Bottomline Technologies Recognized as Top 100 RiskTech Company
PORTSMOUTH, N.H. – March 9, 2016 – Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions, has been named a top 100 global provider of risk and compliance technologies on the 2016 Chartis RiskTech100® report.
Now in its 10th year, the RiskTech100® is globally acknowledged as the most comprehensive study of the world’s most significant risk and compliance technology companies.
The threat to cyber security is growing exponentially. In the past year alone, 75% of companies have fallen victim to a fraud incident according to the Kroll Global Fraud Report.
Chartis estimates the global expenditure on risk and compliance technology to be in excess of $100 billion in 2016.
Bottomline offers a variety of Cyber Fraud and Risk Management solutions that earned the company its position on this prestigious list, including anti-money laundering, compliance monitoring and management and enterprise case management. These solutions:
- Provide organizations with the unique ability to non-invasively monitor, replay and analyze user behavior across multiple channels, and instantly flag and stop suspicious activity
- Create accountability by recording and analyzing each keystroke and screen view, reducing the risk of theft, information leakage, internal fraud and payments fraud, as well as decreasing the cost of regulatory compliance.
In addition, case management capabilities centralize risk management, speed investigations and facilitate compliance with regulations pertaining to Anti-Money Laundering (AML), the Health Insurance Portability and Accountability Act (HIPAA) and Know Your Customer (KYC).
“Security is a daily worry for organizations. We’re committed to helping eliminate that worry from their to-do list so they can focus on the core nature of their business” said Rob Eberle, CEO of Bottomline Technologies. “We are delighted to be recognized as one of the leading RiskTech companies in the world and this achievement underscores our commitment to our customers.”
About Bottomline Technologies:
Bottomline Technologies (NASDAQ: EPAY) helps make complex business payments simple, smart, and secure. Corporations and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH, Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific. For more information visit www.bottomline.com.
Bottomline Technologies, Paymode-X and the BT logo are trademarks of Bottomline Technologies (de), Inc. which are registered in certain jurisdictions. All other brand/product names are trademarks of their respective holders.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements reflecting our expectations about our ability to execute on our growth plans. Any statements that are not statements of historical fact (including but not limited to statements containing the words “believes,” “plans,” “anticipates,” “expects,” “look forward”, “confident”, “estimates” and similar expressions) should be considered to be forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors including, among others, competition, market demand, technological change, strategic relationships, recent acquisitions, international operations and general economic conditions. For additional discussion of factors that could impact Bottomline Technologies' operational and financial results, refer to our Form 10-K for the fiscal year ended June 30, 2014 and the subsequently filed Form 10-Q’s and Form 8-K’s or amendments thereto. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.