Empyrean Solutions Wins Two Chartis RiskTech100 Category Awards
Chartis Research honored Empyrean Solutions in Financial Planning & Budgeting and Profitability Analytics in Banking categories.
Empyrean Solutions, a Woburn, Massachusetts-based provider of financial risk management and performance software for banks and credit unions, has received two category awards from Chartis Research's annual RiskTech100® rankings, the company announced Thursday.
The two distinctions cover Financial Planning & Budgeting and Profitability Analytics in Banking — areas that have grown increasingly critical as depository institutions face tighter margins and heightened regulatory scrutiny. The RiskTech100® is among the financial technology industry's most closely watched benchmarking studies, evaluating vendors on functionality, market presence, and client adoption.
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Empyrean positions itself as a specialist in integrated planning and risk solutions tailored specifically to community and regional banks and credit unions, a segment of the market that often requires more configurable tools than those offered by large enterprise vendors. Recognition in two distinct analytical categories signals breadth across both forward-looking budgeting functions and backward-looking performance measurement.
Chartis Research conducts its RiskTech100® evaluation through a combination of vendor submissions, client interviews, and independent analyst assessment, making a dual-category placement a notable competitive differentiator for firms competing for technology budgets at financial institutions.
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