Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, today announced that it has again been ranked as category leader in the Chartis RiskTech Quadrant® for Operational Risk Management Systems.
Thomson Reuters Accelus Risk Manager was recognized for market potential and completeness of offering. In their report, Chartis summarizes: "Thomson Reuters Accelus Risk Manager enables organizations to establish a framework for operational risk based on their risk appetite. Accelus Risk Manager (ARM) captures information such as incidents, indicators, assessment responses and scenario analysis data. Risk managers can analyze this risk intelligence through the lenses of their organization’s various structures and reporting lines, so that both the cause and effect of a risk can be fully understood. On-screen, ad-hoc and formalized reporting is supported."
Chartis is a research and advisory firm which provides technology and business advice to the global risk management industry. Their RiskTech Quadrant is a transparent and independent scoring system for ranking technology vendors which employs a comprehensive ranking methodology based on in-depth independent research. Its clear scoring system gives an overview of the marketplace and allows an organization to select a technology solution which fulfills business needs and provides competitive advantage.
“We are very pleased to be recognized again as a category leader in Chartis’ latest report on Operational Risk Management solutions,” says Chris Perry, global managing director, Risk at Thomson Reuters. “The importance of effective operational risk management is very, very high on the agenda of both Board Directors and Senior Management globally. In fact, Chartis has reported that operational risk has now overtaken credit risk as the most important risk in financial services. This is driven by a realization that operational risks are behind some of the most significant losses organizations have experienced over the past few years. Working with our customers, we look at ways and solutions to manage operational risk more effectively across the enterprise, and our recognition by Chartis coupled with our recently announced enhancements to Accelus Risk Manager are testament to our dedication to continuously deliver the best solutions and experience to our customers.”
Thomson Reuters recently announced new enhancements to Accelus Risk Manager including advanced visualization capabilities, regulatory stress testing, model risk analysis and improved search capabilities. You can find further information on Accelus Risk Manager here: http://accelus.thomsonreuters.com/products/accelus-risk-manager.
Thomson Reuters Accelus is a suite of solutions built on trusted expertise, regulatory and risk content and configurable workflow technology that enable firms to navigate risk and regulation, drive a compliance culture, support good governance and act with integrity. Accelus delivers market-leading solutions for governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and e-learning, and board of director and disclosure services.
This achievement follows Thomson Reuters position as Category Leader in the Chartis RiskTech Quadrant® for Enterprise Governance, Risk and Compliance vendor report earlier this year. Thomson Reuters was also named Operational Risk Software Provider of the Year in the Operational Risk and Regulation Awards 2014.
The Chartis Operational Risk Management Systems for Financial Services 2014 report is available at: http://chartis-research.com/research/reports/operational-risk-management-systems-for-financial-services-2014.
