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BUSINESS • 11/10/2024 05:15 PM

MCO Climbs Up Chartis Research RiskTech 100 Rankings

KUALA LUMPUR, Oct 11 (Bernama) -- Global compliance software provider MyComplianceOffice (MCO) announced it has climbed to number 44 on the RiskTech100 2025 list of the world's top risk and compliance technology solutions, after being listed among them once again by global research and analysis firm Chartis Research.

“We are thrilled to be acknowledged as an industry leader in the global risk and compliance technology marketplace through the rigorous Chartis benchmarking and assessment process.

“As a company we will continue to focus on innovation so we can keep delivering better compliance to our client firms, enabling them to ensure that policies and procedures are effectively implemented and monitored, and regulatory compliance is maintained across the firm,” said its Chief Executive Officer, Brian Fahey in a statement.

MCO helps firms with even the most complex regulatory obligations gain more efficient and effective compliance management while enabling cross-surveillance of the company’s employee activities, transactional conflicts of interest, and third-party relationships on a single platform with a single source of data.

In August this year, MCO announced the acquisition of Pythagoras Solutions, strengthening its third-party compliance capabilities and adding Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions.

It was also recently recognised by Chartis as a category leader in the 2024 RiskTech Quadrants for Conduct Risk and Control Solutions and Enterprise governance, risk management and compliance (GRC) Solutions, noting that “in a crowded GRC ecosystem, MCO has distinguished itself with an architecture and go-to-market (GTM) approach anchored by scalability”.

The Chartis RiskTech100 is a comprehensive independent study of the world's major players in risk and compliance technology.

Rankings are based on functionality, core technology, strategy, customer satisfaction, market presence and innovation, and focus on solutions, industry segments and success factors.

-- BERNAMA

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