LONDON--(Marketwire - Jul 19, 2012) - Chartis Research, the leading provider of research and analysis for risk management technology, announced today that it has introduced the RiskTech Quadrant with a transparent and independent scoring system for ranking technology vendors.
The RiskTech Quadrant employs a comprehensive ranking methodology based on in-depth independent research and a clear scoring system to explain which technology solutions would be best for buyers, based on their implementation strategies.
The RiskTech Quadrant evaluates vendors on two key dimensions: Completeness of Offering and Market Potential. For the Completeness of Offering dimension, five different criteria are used that encompass overall functionality, data management capabilities, risk analytics, and reporting tools. For the Market Potential dimension, nine different criteria are used including market penetration, brand awareness, customer satisfaction, and sales execution. Depending on the outcome of the overall evaluation, vendors are ranked as Point Solutions Providers, Best-of-Breed Providers, Enterprise Solutions Providers, or Category Leaders.
Each report from Chartis Research that features a RiskTech Quadrant includes detailed descriptions of the evaluation criteria as well as the complete vendor evaluation forms and a description of the research process.
This year Chartis Research will issue a number of reports incorporating the RiskTech Quadrant. These reports will cover such areas as Basel 3, Enterprise Collateral Management, Energy Trading Risk Management, Financial Crime, Liquidity Risk, Operational Risk, GRC and Risk Data Management.
"In the wake of recent financial and corporate risk management failures, the risk technology market is experiencing tremendous growth," comments Peyman Mestchian, Managing Partner at Chartis Research. "This growth has resulted in a proliferation of technology solutions from a range of vendors across the globe. Risk technology buyers have told us that they are confused regarding the strengths and weaknesses of different vendors. This is exacerbated by the vendors making overly optimistic claims regarding their capabilities. The RiskTech Quadrant is the first evaluation methodology developed for and dedicated to risk technology vendor selection. It is based on a number of vendor selection projects that we have advised on for leading financial institutions and corporates across the globe. We aim to bring clarity to the marketplace by applying practitioner-level, objective and transparent criteria to help buyers make an informed decision about which technology solutions to consider deploying."
For additional information please email Chartis at info(at)chartis-research(dot)com.
About Chartis Research
Chartis is recognized internationally as the leading research and advisory firm focused exclusively on the risk technology market. For more information visit www.chartis-research.com.
RiskTech Quadrant™ is a registered trademark of Chartis Research Limited.
Chartis Research is authorized and regulated by the Financial Services Authority (FSA) for providing investment advice.