January 15, 2015
Thomson Reuters Positioned as a Leader in Gartner's 2014 Magic Quadrant for Operational Risk Management for its Accelus Risk Manager solution
NEW YORK – Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its Accelus Risk Manager solution has been positioned by Gartner, Inc. in its Leaders Quadrant of the “Magic Quadrant for Operational Risk Management”* report.
This is the first year that Gartner has presented a Magic Quadrant for Operational Risk Management (ORM) systems, and Thomson Reuters believes that this is due to the growing importance of ORM practices and organizations’ increasing need to meet compliance and regulatory requirements. The Magic Quadrant represents a global view of Gartner’s assessment of software vendors that might be considered by organizations seeking a solution to support an enterprise-wide understanding of risk for day-to-day business activities.
Thomson Reuters Accelus Risk Manager is a powerful, user-friendly solution for understanding, analyzing, and acting on operational and enterprise risk information. Accelus Risk Manager enables organizations to capture information such as incidents, indicators, assessment responses and scenario analysis data. It provides executives information through the lens of their organization’s structures and reporting lines, so that the cause and effect of ‘a risk’ can be fully understood. As well, risk data can power stress tests, Basel II capital modeling, and scenario analysis.
Thomson Reuters was placed in the Magic Quadrant for its Accelus Risk Manager solution after being evaluated on its completeness of vision and ability to execute.
“We are extremely pleased to be evaluated and positioned as a category leader in Gartner’s Magic Quadrant for Operational Risk Management systems,” said Phil Cotter, managing director, head of Risk, Thomson Reuters. “Last year saw an increased focus on improving the measurement and management of operational risk by regulators as well as organizations, and we expect 2015 to be no different. We feel this positioning, along with the report’s reflection of our ‘ability to execute’ and ‘completeness of offering,’ is recognition of our commitment to providing clients with the most robust solutions available in order to aid in their risk management processes.”
Thomson Reuters Accelus connects business transactions, strategy and operations to the ever-changing regulatory environment, enabling firms to manage business risk. A comprehensive platform supported by a range of applications and trusted regulatory and risk intelligence data, Accelus brings together market-leading solutions for governance, risk and compliance management, global regulatory intelligence, financial crime, anti-bribery and corruption, enhanced due diligence, training and e-learning, and board of director services.
About the Gartner Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
*Gartner, Magic Quadrant for Operational Risk Management, John A. Wheeler, Paul E. Proctor, 15 December 2014.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com/.