LogicGate Wins "Best Risk Management Platform" Designation in 2025 FinTech Breakthrough Awards Program
Prestigious Annual Awards Program Recognizes Outstanding Financial Technology Products And Companies Around the World
CHICAGO, March 19, 2025 /PRNewswire/ -- LogicGate, the modern, enterprise-grade provider of cyber, governance, risk, and compliance solutions, today announced that its Banking Solution has been recognized as winner of the "Best Risk Management Platform" award in the 9th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
LogicGate's Banking Solution, available through the award-winning Risk Cloud platform, provides financial institutions with an interconnected approach to managing threats and compliance changes through a holistic view of their risk exposure. The industry-recognized solution offers these core benefits:
- Regulatory Compliance Solution - In the heavily regulated banking industry, compliance with governing bodies such as the OCC, SEC, CFPB, CFTC, NCUA, BSA/AML, and others is crucial to avoid financial penalties, sanctions, or reputational damage. To remain compliant with the alphabet soup of regulations - Gramm-Leach-Bliley Act (GLBA), CCPA, GDPR, FFIEC, and more - it's imperative to centralize regulatory obligations, automate assessment workflows, and track corrective action status.
- Enterprise Risk Management Solution - Enhance your organization's ability to efficiently identify, assess, and mitigate risks. Part of LogicGate's Enterprise Risk Management Solution includes purpose-built RCSA workflows, streamlining traditionally time-intensive assessment scoping and keeping risk owners on track with automated assessment workflows, reminders, and notifications. Additionally, users can streamline risk assessments by leveraging pre-built assessment templates for frameworks such as CFPB, FFIEC, and OSFI. Get started quickly with pre-configured risk scoring and guidance to assess inherent and residual risk ratings, then instantly create and assign mitigations for critical banking risks.
- Controls Compliance Solution - Banks face unique compliance challenges that require connecting internal controls and frameworks to identify gaps and overlaps. Using predefined mappings across industry-specific frameworks, banks can streamline control activities to comply with frameworks such as NIST CSF, PCI DSS, and SOC 2®. Aligning internal controls with these frameworks improves operational efficiency, ensures audit readiness, and supports the secure management of sensitive financial data.
- Incident Management Workflows - Strengthening risk posture is essential for banks to quickly address incidents that may disrupt operations, affect data security, or infringe on compliance. A centralized incident management program allows banks to log, track, and remediate cyber-attacks, data breaches, or fraud events. By using a single source of truth, institutions can manage incident response across the organization, ensure timely reporting to regulators like the OCC or CFPB, and maintain transparency with stakeholders, including customers and shareholders.
- Policy Management Solution - From drafting, reviewing, and approving policies that comply with regulations like GLBA and the Fair Lending Act to tracking employee attestations, the Policy Management Solution helps you streamline and automate every aspect of your policy management program. Users benefit from quickly identifying and correcting compliance gaps as they emerge and support policy adoption year-round.
- Third-Party Risk ManagementSolution - Assessing a vendor's risk profile against your institution's accepted risk level is vitally important to preserving your brand and customer trust. Leveraging a TPRM solution helps streamline the vendor lifecycle, from onboarding to performing ongoing risk assessments. By automating risk reporting and resolution workflows, banks can ensure vendors meet and uphold their risk standards and that any potential third-party breaches or failures are swiftly resolved, thus protecting the bank's reputation and customer trust.
"We purposely designed this solution with input from financial institutions to provide a holistic strategy to managing enterprise-wide risks, versus a short-sighted point-solution approach. Our customers appreciate the flexibility and scalability of the Risk Cloud platform, and the packaged Banking Solution further helps them centralize data and limit surprises in the ever-evolving banking sector," said Matt Kunkel, Co-Founder and CEO of LogicGate. "It's an honor to receive the 'Best Risk Management Platform' award, and be recognized for our commitment to helping enterprises mitigate risks and take predictive steps to ensuring regulatory compliance and incident resiliency.
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech and many more.
"LogicGate's Banking Solution simplifies regulatory compliance, enhances operational efficiencies, and bolsters risk management for risk and compliance professionals. Whether it's state and federal agencies, third-party operational complexities, data privacy protection, or the sheer amount of cybersecurity risks, it's hard to get a centralized handle on it all," said Steve Johansson, Managing Director, FinTech Breakthrough. "LogicGate exemplifies innovation and sets a new benchmark for risk management, empowering institutions to navigate today's regulatory complexities while remaining prepared for future challenges."
About LogicGate
LogicGate® is a global, market-leading SaaS company empowering customers to effectively manage and scale their cyber risk and control, third-party risk management, compliance controls, enterprise risk, and operational resilience programs. Recognized as one of four leading global GRC platforms, Risk Cloud® is built with usability in mind, including a no-code interface and graph-database management making the technology flexible, agile, and scalable to support various levels of GRC maturity and bolster business outcomes. With an unwavering commitment to fostering business resilience in dynamic landscapes, LogicGate empowers customers to quantify risk, strengthen their security posture, and have visibility into information to create strategic advantages and support business objectives. Learn more about our solutions by visiting www.logicgate.com or join us on LinkedIn.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
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SOURCE LogicGate