ClusterSeven named Best-of-Breed Provider in Chartis Operational Risk Management Systems RiskTech Quadrant® for 2015

ClusterSeven named Best-of-Breed Provider in Chartis Operational Risk Management Systems RiskTech Quadrant® for 2015
04.06.2015 01:00 am

ClusterSeven named Best-of-Breed Provider in Chartis Operational Risk Management Systems RiskTech Quadrant® for 2015

Risk Management

ClusterSeven, a leading provider of end-user computing (EUC) management solutions, today announced that it has been ranked as a best-of-breed vendor in the Chartis Operational Risk Management Systems for Financial Services RiskTech Quadrant® for 2015. According to Chartis, “best-of-breed vendors have best-in-class point solution capabilities together with organizational characteristics to capture significant market share in the chosen target markets.” ClusterSeven is ranked higher in the 2015 quadrant when compared to the 2014 quadrant due to an increase in its customer base and the release of a new solution that provides oversight and control to financial models.

ClusterSeven’s Enterprise Spreadsheet Manager (ESM), Access Database Manager (ADM), and Inventory Management System (ISM) products were recognized for market potential and completeness of offering. In the 2015 report that contains the RiskTech quadrant, Chartis states: “ClusterSeven helps customers manage enterprise GRC for this risk class, while providing additional functionality for user productivity and data insight.”

Chartis provides research and analysis on the global market for risk technology. To compile the rankings Chartis utilizes a transparent and comprehensive scoring system based on a number of sources including vendor evaluation forms, end-user surveys, interviews with subject matter experts, customer reference checks, and vendor briefing sessions.

“High profile operational risk failures resulting from spreadsheet errors have led to increasing regulatory focus and fines in this area,” stated Peyman Mestchian, Managing Partner at Chartis. “ClusterSeven provides a set of solutions that enable financial institutions to reduce and control spreadsheet risk.”

“As the market continues to evolve we are investing in bringing to market innovative solutions that are easy to use and implement,” said Ralph Baxter, CEO and founder of ClusterSeven. “All of our solutions are designed to compliment and coexist with enterprise level GRC and Operational Risk management solutions.”

Related News

LexisNexis Risk Solutions Positioned as a Leader in Risk-Based Authentication Report

LexisNexis® Risk Solutions is honoured to announce it is named as a... Read more »

Wolters Kluwer Updates OneSumX for Regulatory Reporting and Signs ING in China

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has released an update for its OneSumX for Regulatory Reporting solution to allow clients to meet... Read more »

iPaytotal launches complete banking and payment solutions for high risk businesses

iPayTotal is very proud to introduce its Tier 3 Package to all clients, including but not limited to Company Registration, Registered/Virtual Office Address, Global IBAN/SWIFT... Read more »

West African Development Bank (BOAD) selects Wolters Kluwer’s OneSumX Software to manage risk

West African Development Bank (BOAD) has selected Wolters Kluwer’s OneSumX... Read more »

Eventus Systems wins Best Trade Surveillance Solution for Dodd-Frank Act at 2020 RegTech Insight Awards

Eventus Systems, Inc., a leading global trade surveillance and risk management software... Read more »

Wolters Kluwer Continues PPP Educational Series With Loan Forgiveness Webinar

Wolters Kluwer Compliance Solutions is continuing to prove its industry leadership,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel