Blog > Ripjar Placed as Category Leader in Chartis KYC Solutions Quadrant

20th October 2023

Ripjar Placed as Category Leader in Chartis KYC Solutions Quadrant

We’re proud to have been placed as a category leader in the Chartis RiskTech Quadrant for KYC Solutions, 2023. 

Chartis Research is the leading provider of research and analysis on the global risk technology market, providing in-depth analysis and advice on all aspects of risk and compliance technology. As part of this, Chartis produces reports on risk management solutions for financial crime, including Know Your Customer (KYC) solutions. 

Currently, the global KYC and anti-money laundering (AML) landscape is shifting, with increasing sanctions and regulations affecting all sectors, and particularly the global supply chain. This is leading to organisations implementing more rigorous screening methods to improve due diligence processes. 

In the US, for example, recent regulation changes – such as new sanctions relating to the Russia/Ukraine war, FinCEN’s final rule on beneficial ownership information, and the US Treasury’s National Strategy for Combating Terrorist and Other Illicit Financing – have had a significant impact on due diligence requirements. When combined with increasingly complex supply chains and transactions, the number of companies needing to implement more robust KYC solutions is increasing.

The Chartis KYC Solutions quadrant assesses against capabilities such as customer onboarding, reporting and dashboarding, and customer profile enrichment with additional data – an area in which Ripjar’s industry-leading AI Risk Profiles excels. 

With solutions assessed on the completeness of their offering and their market potential, Ripjar’s high score in both areas has placed us as a category leader.

“Ripjar has expanded its relationship strategies considerably – including a deeper integration with a key partner in Dow Jones," said Phil Mackenzie, Research Principal at Chartis. "This strategy – combined with a flexible API-enabled approach and the vendor’s strengths in data management – is reflected in Ripjar’s position as a category leader in the Chartis KYC Solutions quadrant.”

Chartis RiskTech100 2024

Also announced this week, Ripjar has once again been included in the Chartis RiskTech100 – a ranking of the world’s 100 most important players in risk and compliance technology. In the 2024 rankings, we’re proud to have risen a further 10 places from last year, demonstrating our ongoing commitment to innovation and helping our customers stay ahead of the threat.

Ripjar's Chief Product Officer, Gabriel Hopkins, commented "As Ripjar continues to grow and innovate in KYC, AML and compliance generally, we are thrilled to see our progress recognised by Chartis. Ripjar's AI Risk Profiles technology is transforming the way enterprises look at customer screening and there has never been a better time to adopt AI-driven innovation in compliance."

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