Oracle Tops Chartis RiskTech 2021 Report in Core Tech, IFRS17 and Financial Crime-AML
Oracle Financial Services also noted as a chief provider of risk management solutions
Austin, Texas—Dec 22, 2020For the sixth consecutive year, Oracle Financial Services has ranked among the top three global providers of risk management technology in the annual Chartis RiskTech100® report. It was also recognized as a winner in five solution categories. The Chartis Research report ranks the top 100 global players in risk technology.
Chartis names category winners based a vendor’s functionality, core technology, strategy, customer satisfaction, and market presence. Oracle claimed the top spots in the Data Integrity and Control, Financial Crime – AML, IFRS 17 - Data Management and Reporting, and Risk Data Aggregation and Reporting. It also took the Core Technology category, which evaluates a vendor’s overall technology stack vis-a-vis the latest industry best practices.
“As financial markets experience pressure and fluctuation, Oracle’s consistent top three ranking reflects its core data and analytical strength,” said Phil Mackenzie, senior research specialist at Chartis. “Meanwhile, its category wins highlight its expanded presence and expertise in the anti-financial crime and insurance accounting areas.”
In its 15th year, the Chartis RiskTech100 report is a comprehensive study of the world's major solution providers in risk and compliance technology. The rankings reflect Chartis analyst opinions, along with research into market trends, participants, expenditure patterns and best practices. The analysis is validated through several phases of independent verification.
More information and a copy of the full report can be found on Chartis’ website here. Oracle was also recently named a Category Leader in its 2020 RiskTech Quadrant® for AML solutions and its 2020 RiskTech Quadrant® for KYC solutions.
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About Chartis
Chartis is a research and advisory firm that provides technology and business advice to the global financial services industry. Chartis provides independent market intelligence on market dynamics, regulatory trends, technology trends, best practices, competitive landscapes, market sizes, expenditure priorities, and mergers and acquisitions. Chartis’ FinTech Quadrant reports are written by experienced analysts with hands-on experience of selecting, developing and implementing financial technology solutions for a variety of international companies in a range of industries including banking, insurance and capital markets.
About Oracle Financial Services
Oracle Financial Services provides clients in more than 140 countries with an integrated, best-in-class, end-to-end solution of intelligent software and powerful hardware designed to meet every financial service need. Our market leading platforms provide the foundation for banks’ and insurers’ digital and core transformations and we deliver a modern suite of Analytical Applications for Risk, Finance Compliance and Customer Insight. For more information, visit our website at https://www.oracle.com/industries/financial-services/index.html
About Oracle
Oracle offers suites of integrated applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
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