18 May 2016
FRAMINGHAM, Mass., May 18, 2016 – International Data Corporation (IDC) has published its 2016 IDC Innovators report recognizing pioneering players in the U.S. financial compliance and risk analytics market. IDC Innovators are companies with under $50 million in revenue that offer an inventive technology and/or groundbreaking new business model.
FirstRain, Quid Intelligence Platform, and Recorded Future were all named as IDC Innovators in the U.S. financial compliance and risk analytics market for 2016.
"Financial firms remain under pressure from regulators to improve the effectiveness of their compliance and risk management analysis and reporting," said Bill Fearnley, research director, Compliance, Fraud and Risk Analytics at IDC Financial Insights. "To stay ahead of bad actors and improve their compliance and fraud detection programs, financial firms are increasing investments in analytics tools and new sources and types of data."
For example, firms use the FirstRain Business Web Graph, fact extraction, and event detection to know their customers better and gain new insights into their customers and operations, as well as financial services compliance (e.g., Know Your Customer and Customer Due Diligence). The Quid Intelligence Platform accesses and aggregates data from a wide variety of sources and advanced analytics to help firms discover connections between narratives, individuals, and entities that can lead to actionable ideas. Recorded Future analyzes over 700,000 Web sources and updates its Web intelligence platform in real time to help firms analyze security and fraud threats to their worldwide operations.
IDC Innovators: U.S. Financial Compliance and Risk Analytics (Doc #US41107416) profiles select companies in the U.S. financial compliance and risk analytics market with an innovative technology or a groundbreaking new business model or both. The IDC Innovators research document examines companies with revenue of less than $50 million with a product, service or business model with a specific use case.
About IDC Innovators Research
IDC Innovators reports present a set of vendors chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
For more information about IDC Innovators research, please contact Karen Moser at email@example.com.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.