NetEconomy Ranked as Top Risk Technology Company for Second Year in the Chartis RiskTech 100 Report
03/01/2008 10:03
PR Newswire
THE HAGUE, The Netherlands, January 3 /PRNewswire/ -- NetEconomy, the global leader in financial crime management and
compliance solutions, and a business unit of Fiserv, Inc. (NASDAQ:FISV),
announced today that the company is ranked as a global top risk technology
company for the second year in the Chartis RiskTech 100 report.
Chartis Research, a leading analyst firm for the risk technology
marketplace recently released its annual global rankings for 2007 of the top
100 risk technology vendors. This study selected and ranked the top risk
technology firms on the basis of a comprehensive sweep of the marketplace and
a detailed assessment methodology covering functionality, core technology,
organizational strength, customer satisfaction and market presence.
The research was conducted in partnership with Risk Technology
International Ltd. (RiskTech). The report, RiskTech 100, estimates the global
market for risk technology to be worth $5.9 billion. (external expenditure
only) in 2008 and forecasts a compound annual growth rate of 7%. This
expenditure includes the full spectrum of enterprise risk management
requirements including risk-based compliance.
"The growth in expenditure on risk technology is fueled by increasing
interest in corporate governance, risk-based regulation, risk-based trading,
growth in the derivatives market and financial crime," said Peyman Mestchian,
CEO of Risk Technology International (RiskTech). "Increasingly we are seeing
financial institutions moving away from tactical point solutions and looking
for integrated enterprise architectures - generally speaking vendors with a
holistic approach to ERM have scored better in the rankings."
"NetEconomy is very excited to be named a top provider of risk technology
and to receive this global distinction for our solutions and holistic
approach for fighting financial crime," said Sebastian Kuntz, CEO of
NetEconomy. "It has been our mission to continue to develop and deploy
premier financial crime management and compliance solutions, leveraging
advanced analytics and a customer-centric delivery approach to provide
instant business risk insight, increased operational efficiencies and a
flexible holistic platform to manage evolving risk and compliance
requirements. This recognition underscores the success of our solutions and
our commitment to delivering value, growth and protection for our customers."
About NetEconomy
NetEconomy, based in The Hague, with offices in London, Paris, Boston,
New York, Sydney, Shanghai and Kuala Lumpur, Malaysia, and distributors and
strategic partners across South Africa, Australia, Europe, Southeast Asia and
the United States, is the leading provider of financial crime management and
compliance solutions. With more than 140 implementations across 60 countries,
NetEconomy brings business value to its worldwide client base through its
personalized customer approach for minimizing regulatory risk, delivering
measurable results and protecting corporate brand and reputation. For more
information, please visit www.neteconomy.com. For more information on
NetPractice, visit www.netpractice.org.
About Fiserv, Inc.
Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information
management and electronic commerce systems and services to the financial and
insurance industries. Leading services include transaction processing,
outsourcing, electronic bill payment and presentment, investment management
solutions, business process outsourcing (BPO), software and systems
solutions. Headquartered in Brookfield, Wis., the company serves more than
21,000 clients worldwide and is the leading provider of core processing
solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the
largest provider of information technology services to the financial services
industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007,
the company completed the acquisition of CheckFree, a leading provider of
electronic commerce services. Fiserv and CheckFree had more than $4.5 billion
in combined pro forma total revenue for 2006. For more information, please
visit http://www.fiserv.com.
For more information contact: Alison Holland, Director, Worldwide Marketing, NetEconomy, +1-508-893-6066, aholland@neteconomy.com. Fiserv Corporate Contact: Lori Stafford, Assistant Vice PPresident Corp. External Comm, Fiserv, +1-262-879-5130, Lori.stafford@fiserv.com