CustomerXPs Positioned Again as Enterprise Solution in 2017 Chartis RiskTech Quadrant® for Enterprise Fraud Technology

CustomerXPs Positioned Again as Enterprise Solution in 2017 Chartis RiskTech Quadrant® for Enterprise Fraud Technology
10.08.2017 12:30 pm

CustomerXPs Positioned Again as Enterprise Solution in 2017 Chartis RiskTech Quadrant® for Enterprise Fraud Technology

Risk Management

Leading provider of real-time financial crime, risk and compliance software for the global banking sector CustomerXPs has for the 2nd consecutive year been positioned as an Enterprise Solution in the Chartis RiskTech Quadrant® for Enterprise Fraud Technology in the 2017 Financial Crime Risk Management Report

Global risk technology research and analysis leader Chartis’ latest report covers the leading vendors of Financial Crime Risk Management (FCRM) systems. The RiskTech Quadrant® measures the vendors’ completeness of offering and market potential.

In this year’s Financial Crime Risk Management Systems Update Report, Chartis conveys how, against a background of more financial crime and shifting regulatory pressures, two trends are increasingly shaping Financial Institutions’ FCRM requirements:

·       Greater volumes of regulatory reports, notably Suspicious Activity Reports (SARs).

·       More complex relationships, involving correspondent banking, ultimate behavioral owners, and Open Application Programming Interface (API) banking.

The report includes:

·       A look at the main emerging trends in FCRM since their last report, and how these are affecting the overall narrative and landscape in this space.

·       An analysis of how this is shaping FIs’ technology approaches and requirements, and how vendors of FCRM solutions are responding.

·       Brief updates on the main categories of FCRM systems: Anti-Fraud; Anti-Money Laundering (AML); Know Your Customer (KYC); Watchlist Monitoring; and – new to this report – Trader Surveillance.

In Chartis’ view, tackling these issues effectively will take the considered use of technology, people and process – all as budgets continue to tighten and financial crime gets more sophisticated.

The report states that while several technologies are proving useful, platforms/databases, Artificial Intelligence (AI) and entity resolution, are emerging as key elements in the development of effective new FCRM systems.

“CustomerXPs has a clear strategy for providing financial crime risk management technology to banks across the globe,” said Sidhartha Dash, Research Director at Chartis Research. “Their strong real-time fraud management capabilities, coupled with comprehensive cross-channel & cross-product coverage, ensured their position on the RiskTech Quadrant.”

Rivi Varghese, CEO, CustomerXPs added, “Chartis recognizing CustomerXPs once again echoes our continued customer success. Our AI-powered ‘central nervous system’ approach ensures that banks are able to benefit exponentially better with a unified cross-channel, cross-pollinated and real-time enterprise fraud management system that summons the collective wisdom in the short transaction window.”

CustomerXPs has also been recognised in the annual Chartis RiskTech100® rankings consistently since 2015. The rankings are globally acknowledged as the most comprehensive research of the world’s most significant risk and compliance technology companies.


Related News

Straits Financial Group Signs with Eventus Systems for Expanded Services, Bringing New Regulatory Compliance Capabilities to Singapore Headquarters

Eventus Systems, Inc., a leading global trade surveillance and market risk platform provider, announced today that... Read more »

Axioma Releases New APAC Equity Risk Models

Axioma, the leading global provider of enterprise risk management, portfolio management and regulatory reporting solutions, announces the release of its new APAC (AP4) and APAC... Read more »

Instantor releases report on how machine learning is revolutionising credit risk management in Europe

Today Instantor, the 3rd. fastest growing Swedish FinTech who makes tough calls easy within credit risk management presents “Credit Risk Management 2019 - How Do You Stack Up... Read more »

AdviceRobo Unveils JACQ at FinovateEurope


Credit risk assessment innovator AdviceRobo demos at FinovateEurope... Read more »

Fingerprints Launches ‘Out of the Box’ Enrollment Demo for Biometric Payment Cards

World-leading biometrics company, Fingerprint Cards (Fingerprints... Read more »

Farmers and Merchants Bank Partners with Baker Hill to Support Continued Growth

Baker Hill, a leading provider of technology solutions for common loan origination, risk and relationship management, CECL... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App