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Best Financial Risk Management Software

April 2024

Financial risk management software are products focused on identifying and measuring the amount of investment risk. Before making a conscious decision about their assets, investors must put their trust in tools that analyze market opportunities and highlight the best possible occasions. That’s why portfolio risk management software is so valuable but also put under scrutiny. Investors trust, but also verify.

What is financial risk management software?

This type of product is designed to help investment firms generate value for shareholders. They identify hedging opportunities to manage risk. To do that, the software analyzes scenarios, creates reports about them, and runs scenario simulations. The outcome is a set of the best possible investment opportunities through the market’s financial instruments.

Financial risk management software companies are tested based on the quality of recommendations, so the level of precision and algorithms should always be spotless.

What can be called portfolio risk management software?

To qualify for that category, an investment risk management software should:

  • allow risk exposure analysis for many different types of assets
  • generate risk reports
  • create simulations of investment scenarios

It would also be best if that type of software could also aim at risk management roadmapping. If despite all efforts, a particular investment turns into a flop, a financial risk analytics software could provide a scenario for mitigating losses.

A truly best investment risk management software simplifies the analysis and provides opportunities to grow return on investment (ROI).

Other useful features of best financial risk management software

 These features can be useful for investors:

  • treasury management
  • fraud detection
  • payments monitoring
  • supply chain monitoring
  • portfolio modelling
  • asset attribution
  • performance drivers
  • risk-over-time simulations
  • portfolio stress testing

Either way, financial risk analytics software should be as precise as possible. It doesn’t hurt to be versatile, but it should be useful in the first place. And that means a data-driven design, which starts with research and development. If you want to create a similar product, think about starting there.

51

FiREapps

50-249 Employees
Scottsdale, United States
Est. 2005
Kyriba acquires enterprise currency management leader FiREapps to create a highly advanced, end-to-end solution for reducing global foreign exchange risk.
Specialities
  • Foreign Exchange Exposure Management
  • Currency Risk Analytics
  • Treasury Technology
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52

LenddoEFL

50-249 Employees
Singapore, Singapore
Est. 2010
At LenddoEFL, our vision is to provide life-changing financial products to more than one billion underserved individuals around the world. We believe that financial inclusion isn’t simply about access to financial products, but about access to fast, affordable, and convenient financial products. And we believe in empowering people to use their their digital profiles and personality traits to increase their financial options.
Specialities
  • Financial Education
  • Microfinance
  • Social Networks
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53

LoanHD

50-249 Employees
Jacksonville, United States
Est. 2005
LoanLogics is a residentail mortgage solution that helps validate compliance, manage profitability and risk during the manufacture, sale and servicing of loan assets.
Specialities
  • Loan Quality Management
  • Data and Document Processing
  • Correspondent Loan Acquistion
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54

Moneyfarm

50-249 Employees
London, United Kingdom
Est. 2011
Moneyfarm is a digital wealth management company. They provide the best solutions and support to protect and increase your wealth through time.
Specialities
  • Asset Allocation
  • Wealth Management
  • Investments
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55

MyRIACompliance

50-249 Employees
New York, United States
Est. 2005
We provide monthly ongoing RIA compliance support to over 1,800 registered investment adviser (“RIA”) firms. Our RIA compliance software packages provide access to the industry-leading MyRIACompliance® online RIA compliance software platform.
Specialities
  • Compliance
  • Software
  • Cybersecurity
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56

Novus

50-249 Employees
New York, United States
Est. 2007
Novus seamlessly integrates with your custodian banks, fund administrators or portfolio management systems.
Specialities
  • Hedge Funds
  • Investing
  • Data
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57

OmniLytics Risk Analytics ALM, A NXTsoft Solution

50-249 Employees
Birmingham, United States
Est. 2017
OmniLytics Risk Analytics ALM is a proven, well-validated interest rate risk measurement and reporting solution that allows financial institutions to meet regulatory requirements using instrument level data. Our data capture process is designed for efficiency and accuracy. With a robust data conversion and validation process, most modeling data can be imported and then validated in a matter of minutes. NXTsoft’s OmniLytics ALM has solutions for all sizes and complexities.
Specialities
  • Risk Analytics
  • Credit Unions
  • Financial Software
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58

Open Lending

50-249 Employees
Austin, United States
Est. 2000
Lenders Protection is a risk management program featuring default insurance coverage for near/non-prime automobile loans. Lenders Protection allows financial institutions and other automobile lenders to model their specific overhead and funding costs and set a target ROA for their insured portfolio. The result is a profitable auto loan portfolio with carefully managed pricing and risk characteristics.
Specialities
  • Loan Analytics
  • Risk-based Pricing
  • Automated Decision Technology
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59

PrimeXM

50-249 Employees
Limassol, Cyprus
Est. 2010
PrimeXM is a leading technology provider to the global finance industry. They connect clients to hundreds of liquidity providers globally across an ultra-low latency network, supported by institutional grade infrastructure.
Specialities
  • Risk Management
  • Liquidity Aggregation
  • Financial Technology Providers
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60

Reis™ Risk and Compliance Suite

50-249 Employees
Tunis, Tunisia
Est. 2007
Reis™ RCS is the one-stop-shop for AML technologies (https://www.vneuron.com/compliance/). Through its integrated capabilities, Reis™ RCS brings an immediate response to financial institutions aiming to deploy a comprehensive, modern, and customizable AML solution. Please find below its major modules, features, and capabilities: -Full KYC lifecycle and onboarding approval automation -PEP/Sanctions Screening with online and batch features with built-in integration to major Compliance content providers (Refinitiv and Dow Jones) -Risk-Based Approach engine and automatic customer risk scoring and classification based on a configurable risk matrix Real-time payments and remittance transaction screening -AML Transaction monitoring and profiling In addition to these capabilities, Reis™ RCS is provided with an integration workbench which allows it to connect with a widespan of IS generations: Modern and API-based systems to legacy ones.
Specialities
  • Artificial Intelligence
  • Data Analytics
  • Document Management System
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61

Rich Data

50-249 Employees
North Sydney, Australia
Est. 2016
Our AI-native credit risk management platform provides deeper insight into borrower behaviour, enabling faster and more accurate decisions that empower confident lending to new and underserved segments. Think growth, safely.
Specialities
  • Risk Management
  • Lending
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62

Riskalyze

50-249 Employees
Auburn, United States
Est. 2011
Riskalyze is transforming the industry by empowering investment advisors to capture a quantitative measurement of client risk tolerance, and use that data to win new clients, capture and meet expectations and quantify suitability.
Specialities
  • Advisor Solutions
  • Risk Profiling
  • Risk Tolerance
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63

Shield

50-249 Employees
Tel Aviv, Israel
Est. 2018
Shield is a leading RegTech startup, focusing on employee communications data management, supervision, and compliance for regulated financial institutes and other highly regulated enterprises. Shield utilizes AI, Natural Language Processing, and Visualization capabilities to automate and orchestrate the complete employee communications compliance lifecycle. From Capture, retention, enrichment through analytics and AI-powered proactive surveillance to mitigate risk, reduce operational costs, and make employees monitoring efficient and ROI driven. Leading, global financial institutes have adopted Shield’s technology and are seeing significant regulatory readiness and operational efficiency improvements.
Specialities
  • Artificial Intelligence
  • Financial Services
  • Data Integrity
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64

SnapFlux

50-249 Employees
Schindellegi, Switzerland
Est. 1994
SnapFlux is a risk management software, for compliance analysis or other back office applications.
Specialities
  • IT Service Management
  • Market Data Consulting
  • Business Monitoring Solutions
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65

StarCompliance

50-249 Employees
Rockville, United States
Est. 1999
Trusted globally by enterprise financial institutions, the user-friendly STAR platform empowers organizations to achieve regulatory compliance while safeguarding their integrity and business reputations. Through a customizable, 360-degree view of employee activity, the STAR software enables firms to automate the detection and resolution of potential areas of conflict while streamlining daily workflows and increasing efficiency. The STAR software is for managing, preventing, detecting, reporting, enforcing, and resolving employee conflicts and risk surveillance activities.
Specialities
  • Insider Trading
  • Political Activity
  • Private Investments
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66

Surveyor

50-249 Employees
New York, United States
Est. 2003
Surveyor is a post trade surveillance tool designed to detect and eliminate market manipulation. Surveyor minimizes false positives and provides the most accurate alerts in the world by leveraging full depth-of-book market data with down to the millisecond timestamps. Trillium Labs was spun out of Trillium Trading, in 2014 and is currently based in New York, NY.
Specialities
  • Financial Services
  • Trading Technology Development
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67

Vela Risk and Analytics

50-249 Employees
New York, United States
Est. 1997
Vela Risk and Analytics software provides comprehensive pre-trade and post-trade tools for real-time monitoring of positions and exposure, supported by a complete workflow for dynamically setting and managing alert limits, monitoring multiple trading groups and order flow and taking any necessary remedial actions.
Specialities
  • Consolidated Market Data Feeds
  • Options Trading Software
  • Multi-asset Algorithmic Trading
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68

Zoot Enterprises

50-249 Employees
Bozeman, United States
Est. 1990
Zoot Enterprises is a global provider of advanced origination, acquisition and decision management solutions for financial institutions. We offer comprehensive and flexible platforms for specific business needs that include loan origination, fraud detection and prevention, data acquisition, and more. Zoot is a leader in the financial technology industry. We enable clients to access hundreds of cutting-edge data sources in real time, and provide business user control that empowers our clients to adapt to their evolving strategies. Our cloud-based, secure processing environment delivers decisions in milliseconds and has the capacity to deliver billions of real time decisions annually. Streamline your loan origination process and offer paperless lending – anytime, anywhere with Zoot’s origination solution. Our answer to loan origination completes the lending process, from application and credit scoring to servicing provider integration, all with an unprecedented level of control and flexibility. Not only does our origination solution support you with powerful tools and robust integrations that reduce data entry, it helps accelerate loan processing times while avoiding costly errors.
Specialities
  • Loan Origination
  • Credit Risk Management
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69

AlgoDynamix

10-49 Employees
London, United Kingdom
Est. 2014
AlgoDynamix risk analytics provide hours or days advance warning of major directional market movements.
Specialities
  • Portfolio Management
  • Directional Trading
  • Arbitrage and Hedging
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70

BIX-eRisk

10-49 Employees
Los Angeles, United States
Est. 2002
eRisk has been designed from the ground up specifically tailored for the banking and other financial institutions. This platform leverages existing risk management activities by integrating them into a formalized, flexible ERM process.
Specialities
  • Social Security Administration
  • Banking Website Design
  • Check Image Research System
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71

CRMA

10-49 Employees
Raleigh, United States
Est. 1989
Today, CRMa helps community and regional financial institutions, nationwide, achieve more positive bottom-line results by delivering best-in-market portfolio due diligence, quantitative analyses, stress testing, compliance and risk training, underwriting software, and enterprise risk management solutions.
Specialities
  • Credit Analysis
  • Credit Underwriting
  • Stress Testing
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72

Elucidate

10-49 Employees
Berlin, Germany
Est. 2018
Our blockchain-enabled platform delivers a risk management solution tailored to the needs of our users.
Specialities
  • Financial Crime Compliance
  • Risk Management
  • Data Analytics
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73

Finreg-E

10-49 Employees
London, United Kingdom
Est. 2018
Finreg-E’s provides a unique regulatory compliance and change management application that uses innovative technology to bring automation and efficiencies in the identification, analysis and compliance with global financial regulatory rules.
Specialities
  • Artificial Intelligence
  • Machine Learning
  • Compliance
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74

HiddenLevers

10-49 Employees
Decatur, United States
Est. 2009
HiddenLevers is a risk technology platform providing next-level applications for the wealth management space. With over $500 billion in assets on our platform, HiddenLevers offers client-facing and home office solutions aimed at executives, financial advisors, asset managers, and portfolio managers. The cloud-based platform includes a cutting-edge macro-scenario library portfolio stress testing, model construction, investment proposal generation, and enterprise risk and revenue monitoring.
Specialities
  • Portfolio Stress Testing
  • Economic Data
  • Risk Analytics
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75

modefinance

10-49 Employees
Trieste, Italy
Est. 2009
Applying Data Science & Artificial Intelligence to Finance: modefinance develops solutions for Risk Assessment & Management, as the first official Fintech Rating Agency in Europe.
Specialities
  • Corporate Credit Rating
  • Internal Rating Modeling
  • Worldwide Sector Analysis
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76

RiskValue

10-49 Employees
Athens, Greece
Est. 1999
RiskValue is a cross-asset and customer-oriented software system for the financial services industry covering the needs of investment management operations and financial risk management function.
Specialities
  • Financial Services
  • Investment Management
  • Portfolio Management Systems
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77

SCALED RISK

10-49 Employees
Paris, France
Est. 2012
Scaled Risk’s platform allow every financial firm to build real-time reports and analytics in a breeze – without compromising on business specifics or data governance.
Specialities
  • Data Management
  • Asset Management
  • ESG Activities
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78

Smart RIA

10-49 Employees
Knoxville, United States
Est. 2011
Smart RIA software with our proprietary Advisor Alert technology combines back office efficiencies with Federal and State compliance to offer an all-in-one RIA management platform that helps you to remain audit ready and manage your business while saving time and money.
Specialities
  • Compliance Software
  • Employee Trade Monitoring
  • Business Continuity
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79

SmartRisk

10-49 Employees
Omaha, United States
Est. 2016
Designed specifically for financial advisors, SmartRisk helps you set proper downside expectations with your clients. Clients are often blind to market risk and typically don’t have accurate downside expectations – either too conservative or too reckless, leading to sub-optimal investment allocations. With SmartRisk, advisors can analyze portfolio risk and easily communicate with clients to help them avoid costly mistakes. Move prospects to the planning process and motivate clients to make portfolio changes with SmartRisk. Retain clients during a down market and help prevent clients from making costly behavioral mistakes. Showcase and market your expertise to clients. Core features: -Portfolio comparison -Single name concentration alerts -Household views of accounts -Explain risk to clients in terms they can understand — dollars -Set proper downside expectations -Marketing tools, including a client-facing seminar, brochure, and direct mailer -Access to awesome support, industry expertise and training
Specialities
  • Social Security Benefits
  • Income Planning Tools
  • Financial Advisors
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80

TERA Finlabs

10-49 Employees
Bangalore, India
Est. 2019
TERA Finlabs is a Bangalore-based Risk Technology company that offers innovative Digital Lending solutions for Financial institutions and Consumer technology companies. TERA’s AI-enabled SaaS platform provides technology, risk, and capital solutions to enable innovative embedded lending solutions for businesses. TERA Finlabs was acquired by Razorpay in 2021.
Specialities
  • Digital Lending
  • Lending Solutions
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81

TREFI

10-49 Employees
Hong Kong, China
Est. 2001
Trefi provides a complete suite of supply chain management and financing tools to help you succeed.
Specialities
  • Finance and Management
  • FinTech
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82

Triquesta

10-49 Employees
Singapore, Singapore
Est. 2006
Triquesta is a financial technology company, embracing the sole focus on collateral management, risk management and compliance solutions.
Specialities
  • Risk Management
  • Financial Technology
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83

Tuff Insight

10-49 Employees
Calgary, Canada
Est. 2000
Designed for banks, credit unions, and trusts, this gives insight into your organization”s profitability.
Specialities
  • Interest Rate Risk Management
  • Fixed Income Investment Management
  • Business Intelligence
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84

VALLSTEIN

10-49 Employees
Amsterdam, Netherlands
Est. 2000
Vallstein is the leading provider of Bank Relationship Management (BRM) solutions. The company was founded in the year 2000 following a vision to create a breakthrough in the way organizations manage a core component of their business, the banking business. Prime to Vallstein solutions is the WalletSizingmethodology, which provides a fundamental innovation in BRM. Delivered as software on demand, our solutions empower large and medium sized companies to gain full insight, control and compliance to their banking business, resulting in an information lead and significantly improved conditions. More than 200 corporations use Vallstein solutions to execute their BRM.
Specialities
  • Bank Relationship Management
  • Bank Fee Management
  • Treasury
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85

Visual Edge

10-49 Employees
Guildford, United Kingdom
Est. 2008
We have become renowned as a global market leader in trading technology. Our broad portfolio of market-leading MT4 and MT5 plug-ins has helped 100s of multi-asset brokers worldwide to transform their trading operations, manage their risk, and become more profitable. We are committed to helping brokers grow, which is why we strive in our in-depth knowledge of the industry and offer 24/5 support across multiple sites globally.
Specialities
  • Foreign Exchange
  • Risk Management
  • Business Intelligence
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86

Cube Risk

1-9 Employees
Mendrisio, Switzerland
Est. 2011
Cube Risk is a software platform for brokers and investment banks which need to perform real time margin requirement calculations and risk management of portfolios of listed derivatives.
Specialities
  • Asset Management Software
  • Risk Management
  • Equity Options Trading Software
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87

FSPhub

1-9 Employees
Cape Town, South Africa
Est. 2005
Designed to make your business more efficient and profitable, FSPHub is a totally customisable practice management solution that will help you achieve and maintain control, compliance, communication, consistency and complete peace of mind. The financial services industry demands fast and flexible service from brokers, insurers and intermediaries. Fortunately, FSPHub is a dynamic and cost-effective solution that has been designed specifically for South African FSPs. Our simple to use software automates tasks, improves workflow, stores and manages documents, and it offers smart communication.
Specialities
  • Document Storage
  • Compliance
  • Smart Communication
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88

GiniMachine AI Decision-Making Software

1-9 Employees
Vilnius, Lithuania
Est. 2016
GiniMachine is an AI-based decision-making platform that utilizes advanced machine learning algorithms and the company’s historical data to build high-performing scoring models. It can be used for application scoring, credit scoring, collection scoring, marketing purposes (churn prediction to create personalized offers), and sales activities (cross-selling and upselling opportunities). GiniMachine adds value to banking, finance, telecom, and other businesses able to provide large datasets for analysis. The system uses a custom implementation of the decision tree ensemble method strengthened with a set of heuristics for preliminary data processing and preparation. Key benefits of the solution are: Fast, fully autonomous, and automated model building process. With a prepared dataset, it takes only 2-10 minutes to build and validate a scoring model. Thus, it saves hundreds of hours of manual work for risk officers and data analysts. High performance and predictive power of a model. Typically, up to 15 points of the Gini Index compared to traditional models based on logistic regression (logit). Ease of use — no special training required to build a model. Built-in scoring model evaluation and validation tools. Ability to use unstructured and big data, handle imperfect and missing data, find hidden dependencies. Proven economic efficiency — fewer NPLs, better performance of a loan portfolio, higher acceptance rate, etc. Besides, GiniMachine is a great data analysis tool for risk managers. It provides valuable insights into lender’s data and serves perfectly well for exploratory analysis.
Specialities
  • Credit Scoring
  • Artificial Intelligence
  • Antifraud
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89

Northstar Risk and Perfomance Analysis Platform

1-9 Employees
New York, United States
Est. 2013
The Northstar platform helps hedge funds manage risk, evaluate performance, and effectively communicate with investors. Northstar is not just, it is a service. At Northstar, our experts will fully integrate your back office systems with our risk and performance platform. Northstar is faster, easier to maintain and more accurate, saving you time and money. This is truly as a service.
Specialities
  • Risk Management
  • Performance Analytics
  • Investor Reporting
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90

Pocket Risk

1-9 Employees
London, United Kingdom
Est. 2012
Built for financial advisors – Onboard clients, assess risk, determine a portfolio and win new business.
Specialities
  • Investment Management
  • Risk Profiling
  • Financial Planning
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91

RiskRunner FX

1-9 Employees
Jersey City, United States
Est. 2013
The RiskRunner FX platform is designed to be the central information portal for the trading desk, aggregating data from external and internal sources, such as ECNs, Price Feeds, and Risk/Analytics Engines.
Specialities
  • Microsoft Azure
  • Cloud Solutions
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92

Riskturn

1-9 Employees
Chicago, United States
Est. 2016
RISKTURN is a financial business software that provides an innovative solution for risk-based business forecasting and provides greater confidence and higher visibility to decision makers.
Specialities
  • Capital Budgeting
  • Business Forecasting
  • Risk Management
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