In a provocative, never-before-published report from Meridien Research, the world of enterprise risk technology providers is broken out by company; each technology firm is dissected for its strengths and weaknesses in functions including analysis, data storage, reporting, and integration. The report's objective is to clarify the range of expertise in the industry, and what vendors are truly closest to delivering enterprise risk technology solutions. Excerpts follow.
Pressure from regulators and stockholders has increased the amount of time, energy and spending financial services firms devote to enterprise level market and credit risk management. Supporting this increased effort is a layer of technology infrastructure which is unique in scope and complexity. Enterprise risk management is the control of risk across all locations and products for the highest level corporate entity. Few, if any, financial institutions today have achieved this pinnacle of risk management. It is an ongoing process, with a goal which is not yet well defined. The demands that enterprise risk management place on technology are extreme. The infrastructure must be stable and reliable while maintaining a high degree of flexibility-two often opposing demands.