Rising volatility in the markets is a concern for everyone, be it a citizen or the CFO of a bank. The failure of even one financial institution can have severe repercussions on the entire financial system. With the evolution of various facets within the financial world, institutions have set up multiple verticals within their risk and compliance department. They each focus on one particular area and have their own internal processes and data. It is necessary to establish dependencies between businesses and operations to access risk. Failure to do so will lead to incorrect compliance, data breaches, and poor service performance. Institutions often find it challenging to unify data from these various divisions due to disparate systems.
To deal with the rising need for strong risk and compliance management, many solution providers have forayed into the market. State of the art technology that is powered by big data and cloud technology is making risk and compliance management more robust and efficient. Modern solutions have a single unified platform that can perform various tasks such as risk and compliance assessment, internal audits and automation of internal security. With these features, such solutions help organizations mitigate risks and stay secure in this ever-changing world.
CFO Tech Outlook has put together a list of top Financial Risk and Compliance solution providers to help organizations choose the optimum solution provider among the various players in the market. This list has been compiled by a distinguished panel of CEOs, CFOs, VCs, industry analysts, and our magazine’s editorial board. This will help CFOs, CTOs and CEOs make the right choice while deciding their risk and compliance partner.
Having considered the importance of cost effective and innovative solutions, we present to you the “Top 10 Financial Risk and Compliance Solution Providers - 2018”