Safe Banking Systems’ significant gain in the Chartis list reflects the strength of the company and its success providing actionable anti-money laundering intelligence that enables clients to proactively identify and assess risk across the enterprise
Mineola, NY (PRWEB) January 08, 2015
Safe Banking Systems, a technology enabled company and specialist provider of anti-money laundering and compliance solutions, marked its third year of inclusion in the Chartis 2015 RiskTech100® report by jumping 23 places to rank 67th. Chartis identified Safe Banking Systems as one of the companies with a notable gain.
The annual Chartis study is recognized as the most authoritative assessment of the world’s top risk and compliance technology providers. It evaluates and ranks vendors based on product functionality, core technology, innovation, customer satisfaction and other criteria.
“We are gratified to make such strides in the RiskTech100® particularly when our competitors represent some of the most diverse and respected companies in the industry,” said David Schiffer, president & CEO, Safe Banking Systems. “SAFE Advanced Solutions®, our flagship suite of products and services, has greatly contributed to Safe Banking Systems’ year-on-year improvement in the Chartis ranking. The innovative technology and principles-based approach that drive SAFE Advanced Solutions make it highly effective at exposing money laundering, terrorist financing, fraud and other financial crime.”
“Safe Banking Systems’ significant gain in the Chartis list reflects the strength of the company and its success providing actionable anti-money laundering intelligence that enables clients to proactively identify and assess risk across the enterprise,” said Peyman Mestchian, managing partner at Chartis. “The company’s holistic approach supports financial institutions’ focus on integrating risk and compliance activities across people, processes, technology and data.”
SAFE Advanced Solutions’ patented methodology for exposure ranking along with probabilistic alert scoring and dynamic surveillance deliver a systematic and highly effective approach for identifying sanctions, PEPS (politically exposed persons), REPs (reputationally exposed persons found in adverse media) and other high-risk entities in customer databases. SAFE Advanced Solutions solves the problem of entity resolution while enabling institutions to meet Know Your Customer, Customer Due Diligence and Enhanced Due Diligence regulatory requirements.
About Safe Banking Systems
For more than 15 years, Safe Banking Systems, a technology enabled company, has been thinking ahead of the risks to combat financial crime and find the “bad guys.” SBS’ anti-money laundering and compliance solutions solve key Know Your Customer, Customer Due Diligence and Enhanced Due Diligence issues. These solutions provide financial and other institutions with a holistic framework for managing enterprise-wide risk in a data driven environment. SBS’ flagship offering, SAFE Advanced Solutions®, combines a patented risk ranking methodology with a probability scoring model that brings actionable intelligence for entity resolution to clients worldwide. For more information, visit http://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 http://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. 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 - (http://www.chartis-research.com)