Financial services firms are facing strong headwinds in managing their financial risks, due to tightening regulations, increasing customer expectations, rising costs, and lack of techno-functional expertise. To tackle these challenges, enterprises are looking to transform their Financial Risk Management (FRM) functions by leveraging FRM platforms, which help firms manage risks related to credit, market, interest rate, and asset liabilities in an integrated manner. These platforms enable enterprises to automate their risk functions and manage their risk data, calculations, visualization, and reporting.
In this research, we analyze 10 leading FRM technology platform vendors, focusing on their vision, capabilities, investments, and market impact. Our assessment is based on Everest Group’s proprietary transaction intelligence database, public disclosures, and discussions with enterprises, technology vendors, and service providers.
We have assessed the capability maturity and market adoption across all geographies for the following 10 FRM platform vendors:
Actico, AxiomSL, Calypso, CSI, Finastra, FIS, Fiserv, Murex, Openlink, and SAS
We study the following topics in this report: