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RiskScreen determined ‘best of breed’ in Chartis research 2020

Posted: Monday 21 September 2020

Jersey-based company KYC Global Technologies, the provider of AML screening solution RiskScreen, has been determined ‘best of breed’ for its software.

Chartis’s report, “KYC/AML Software Solutions, 2020: Market Update and Vendor Landscape”, released on 10 September 2020, examines financial institutions’ (FIs’) evolving technology requirements for KYC/AML processes and systems, which are increasingly overlapping to create a common compliance-orientated process. The report considers suppliers from around the globe, assessing them for placement in various quadrants.

KYC Global Technologies are delighted to be placed firmly in the Best of Breed quadrant for both KYC and AML solutions. Chartis define best of breed providers as follows:

“Best-of-breed providers have best-in-class point solutions and the ability to capture significant market share in their chosen markets. They are often distinguished by a growing client base, superior sales and marketing execution, and a clear strategy for sustainable, profitable growth. High performers also have a demonstrable track record of R&D investment, together with specific product or ‘go-to-market’ capabilities needed to deliver a competitive advantage. Focused functionality will often see best-of breed providers packaged together as part of a comprehensive enterprise risk technology architecture, co-existing with other solutions.”

Stephen Platt, CEO KYC Global Technologies, commented:

“I am thrilled to see this recognition of the value our RiskScreen software brings to our customers and the continued investment we are making in new product development and excellent customer service. Our technology solutions are crafted from our deep industry expertise, and continued dialogue with our KYC360 community of AML practitioners, and I can ask for few higher accolades than to be deemed best-of-breed.”

The Chartis report is available in full at https://www.chartis-research.com/chartis-insights/7678081/kycaml-software-solutions-2020-market-update-and-vendor-landscape

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