Safe Banking Systems Continues its Impressive Rise in the Chartis 2016 RiskTech100® Ranking
Advances 50 Places in Two Years on List of Global Risk Technology Vendors
Mineola, NY (PRWEB) January 25, 2016
Safe Banking Systems, a provider of innovative anti-money laundering and compliance solutions, today announced that it has been ranked 40th in the Chartis 2016 RiskTech100® report. This represents the fourth consecutive year that SBS has been ranked and a cumulative two-year rise of 50 places.
The highly regarded Chartis study provides an annual ranking of the most noteworthy risk and compliance technology providers worldwide based on six criteria: product functionality, technology, organizational strength, customer satisfaction, market presence and innovation. Only companies that sell their own risk management solutions are considered for inclusion.
“Our substantial year-to-year gain in the RiskTech100® reflects Safe Banking Systems’ increased market penetration, comprehensive product functionality and commitment to innovation,” said David Schiffer, president and CEO of Safe Banking Systems. “We hope to continue our upward trajectory with the introduction of SAFE Advanced Solutions® Visual Intelligence Platform, our next generation offering for anti-money laundering and compliance.”
SAFE Advanced Solutions® Visual Intelligence Platform identifies and monitors relationship risk across the enterprise. It is designed for internet scale KYC, CDD, EDD and enables organizations to perform complex entity resolution related to Sanctions, Politically Exposed Persons (PEPs), Reputationally Exposed Persons (REPs) found in adverse media, and other high-risk entities. SAFE Advanced Solutions Visual Intelligence Platform delivers visual and intuitive intelligence including data analytics, customer and event timelines, link analysis and risk scoring to facilitate information sharing across and within business groups for a comprehensive view of risk.
“Financial institutions are struggling under the weight of Internet-scale data, disparate systems and fragmented processes, making it increasingly difficult to proactively identify risk,” said Peyman Mestchian, managing partner at Chartis. “Safe Banking Systems has made great strides in the four years it has been included in the RiskTech100®. The company continues to distinguish itself with a principles-based approach to entity resolution that has proved more effective at identifying anomalies and exposing hidden risk across the enterprise than rules-based systems.”