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.
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.