March 27, 2014 - Chartis recently ranked Wolters Kluwer Financial Services as a Category Leader and a top-rated enterprise governance, risk and compliance (eGRC) provider for the financial services industry in its 2014 RiskTech Quadrant® on Enterprise GRC Solutions.

The Chartis report evaluates vendors on two key factors—completeness of offering and market potential. According to Chartis, Category Leaders featured in the report, such as Wolters Kluwer Financial Services' and its comprehensive eGRC platform, ARC Logics, demonstrate a clear strategy for sustainable, profitable growth matched with best-in-class solutions.

In the report, Chartis noted that "ARC Logics uses a data model that manages all risk and compliance data with full context and supporting information to ensure transparency into the true risk picture of the organization. This facilitates both adherence to risk tolerance and compliance with relevant laws and regulations as well as instant identification of deviance from those imperatives."

Additionally, Chartis says its 2014 Category Leaders have the ability to "combine deep domain knowledge in various risk topics with deep technology assets and capabilities. They demonstrate this by addressing the needs of very large clients with complex risk management and technology requirements as well as addressing the needs of smaller clients with standardized requirements looking for integrated solutions from a single vendor."

"Wolters Kluwer Financial Services is pleased to once again be recognized as an eGRC leader by Chartis," said Todd Cooper, vice president and general manager of the company's Enterprise Risk & Compliance business. "Our strong position in this report underscores our continued commitment to meeting the evolving needs of eGRC professionals. Our unique combination of industry knowledge, technology and services helps those in the financial services industry develop sound risk management practices that translate into a competitive position in the marketplace."