Company Acknowledged as a Leader in Stress Testing
The Chartis report evaluates vendors on two key factors—completeness of offering and market potential. According to Chartis, category leaders featured in the report, such as Wolters Kluwer Financial Services and its comprehensive governance, finance, risk and compliance (GFRC) platform, OneSumX®, demonstrate a clear strategy for sustainable, profitable growth matched with best-in-class solutions. These are “risk technology vendors that have the necessary depth and breadth of functionality, technology, and content, combined with the organizational characteristics to capture significant market share by volume and value,” according to Chartis.
“Stress testing and scenario modeling is one of the most important functions of any financial institution that wants to survive market shocks and increased regulatory scrutiny,” said Peyman Mestchian, managing partner at Chartis. “An effective stress testing strategy requires the implementation of an enterprise stress testing platform that aligns with existing risk management systems, regulatory requirements, organizational structures and visualization components”
“Wolters Kluwer Financial Services is delighted to be recognized as a leader in enterprise stress testing by Chartis,” said Nancy Masschelein, vice president, market management, Risk & Finance, EMEA, at Wolters Kluwer Financial Services. “Our strong position in this area, as evidenced by this new report, highlights our continued commitment to meeting the evolving industry and regulatory requirements for robust stress testing – an increasingly important area for financial services firms.”
At the end of 2014, Wolters Kluwer Financial Services earned the No. 4 position in Chartis’ RiskTech100® for the second year in a row. In the same report, the company was recognized as a Category Leader in Regulatory Reporting, marking four years running that it has won that accolade. The company was also recently named a Category Leader for the financial services industry in the RiskTech Quadrant® on Operational Risk Management Systems for Financial Services (for the third year in a row) and as a Category Leader in the RiskTech Quadrant® on Enterprise GRC Solutions (also for the third consecutive year).
For more information about Wolters Kluwer Financial Services’ OneSumX solution suite, please visit www.WoltersKluwerFS.com/OneSumX.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 170 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. RiskTech Quadrant® is a registered trade mark of Chartis Research limited.
For futher information, please visit www.chartis-research.com