Nasdaq's Remarkable Leap in RiskTech100 Rankings
In an exciting announcement, Nasdaq has officially risen to 5th place in the highly regarded RiskTech100 global ranking, an accomplishment that follows its strategic launch of a Financial Technology division. This impressive milestone is especially notable as it approaches the one-year mark since Nasdaq’s acquisition of Adenza, which has significantly bolstered its capabilities in the financial technology sector.
Acknowledging Excellence in Financial Technology
The company’s recognition does not end with the ranking; Nasdaq has also secured two prestigious awards for its outstanding contributions to financial crime management and regulatory reporting technology. These accolades underscore Nasdaq's commitment to innovation and excellence, proving that its recent enhancements to service delivery are not only recognized but celebrated within the industry.
Nasdaq’s leap in the rankings reflects a powerful integration of advanced technology and industry expertise, allowing the organization to support over 3,500 banks, brokers, regulators, central banks, financial infrastructure operators, and other entities in navigating their operational challenges effectively.
The Power of Nasdaq's Technology Division
The RiskTech100 ranking is widely considered the most comprehensive independent analysis of risk management technology providers worldwide. In the previous year, Nasdaq held the #18 position, while Adenza secured the #10 spot. The collective strength derived from these two entities notably propelled Nasdaq into the top five of this year’s prestigious ranking.
"This is a remarkable achievement less than one year into the integration," remarked Tal Cohen, President of Nasdaq. He emphasized that the financial services industry continually faces mounting challenges ranging from regulatory pressures to sophisticated financial crime. Nasdaq's dedication to providing reliable and insightful partnership solutions stands out during this demanding transition period.
Strengthening the Financial Landscape
Sid Dash, Chief Researcher at Chartis Research, expressed that Nasdaq’s impressive acquisitions have created a robust framework that covers the entire transaction lifecycle. This comprehensive expertise has elevated Nasdaq’s standing in the risk technology sector. It positions Nasdaq as a vital player, reinforcing its promise to deliver sustainable technologies that enhance transaction efficiency and mitigate risks.
Essential Technology Portfolio
Nasdaq’s Capital Markets Technology serves as an essential backbone for clients' capital market operations. The technology supports over 130 financial market operators globally, making it one of the largest infrastructures supplying technological solutions to the financial markets.
Among its extensive suite of offerings, Nasdaq Calypso shines as a universally adaptable platform that integrates trading, clearing, risk management, and post-trade processing functionalities, particularly excelling in over-the-counter (OTC) products.
Furthermore, Nasdaq’s Regulatory Technology solutions play a critical role in fostering integrity within the global financial system as they help clients adhere to myriad regulatory mandates amidst an evolving landscape.
Recognized Innovations and Successes
Among its notable technological advancements, Nasdaq AxiomSL stands out as a comprehensive regulatory reporting platform. It empowers clients across 55 countries to comply with the demands of 110 different regulators. Additionally, Nasdaq’s trade surveillance technology helps firms identify and prevent market abuses, reinforcing the security of trading environments.
With a staggering 97% adoption rate among globally significant banks and servicing nearly half of the world's top 25 stock exchanges, Nasdaq dramatically impacts the daily operations of the global financial ecosystem.
Award-Winning Services
Alongside the boost in ranking, Nasdaq has achieved incredible recognition for its services, notably winning two awards from Chartis: Managed Services in Financial Crime and Regulatory Reporting related to Markets and Securities. The award for Managed Services in Financial Crime underscored the leadership of Nasdaq Verafin in the fields of anti-money laundering and fraud detection.
The Regulatory Reporting award applauded Nasdaq’s capabilities in multi-jurisdictional reporting through AxiomSL, applauding its adaptability to complex regulatory environments.
About Nasdaq
Nasdaq stands as a premier global technology firm, aiding corporate clients, investment managers, banks, and brokers in effectively engaging with the global capital markets. The company aspires to deliver innovative platforms designed to enhance liquidity, transparency, and resilience within the global financial environment. With a diverse portfolio comprising data, analytics, software, and client services, Nasdaq enables clients to confidently execute their business objectives.
For further inquiries regarding technology solutions or career opportunities, Nasdaq can be explored through its social media platforms on LinkedIn and X @Nasdaq.
Contact Information:
Nasdaq Media Contact:
Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com
Frequently Asked Questions
What recent recognition has Nasdaq received?
Nasdaq recently achieved 5th place in the RiskTech100 global ranking and received awards for its financial crime management and regulatory reporting technology.
What does Nasdaq’s Financial Technology division offer?
This division focuses on easing operational challenges for financial institutions through advanced technology solutions and deep industry expertise.
How does Nasdaq support financial regulatory compliance?
By providing robust regulatory technologies such as AxiomSL, Nasdaq helps clients comply with a wide range of international regulations effectively.
Who benefits from Nasdaq's technology solutions?
Over 3,500 companies, including banks, brokers, and market regulators, utilize Nasdaq's technology to optimize their operational processes.
What accolades has the Nasdaq Verafin platform received?
Verafin has been recognized for its comprehensive anti-money laundering and fraud detection solutions, earning accolades for its leadership in financial crime management.
