LONDON and MIAMI, Oct. 19, 2015 /PRNewswire/ -- As a rising star in the industry, Global RADAR® has been recognized as the top Risk and Compliance Solution Provider and will be featured this Fall in the November 2015 issue of Banking CIO Outlook magazine. Global RADAR® has been identified as a leader for becoming the premier solution that can meet the complex needs of organizations in the financial services sector.
"We are proud to be selected as a leader of risk and compliance solutions," says Dominic Suszek, President and CEO of Global RADAR®. "Our mission has been to deliver a simple, yet powerful application that provides a comprehensive approach to AML compliance. Being recognized for our efforts is very rewarding."
The demand for Global RADAR® has been steadily growing as organizations around the world are under mounting pressure to ensure compliance with regulatory requirements. This pressure comes from increasingly extensive audit costs and multi-million dollar fines. With over $7.2 billion in fines levied against organizations in just the last two years, having the right solution is a critical component of an effective compliance program. Global RADAR® has spent the last ten years perfecting their solution to meet the evolving requirements of organizations and their regulators globally.
"Global RADAR has been making great strides in the risk and compliance space. Their extensive experience and innovative solutions make them a frontrunner in this arena and we are happy to showcase them this year," said James Robertson, Managing Editor, Banking CIO Outlook. "Global RADAR's solutions continue to break new ground, benefiting financial institutions around the globe. We are excited to feature them in our risk and compliance special."
Suszek added "As a frontrunner in this space, we've identified that an effective compliance program consist of four pillars. The first pillar, Client On-boarding and Customer Due Diligence has been the cornerstone of Global RADAR from the beginning. Over time, the solution evolved to include a second pillar, Document Management, a third pillar, Watch List Screening and the final fourth pillar, Transaction Surveillance. All are required to complete the foundation of a solid compliance program."
For more information about Global RADAR® please visit www.globalradar.com
About Banking CIO Outlook Magazine
Banking CIO Outlook is a vast portal for professionals to access information regarding the trends, opinions and relevant discussions pertaining to challenges faced by the Banking Industry. In an era where technology is dictating challenges, this monthly magazine, published from Fremont, California features CIOs, ITVPs, CTOs and other decision makers with their opinions and suggestions that is helping clients deal with the issues in the banking industry. The magazine circulation consists of 45,000 subscribers, 60 percent of which are involved in the business process and compliance area.
About Global RADAR®
Global RADAR® is an established software provider in the financial services sector. With a singular focus on risk management and compliance, Global RADAR is an innovative leader providing a premier solution to clients globally. Our team of compliance professionals and software engineers are located in eight strategically placed offices globally to maintain a leading software solution and support client needs across many time zones.
With corporate offices in London and Miami, Global RADAR® serves clients in the US, Europe, Canada, Central and South America, the Caribbean and Malaysia.
For more information visit www.globalradar.com or contact call US 1.877.265.7475 or UK 0.20.8618.2216.
SOURCE Global RADAR