We’re delighted to announce that Ripjar has been placed as a category leader in the Chartis RiskTech Quadrant for Entity Management and Analytics Solutions.
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 financial crime risk management solutions, including entity management and analytics solutions.
As financial institutions have been focusing on the changing risk landscape, such as the implementation of Russian sanctions in the last year, organisations are finding that they need to consider a wider range of operational risks, and that addressing AML challenges requires a more holistic approach.
Capabilities such as entity resolution and data analysis are increasingly vital for financial institutions to gain valuable insight from both internal and external data, so the adoption of advanced, AI-powered entity management and analytics systems is a priority for many organisations to ensure regulatory compliance.
The Chartis RiskTech Entity Management and Analytics Solutions segment assesses against criteria including each solution’s coverage and scalability, depth and breadth of data, and ability to enrich data with additional information.
Solutions are assessed on the completeness of their offering and their market potential. Ripjar is ranked as a category leader, scoring highly in both areas.
“Ripjar’s category leader rating in Chartis’ inaugural entity management quadrant reflects its strong breadth of coverage across data enrichment and sources, neatly tied together with its entity management capability,” said Nick Vitchev, Research Director at Chartis. “Its solution provides advanced analytics capabilities in key areas such as data ingestion and processing, demonstrating an ability to view entities through a variety of innovative lenses with strong investigation and audit-trail functionality.”
Why is Ripjar’s Labyrinth Screening solution a category leader?
Ripjar’s Labyrinth platform is designed for advanced data analytics, and is capable of screening vast amounts of structured, unstructured and semi-structured data. Its AI-powered multi-lingual name matching and entity resolution enable the solution to offer market-leading screening accuracy, efficiency and effectiveness. In addition, over 80% of the platform’s innovative new AI Risk Profiles are enriched with secondary identifiers, which is key to reducing false positives within the data.