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, January 25, 2016 – Safe Banking Systems, a provider of innovative antimoney 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 & 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 highrisk 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.”
About Safe Banking Systems
Safe Banking Systems provides innovative anti-money laundering and compliance solutions that enable institutions to identify, assess and manage risk across the enterprise. By reaching across business silos, SBS combats financial crime and finds the bad guys that other systems miss. SBS’ AML solutions solve key Know Your Customer, Customer Due Diligence and Enhanced Due Diligence issues. The patented risk ranking methodology and probability scoring in SAFE Advanced Solutions Visual Intelligence Platform® builds on SBS’ award-winning technology to bring greater intelligence for entity resolution to clients worldwide. For more information, visit www.safe-banking.com.
About the RiskTech100®
The RiskTech100® is recognized globally as the most comprehensive and prestigious study of the top technology companies active in the risk management market and is available from www.risktech-forum.com. RiskTech100® is a Registered Trade Mark of Chartis Research Limited
Chartis is the leading provider of research and analysis on the global market for risk technology, and is part of InfoPro Digital. Chartis’s goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
RiskTech Quadrant®, RiskTech100® and FinTech QuadrantTM are registered trademarks of Chartis Research (http://www.chartis-research.com).
Contact: Carol Stabile, CAMS
Chief Sales & Marketing Officer
Safe Banking Systems