December 17, 2013 - Wolters Kluwer Financial Services moved up to No. 4 among the world's leading risk management technology providers in Chartis' 2014 RiskTech100 rankings. The company climbed two spots from last year's sixth place position in the analyst firm's report and was named winner in the Regulatory Reporting category for the third year in a row.

Wolters Kluwer Financial Services also earned the best customer satisfaction rating among the top 20 providers ranked in the report and tied for the highest organizational strength score among the top four providers.

"Our strong overall placement and leading positions in this year's RiskTech100 are especially meaningful considering the amount of scrutiny and research Chartis puts into evaluating the providers included in the report," said Brian Longe, CEO of Wolters Kluwer's Financial & Compliance Services division.

"Wolters Kluwer Financial Services has made a number of strategic acquisitions in recent years in the risk, finance and compliance space," stated Peyman Mestchian, managing partner at Chartis, "The addition of these new capabilities to their existing technology, content and professional services capabilities has positioned them for significant success in the risk technology marketplace. This year we have been particularly impressed by Wolters Kluwer Financial Services' continued investment in product and business integration and their move towards providing an enterprise risk management value proposition to a range of financial institutions."

The RiskTech100, in its eighth year of publication, utilizes assessment criteria in six equally weighted categories: functionality, core technology, organizational strength, customer satisfaction, market presence and innovation. In 2013, Chartis collected more than 800 questionnaires from risk technology buyers and end-users, as well as more than 300 from risk technology vendors. Chartis' analysts also conducted more than 100 interviews with select vendors to help determine and order the final list.