Global macroeconomic conditions, evolving customer preferences, supply-chain disruptions, regulatory scrutiny, and transforming operating models are driving Banking and Financial Services (BFS) firms to build resilient, scalable, and flexible risk management and regulatory reporting IT and technology systems. However, roadblocks such as legacy IT landscape and fragmented data systems are hampering the transformation of BFS enterprises’ Risk and Compliance (R&C) functions.
BFS enterprises are also looking to evaluate how environment, social, and governance factors impact their financial products and the risks that they undertake. Additionally, they are creating new services and products that drive sustainable outcomes for their clients.
To serve this need, technology providers are partnering with technology and platform providers to develop solutions such as cloud-based, API-driven, and intelligent R&C management platforms to help BFS firms better manage their R&C functions. They are also investing in tools, accelerators, CoEs, next-generation technology solutions, and talent to improve enterprises’ R&C advisory and IT services capabilities.
This compendium provides detailed and fact-based snapshots of 26 BFS risk and compliance IT service providers featured on the Risk & Compliance in BFS IT Services PEAK Matrix® Assessment 2022. Each profile provides a comprehensive picture of the provider’s vision and strategy, practice size and scale, delivery footprint, scope of services and solutions offered, investments, partnerships, case studies, and key strengths and limitations. The compendium will enable providers to benchmark their capabilities against their peers, while enterprises will be able to assess the providers based on their desired set of capabilities.
In this report, we: