year that Oracle Financial Services has ranked at the top of the Chartis RiskTech100.
“For the second year in a row we are delighted to see our OFSAA suite recognized as an industry leader on the RiskTech100 list,” said Vice President of the Oracle Financial Services Global Business Unit, Ambreesh Khanna. “Our integrated architecture with a broad array of Risk, Finance, Compliance and Front Office applications continue to help banks manage their Risk, deploy Capital more efficiently, reduce operating costs and improve overall profitability. Our unified data architecture which allows banks to source data once and use multiple times is unique in the market. Our relentless focus on using modern technology within our platform allows us to scale our applications to meet the demands of the largest banks while significantly lowering operating costs.”
The Chartis RiskTech100 ranking is acknowledged globally as a comprehensive independent study of major players in risk and compliance technology. Companies featured in the RiskTech100 are drawn from a range of RiskTech specialisms and meet the needs of both financial and non-financial organizations. Rankings are determined by a focus on solutions, industry segments and success factors. Only companies that sell their own risk management software products and solutions are included within the report.
“Based on our extensive methodology, Oracle has once again garnered strong placement on the RiskTech100,” said Rob Stubbs, Head of Research at Chartis Research. “As the risk and financial crime landscape has evolved, Oracle Financial Services continues to keep pace with the industry to deliver strong solutions and continued growth.”
RiskTech100 evaluates the fast-moving RiskTech market with a considered methodology that has seen a greater focus on financial crime in 2018. The report rankings reflect Chartis analyst expert opinions along with research into market trends, participants, expenditure patterns and best practices. Chartis began accumulating data for this study in January 2017 and validated the analysis through several phases of independent verification. Individual ranking assessment criteria comprises six equally weighted categories: functionality, core technology, strategy, customer satisfaction, market presence and innovation. Oracle scored high marks across the board, re-affirming their position at the forefront of RiskTech.
Download an executive summary of the 2018 Chartis RiskTech100 ranking here