Accuity rated a category leader in Chartis’ 2017 RiskTech Quadrant® for watchlist monitoring solutions


Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, announced today that it has been recognised by Chartis Research as a category leader in the RiskTech Quadrant® for watchlist monitoring solutions. The watchlist monitoring solutions category features in Chartis’ 2017 Financial Crime Risk Management update report.

The Chartis report examines financial crime risk management systems across four areas: enterprise fraud, AML and transaction monitoring, KYC and client on-boarding, and watchlist monitoring, and covers key trends and challenges as well as the competitive landscape. For the RiskTech Quadrant® for watchlist monitoring solutions, Chartis analyses the industry to rate firms based on the completeness of their offering and their market potential.

Accuity’s position on the 2017 RiskTech Quadrant® for watchlist monitoring solutions reflects its success in combining data and technology within the Fircosoft portfolio of financial crime compliance screening solutions to give customers a clearer picture of risk. Accuity began integrating Fircosoft, a world leader in watchlist filtering software, when it was acquired by RELX in 2014, and the Fircosoft solutions have added an essential dimension to Accuity’s compliance portfolio, helping the business deliver exceptional risk and regulatory protection to customers around the globe.

Accuity’s placement in the RiskTech Quadrant® for watchlist monitoring solutions also reflects its strong commitment to investing in market-driven innovation. At a time when financial institutions are increasingly looking for new technologies to improve customer experience and manage compliance risks, Accuity has evolved its RegTech offering, incorporating machine learning into its false positive reduction capability and successfully integrating its financial crime screening solutions within Corda – R3’s enterprise-grade distributed ledger technology (DLT) platform.

Hugh Jones, President and CEO, Accuity, said: “our clients are faced with a balancing act; on the one hand they are required to meet proliferating levels of regulation and safeguard against risk, and on the other, they are tasked with streamlining their operations and reducing the burden and cost of compliance for their organisations.

“At Accuity, we understand both sides of this challenge and are continually striving to enhance our RegTech offering, by embracing new technologies, such as machine learning and DLT, so our clients can achieve both efficiency and rigour in financial crime compliance.

“We are proud that Chartis Research has recognised our success to date and commended our strategic vision in the 2017 Financial Crime Risk Management report.”

Sid Dash, Research Director, Chartis Research, commented: “Accuity combines data and technology, and invests in innovation – all important features in the watchlist monitoring market. Its market potential and completeness of offering ratings reflect its solutions and its strategy for sustainable growth.”

ENDS

 

Notes to editors:

2017 RiskTech Quadrant® for Watchlist Monitoring Solutions

Read the full report

About Chartis

Chartis Research is the leading provider of research and analysis into the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Areas of expertise include:

  • Credit risk
  • Operational risk and governance, risk and compliance (GRC)
  • Market risk
  • Asset and liability management (ALM) and liquidity risk
  • Energy and commodity trading risk
  • Financial crime, including trader surveillance, anti-fraud and anti-money laundering
  • Cyber risk management
  • Insurance risk
  • Regulatory requirements, including Basel 2 and 3, Dodd-Frank, MiFID II and Solvency II

Chartis is solely focused on risk and compliance technology, which gives it a significant advantage over generic market analysts. The firm has brought together a leading team of analysts and advisors from the risk management and financial services industries. This team has hands-on experience of implementing and developing risk management systems and programs for Fortune 500 companies and leading consulting houses.

About Accuity

Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimise payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organisational reputations.

Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.

Media contacts

For more information please contact:

Imogen Nash, Accuity
imogen.nash@accuity.com
Tel: +44 (0) 7789 924 920

Francesca Bliss, Cognito
francesca.bliss@cognitomedia.com
Tel: +44 (0)20 7426 9419