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2024 Transatlantic Confidence Index shows vote of confidence in US-UK economic ties amid anxieties over future policy stability and corporate tax levels
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4th edition of the index for 2024 from BritishAmerican Business and Bain & Company emphasises renewed strength of transatlantic trade, business and economic relationshipsUS companies’ confidence in the UK business environment stabilised in 2024, after two consecutive years of steep falls, while UK confidence in the US remains high and stable Companies highlight future policy stability, tax competitiveness, and a strengthening of UK-US trade among top priorities for the future
LONDON, July 24, 2024 /PRNewswire/ — Leading British and American businesses have given a new vote of confidence in the strength of transatlantic ties on trade, business and economic relationships despite an uncertain political context with national elections this year in both the UK and US.
Today’s fourth annual Transatlantic Confidence Index from BritishAmerican Business and Bain & Company shows US companies’ confidence in the UK as a place to do business has stabilised in 2024, after two back-to-back years of sharp drops in sentiment, driven by political and economic turbulence in Britain, with multiple changes of Prime Minister, previous bouts of market turmoil, and the ongoing impact of the UK’s departure from the EU.
With UK companies’ confidence in the US business environment also little changed at high levels, combined British and American business sentiment on the transatlantic economic corridor remains firmly positive, BAB and Bain report. The headline BAB-Bain Transatlantic Confidence Index for 2024 shows a score of 7.1 out of 10, up from 7.0 last year – boosted by the score for US investors’ confidence in the UK ticking up to 6.6, from 6.5 in 2023. The index for UK businesses’ confidence in the US was unchanged at 8.4 out of 10.
In a further signal of the continued, underlying strength of both markets and of the US-UK economic relationship, BAB and Bain note that investors from both sides of the Atlantic report stable or increasing confidence, and plan to maintain or increase investment levels in both countries. The findings suggest a current calming of conditions after a series of major disruptions for both US and UK business in recent years – including the Covid-19 pandemic, resurgent inflation and higher costs of doing business in both nations – as well as pointing to cautious optimism over AI and its potential boost to productivity.
Stable future policies for business seen as critical on both sides of the Atlantic
However, in a cautionary note amid heightened nervousness ahead of November’s US presidential election, the BAB-Bain report highlights a strong focus by companies on both sides of the Atlantic on the need for stable policies – as well as stronger economic collaboration between the two countries.
Survey respondents in the UK rated the importance of UK/US policy stability, regardless of the outcome of elections, at 8.0 (on a 1 to 10 scale) while US respondents scored this at 7.4. Anxieties over policy stability also emerged from the survey’s examination of the two countries’ strengths and weaknesses: respondents raised concerns over political stability and regulatory certainty in the US, and over political stability, as well as talent mobility, in the UK.
Tax competitiveness a high-priority concern for both British and American business
Tax competitiveness also emerged from the survey as a high-priority concern for both British and American businesses. The UK tax environment emerged as a top three priority for more than 70% of US companies surveyed, up from 60% in 2023 – standing out as the only notable adverse shift in sentiment on the UK among US investors in the wake of recent increases in corporate tax and concern over further potential rises. Similarly, in the US, the upcoming review of the Tax Cuts and Jobs Act has provoked worries for UK businesses trading in America, with more than 70% citing a competitive tax environment as a top three priority, also up from 60% in 2023.
For both the UK and US markets, access to capital and to talent were called out by respondents as key strengths, as they have been in prior years’ surveys. UK investors highlighted US strengths in innovation and incentives for R&D investment as important to its attractiveness, while American investors in the UK also pointed to R&D incentives as an important strength for Britain’s business environment.
Transatlantic support for a strengthened UK-US trading relationship remains strong
British and American companies were again united on the need for greater UK-US economic partnership and steps by both governments to bolster the transatlantic trading relationship. 61% of all respondents supported a full free-trade agreement (FTA) between the US and UK, making this the second-highest priority for businesses for the US-UK relationship. Most companies indicated a preference for a full FTA over sectoral trade agreements – while also expressing interest in measures short of a full FTA, such as existing transatlantic dialogues on AI and other technologies.
In addition, US companies in the UK rated the importance of greater economic collaboration with like-minded allies at 8.4, and UK companies in the US at 8.6. Alongside, the survey showed that US confidence in the UK-EU relationship, while still only at moderate levels, rose for a third year in a row, with a score of 6.1 for 2024, up from 5.1 for last year, reflecting recent improvements in UK-EU relations, the report suggests.
Duncan Edwards, CEO, BritishAmerican Business, said: “This year’s results underscore the strong confidence in the transatlantic corridor, which is encouraging news. Companies on both sides of the Atlantic are advocating for increased economic collaboration and policy stability. However, concerns remain over the tax environment and the cost of doing business in both countries. In fact, ensuring tax competitiveness is now the top issue for US investors in the UK. The new Labour government has insisted that growth is one of its biggest priorities and we urge them to create a favourable environment for attracting greater investment from the US.”
Jonathan Frick, partner at Bain & Company in London, said: “The UK-US corridor is a critical foundation for the future prosperity of Britain and America. The vital importance of these relationships is why Bain partnered with BritishAmerican Business on this study for a fourth year in a row.”
“In an era where businesses are dealing with unprecedented disruptions, from geopolitics to the breakneck pace of technological change with AI, at Bain we’re working every day to help clients reinvent their businesses and their strategy to meet this moment. Against that a backdrop of big challenges, it’s greatly encouraging that our findings show the continuing strength of transatlantic business and economic ties, which are more crucial now than ever. At the same time, there are important messages for governments in this year’s results, in terms of the importance for business of stable policies and the need to continue to nurture and build our trading relationship in what is an ever more interdependent world.”
Media contacts
For any questions or to arrange an interview, please contact:
BritishAmerican Business:
Dominic Parker (London) – Tel: +44 7500 115 352 Email: dparker@babinc.org
Bain & Company:
Gary Duncan (London) — Email: gary.duncan@bain.com
Notes to Editors
This is the fourth edition of the Transatlantic Confidence Index issued by BritishAmerican Business and Bain & Company. The index survey measured the confidence of US companies that are active in the UK and of UK companies that operate in the US. When appropriate, data from prior index surveys is referenced for comparison. (UK investors’ confidence in the US was not measured in the inaugural report, so statistics on UK confidence are available only from 2022 onwards.)
A total of 76 companies doing transatlantic business responded to the 2024 survey, including 51 US companies and 25 UK companies. Combined, they employ nearly 320,000 people and represent a range of sectors, including financial services, technology, healthcare, media, telecommunications, and manufacturing.
While many factors influence confidence, our survey focused on overall confidence for investing and trading, short-term investment prospects, and the health of the US-UK relationship overall.
About BritishAmerican Business
BritishAmerican Business is the leading transatlantic trade association incorporating the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and action that protect and enhance the environment for transatlantic trade and investment.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms.
About Bain & Company
Bain & Company is a global consultancy that helps the world’s most ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today’s urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
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NexBank Partners with MaxMyInterest to Expand Customer Relationships Nationwide
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DALLAS and PORTSMOUTH, N.H., Oct. 28, 2026 /PRNewswire/ — NexBank, the banking subsidiary of NexBank Capital, Inc. and the largest privately held bank based in Texas, today announced its partnership with MaxMyInterest (Max), an intelligent cash management service for individual investors and financial advisors.
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Risk Analytics Market worth $54.69 billion by 2031 – Report by MarketsandMarkets™
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October 28, 2026By
DELRAY BEACH, Fla., Oct. 28, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Risk Analytics Market is projected to grow from USD 35.68 billion in 2026 to USD 54.69 billion by 2031, at a CAGR of 8.9% during the forecast period.
Browse 350 market data Tables and 75 Figures spread through 420 Pages and in-depth TOC on ‘Risk Analytics Market – Global Forecast to 2031’
Risk Analytics Market Size & Forecast:
Market Size Available for Years: 2021–20312025 Market Size: USD 31.61 billion2026 Market Size: USD 35.68 billion2031 Projected Market Size: USD 54.69 billionCAGR (2026–2031): 8.9%
Risk Analytics Market Trends & Insights:
The market is driven by increasing adoption of predictive analytics, artificial intelligence, machine learning, quantitative risk modeling, fraud detection, stress testing, and integrated risk management platforms across banking, insurance, capital markets, and other industries.Software is estimated to account for 37.2% of the Risk Analytics Market in 2026.The technology risk segment is expected to register the fastest growth of 11.4% CAGR between 2026 and 2031.The healthcare & life sciences segment is expected to be the fastest-growing segment across the forecast period.North America is estimated to account for the largest regional share of 37.01% in 2026.
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The expansion of the Risk Analytics Market is influenced by various factors, including the growing frequency and complexity of global risks, the increasing demand for efficient decision-making tools in companies, and technological advancements like artificial intelligence (AI) and machine learning (ML). Organizations across sectors such as finance, healthcare, and manufacturing are using risk analytics to anticipate potential disruptions and ensure regulatory compliance. The growing reliance on big data, combined with the rise in IoT devices, has expanded the volume of data available for analysis, enabling more precise risk evaluations. Moreover, rising cyber threats, coupled with demand for robust cybersecurity strategies, are driving the need for risk management solutions. Additionally, the evolving landscape of climate-related risks and natural disasters is prompting organizations to integrate climate risk models into their assessments. Together, these factors underscore the need for comprehensive, timely risk management strategies, making risk analytics an essential resource in today’s business landscape.
By software type, the Governance, Risk, and Compliance (GRC) software segment is expected to account for the largest market share during the forecast period (2026–2031).
Governance, Risk, and Compliance (GRC) software dominates the Risk Analytics Market because it helps organizations meet stringent regulatory demands and follow internal policies. GRC software is designed to ensure that organizations operate within legal and ethical boundaries while minimizing compliance risks. As regulations grow more complex and sector-specific across regions, businesses increasingly adopt GRC solutions to automate compliance monitoring, maintain audit readiness, and ensure transparency. These systems provide real-time tracking and reporting, enabling organizations to quickly detect non-compliance or policy breaches and implement corrective measures. Moreover, GRC platforms can consolidate and standardize compliance processes across departments, improving efficiency and reducing the risk of human error. As firms face rising costs from regulatory fines and reputational damage, the importance of robust GRC systems continues to grow, reinforcing their dominance in the risk analytics sector.
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By risk type, strategic risk is projected to grow at the second-fastest rate in the Risk Analytics Market during the forecast period.
Strategic risk analytics is expected to gain importance as organizations address uncertainties related to market dynamics, competitive positioning, business diversification, and long-term sustainability. Increasing market volatility and interconnected business environments are driving the need to assess risks from market concentration, new product development, and expansion into unfamiliar markets. Digital transformation, evolving business models, and platform-based strategies also introduce interconnected risks that require systematic assessment and monitoring. Strategic initiatives such as mergers, partnerships, and business expansion can also expose organizations to financial, operational, and competitive uncertainties. Risk analytics supports these activities by enabling scenario analysis, predictive modeling, and data-driven evaluation of potential outcomes. These capabilities help organizations assess the implications of strategic decisions, identify emerging threats, and align risk management practices with business objectives.
By region, North America is estimated to account for the largest share of the Risk Analytics Market in 2026.
Regional demand is supported by the adoption of risk analytics across banking, insurance, healthcare, and other industries. Organizations in the region use these solutions for credit risk assessment, fraud detection, regulatory compliance, cybersecurity risk monitoring, and operational risk management. Regulatory frameworks, including Basel III and the Dodd-Frank Act, contribute to demand for risk measurement, reporting, and compliance solutions in the financial sector. The integration of artificial intelligence, machine learning, big data analytics, and cloud computing is expanding the application of risk analytics in risk identification, predictive modeling, and decision-making. The presence of established technology providers, financial institutions, and specialized analytics vendors also contributes to the development and adoption of risk analytics solutions across the region.
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Top Companies in Risk Analytics Market:
The Top Companies in Risk Analytics Market are Marsh McLennan (US), Aon (England), Deloitte (UK), Capgemini (France), Moody’s Analytics (US), IBM (US), Oracle (US), FIS (US), Lockton (US), SAS Institute (US), MetricStream (US), Milliman (US), and Protiviti (US).
Risk Analytics Market – Investment & funding + Merger & Acquisition
Investment And Funding Context
Investment activity in the Risk Analytics Market is increasingly focused on credit risk modeling, predictive analytics, regulatory compliance, fraud detection, and AI-enabled risk intelligence. In August 2026, ICRA Limited launched ICRA Risk & Analytics, bringing together ICRA Analytics, Fintellix, and D2K Technologies after completing acquisitions totaling USD 30.65 million. The platform was designed to address risk management, regulatory compliance, and data management requirements for financial institutions, regulators, and corporates.
Technology development and strategic collaborations also remained important in 2026. In April 2026, Moody’s announced the integration of its credit intelligence and analytical capabilities into Microsoft 365 Copilot workflows, expanding access to credit ratings, research, entity data, and related risk intelligence. In August 2026, Moody’s also announced that its intelligence was available through Google Cloud’s Gemini Enterprise for Financial Services. These developments show investment in integrating risk analytics with enterprise AI platforms rather than relying solely on standalone analytical systems.
Revenue Shift Context
Revenue generation in the Risk Analytics Market spans software subscriptions, analytical data, risk models, regulatory reporting solutions, and advisory services. Financial institutions and enterprises use these capabilities for credit assessment, market risk measurement, portfolio monitoring, fraud detection, and compliance management. In July 2026, FICO reported third-quarter fiscal 2026 revenue of USD 674.2 million, including USD 215.3 million from its Software segment, which covers analytics and digital decisioning technology. The company’s reported results demonstrate the commercial importance of software-based analytics and decisioning, although its total revenue also includes scoring solutions and should not be treated as Risk Analytics Market revenue alone.
Insurance-focused analytics also represents an important revenue source for providers serving property, casualty, and catastrophe risk applications. Verisk reported USD 806 million in revenue for the second quarter of 2026, up 4.3% year over year. However, this figure reflects company-wide revenue rather than revenue attributable exclusively to risk analytics. Accordingly, company financial results should be distinguished from revenue generated specifically within the Risk Analytics Market when evaluating competitive positions.
Mergers & Acquisitions
Direct mergers and acquisitions among pure-play risk analytics vendors remain selective, while strategic acquisitions and partnerships help companies expand their capabilities in risk modeling, financial data analytics, regulatory compliance, fraud detection, and enterprise risk management. Transactions and integrations in this market can strengthen proprietary data assets, analytical models, risk intelligence, and software capabilities. Companies also use acquisitions to expand their coverage of credit risk, insurance risk, operational risk, and regulatory reporting, enabling them to serve a broader range of financial institutions and enterprises.
Recent examples illustrate this trend. In July 2026, Moody’s expanded its partnership with Intapp by integrating credit risk assessments, entity screening, and ownership data into Intapp’s Celeste AI platform, supporting risk evaluation and due diligence workflows. In April 2026, Cartan Trade partnered with Moody’s to incorporate credit risk data, default-risk insights, beneficial ownership information, and media monitoring into its platform through APIs, supporting underwriting and credit-limit monitoring. In September 2026, Moody’s and Euler ILS Partners signed a multi-year agreement to use catastrophe risk models, cyber risk models, and exposure datasets for underwriting, portfolio management, and investment decisions in insurance-linked securities. These developments demonstrate how partnerships and integrations can expand access to risk intelligence, strengthen analytical workflows, and support risk assessment across credit, insurance, and catastrophe-related applications.
RISK ANALYTICS MARKET: MERGERS AND ACQUISITIONS, JANUARY 2026–OCTOBER 2026
Month & Year
Deal Type
Company 1
Company 2
Description
October 2026
Product Collaboration
Moody’s Analytics
Allvue Systems
The companies launched the EDF-X Private Credit Model, combining Moody’s credit risk modeling with Allvue’s private credit performance data to identify early indicators of borrower stress.
August 2026
Platform Launch Following Acquisitions
ICRA Limited
Fintellix and D2K Technologies
ICRA launched ICRA Risk & Analytics after completing acquisitions totaling INR 296.2 crore, consolidating its analytics, risk, and technology businesses under one platform.
August 2026
Strategic Integration
Moody’s
Google Cloud
Moody’s made its credit ratings, research, entity information, and risk intelligence available through Gemini Enterprise for Financial Services using its Credit Model Context Protocol server.
July 2026
Acquisition
Verisk
McKenzie Intelligence Services
Verisk announced the acquisition of McKenzie Intelligence Services to strengthen catastrophe preparation and response capabilities using geospatial intelligence and event-related analytics.
April 2026
Strategic Partnership / Integration
Moody’s
Microsoft
Moody’s expanded the integration of its credit intelligence, research, entity data, and analytical workflows into Microsoft 365 Copilot and related AI-powered enterprise tools.
Company Revenue Share Details
The top five companies account for approximately 32.6% of the Risk Analytics Market in 2025. The leading group comprises Marsh McLennan, Aon, Deloitte, Lockton, and Moody’s Analytics, reflecting their established presence across enterprise risk management, financial risk analytics, risk advisory, insurance analytics, and regulatory compliance. The leading companies differentiate themselves through their risk modeling capabilities, proprietary data assets, predictive analytics, credit risk assessment, and integration with enterprise risk management workflows. Marsh McLennan and Aon provide risk advisory and insurance-related analytics, while Deloitte and Lockton support organizations through risk consulting, exposure assessment, and mitigation strategies. Moody’s Analytics specializes in financial risk intelligence, credit risk modeling, economic forecasting, and stress testing. Other providers, including FICO, Verisk Analytics, SAS Institute, Oracle, and IBM, contribute to the competitive landscape through capabilities in credit scoring, insurance risk analytics, statistical modeling, and enterprise risk management.
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ManpowerGroup Elects Lidia Fonseca to its Board of Directors
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October 28, 2026By
MILWAUKEE, Oct. 28, 2026 /PRNewswire/ — ManpowerGroup (NYSE: MAN) today announced the election of Lidia Fonseca, former Executive Vice President and Chief Digital and Technology Officer at Pfizer, to its Board of Directors, effective November 1, 2026.
“Lidia brings a rare combination of technology leadership, business transformation experience and a clear understanding of how AI can create value at scale,” said Jonas Prising, ManpowerGroup Chair & CEO. “Her strategic perspective, operational expertise and track record of leading change strengthen our ability to evolve the business and advance our transformation strategy. We are pleased to welcome her to our Board.”
Fonseca served as Chief Digital and Technology Officer and Executive Vice President of Pfizer from January 2019 to April 2026, leading the company’s enterprise AI, digital, data and technology strategy, as well as Learning & Development, and Business Process Excellence. She built Pfizer’s enterprise AI program from inception, and scaled it across the enterprise, contributing to significant growth and cost savings. She currently serves as Senior Advisor to Pfizer’s Chief Executive Officer and serves on the Board of Directors of Medtronic plc.
Previously, Fonseca spent a decade in diagnostics as Senior Vice President and Chief Information Officer of Quest Diagnostics and, earlier, of LabCorp. She began her career in operations and executive leadership roles at Philips Healthcare. Fonseca holds a bachelor’s degree from the University of California, Berkeley, and an MBA and a Master of Business Informatics from Rotterdam School of Management at Erasmus University.
ABOUT MANPOWERGROUP
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World’s Most Ethical Companies for the 17th time; all confirming our position as the brand of choice for in-demand talent.
For more information, visit www.manpowergroup.com, or follow us on LinkedIn, Facebook, and Bluesky.
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