Risk technology spending to hit $23 billion by 2013

Andrew J Smart November 7, 2011

London – 7 November 2011: Compliance and integration to drive risk technology expenditure according to the sixth edition of Chartis Research’s RiskTech100® report.

"There is a quiet revolution taking place in the financial services industry, where the disciplines of risk and finance are converging," comments Peyman Mestchian, Managing Partner of Chartis Research. He says that it is characterized by better alignment of the CFO and CRO and is leading to a re-think of organizational structures, business processes and underlying technology architectures.

While Mestchian says that regulation continues to play a major role in driving demand for risk technology, he also points to a trend towards "value-based compliance" moving away from the traditional "tick box" mentality.

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