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Safe Banking Systems Recognized as Point Solutions Provider in Chartis 2014 RiskTech Quadrants®

Safe Banking Systems Recognized as Point Solutions Provider in Chartis 2014 RiskTech Quadrants®

Identifies significant vendors in financial crime risk management

MINEOLA, NY, January 21, 2015 – Safe Banking Systems, a technology enabled company and provider of SAFE Advanced Solutions® for anti-money laundering and compliance, today announced that it has been recognized as a Point Solutions provider in the Chartis Financial Crime Risk Management Systems 2014 RiskTech Quadrants®. This comprehensive analysis from Chartis highlights risk technology vendors whose innovative solutions, market penetration, completeness of offering or other attributes provide the company with a significant presence in a given target market. The accompanying research report provides an authoritative review of the financial crime risk management market and uses Chartis’ RiskTech Quadrants to explain the vendor landscape.

“Being recognized by Chartis in each of the four RiskTech Quadrants: enterprise fraud technology, AML and transaction monitoring, Know Your Customer (KYC) and client onboarding, and watch list monitoring, validates the breadth and effectiveness of our solutions in combating financial crime,” said David Schiffer, president & CEO, Safe Banking Systems. “We continue to innovate and expand our offerings to keep pace not only with changing regulations, but with financial criminals who are increasingly adept at exploiting gaps in AML systems.”

“According to the Financial Crime Risk Management Systems report, financial institutions identified AML and KYC as their next highest priority after cybersecurity,” said Peyman Mestchian, managing partner at Chartis. “Safe Banking Systems’ strength in these areascombined with its potential for growth demonstrates that it is a solid solutions provider whose offerings meet industry needs. The company has clearly earned its spot as a Point Solutions Provider in the RiskTech Quadrants.”

Chartis is the preeminent provider of research and analysis for the risk technology market. The Chartis Financial Crime Risk Management Systems 2014 report is based on responses from over 100 financial institutions and discussions with risk and compliance practitioners, domain experts and vendors. The RiskTech Quadrant uses a comprehensive methodology of in-depth independent research and a clear scoring system to explain which technology solutions meet an organization’s needs.

Editor’s Notes

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

About Chartis
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. Chartis is authorized and regulated by the Financial Conduct Authority (FCA) for providing investment advice – (

Contact: Carol Stabile, CAMS
Chief Sales & Marketing Officer
Safe Banking Systems
(631) 547-5400