LONDON, Dec. 3, 2012 /PRNewswire/ -- Wynyard Group, the specialists in intelligence-led solutions for protecting companies and countries from threat, crime and corruption, has been named a top vendor in the seventh annual RiskTech100 rankings compiled by Chartis Research, a leading provider of research and analysis on global risk technology markets.
Launched in March 2012, Wynyard Group placed at 29, ahead of many long established and specialist risk management software providers.
This year's Chartis Research's RiskTech100 report highlights the use of next generation risk management technology such as artificial intelligence and machine learning which will impact the future of enterprise risk management in areas including financial crime and operational risk. The report is a result of a survey of some 9,000 risk management technology buyers globally.
Wynyard's intelligence-led risk management software solutions connect the dots and close the loop on threat, crime and corruption for more than 2,000 of the world's best known companies and government agencies. The solutions are used to help organisations better understand their exposure, improve the visibility of risk across the enterprise and to detect, prevent and combat financial crime including fraud and money laundering.
Peyman Mestchian, Managing Partner at Chartis Research, said, "The market for risk technology continues to expand apace as businesses across the globe acknowledge its necessity and value. Wynyard Group is one of the few firms leading the way in the next generation of risk management connecting advanced techniques to better assess risk, detect and prevent crime from occurring. Its high placement is a reflection of this."
According to the report, there is also a shift in focus from risk management operating as pure compliance function to providing a strategic input into financial institutions' future business model, addressing risk in a more holistic way.
Craig Richardson, CEO Wynyard Group, said, "Wynyard's placement in the report demonstrates our position of strength as a global provider of intelligence-led risk management solutions. The report highlights the importance of integrated risk management to comply with regulations and assess risk and also the application of next generation machine learning to detect, prevent and combat financial crime."
The RiskTech100 provides a comprehensive assessment of the world's most significant companies in the risk technology sector and is acknowledged globally as the most comprehensive and prestigious study of risk technology vendors. They are developed using a comprehensive review of risk management systems and a detailed assessment methodology. Results for this year were compiled from 823 questionnaires completed by risk technology buyers and end-users. 188 interviews were conducted with technology buyers, independent consultants and systems integrators specialising in risk technology to validate survey findings.
The RiskTech100 report is available for free download at www.risktech-forum.com.
For more information please contact:
Wynyard Group Chief Executive Officer
SOURCE Wynyard Group