Financial Risk Management Software

TrustRadius Top Rated for 2023

Top Rated Products

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1
Cube

Cube is a financial planning & analysis (FP&A) platform that aims to enable finance teams to be more strategic and positively contribute to company growth activities by spending less time on manual, repetitive task, from Cube Planning headquartered in New York.

2
D&B Finance Analytics

D&B Finance Analytics is a global credit-to-cash solution that provides Dun & Bradstreet data, analytics, and technology to help improve cash flow, increase operational efficiency, and mitigate risk. This AI-driven solution comprises two platforms – D&B Credit Intelligence…

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(26-50 of 205)

26
Finicity Connect

Finicity Connect, now from Mastercard, is a fintech software that aims to make the consumer permissioning process simpler and faster. Finicity Connect links to the vast majority of financial institutions, providing an open banking APIs designed to put consumers in control of their…

27
Contemi Corporate Actions Management

Contemi Corporate Actions Management is a solution used to improve corporate actions data, ensuring no event is missed or erroneous information provided to and acted upon by internal decision makers or external clients. It will provide processing visibility against workflows specific…

28
Pile
0 reviews

Pile provides treasury management software for startups and VC's to maximize the use of their money, keep it safe and diversify it through different banking solutions. With Pile, companies can invest their capital in fixed corporate deposits through partner banks, and benefit from…

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29
Perfios Data Aggregation and Analytics

Perfios offers a financial data analytics platform that can handle data from various sources with capabilities to extract, curate, clean, and analyze data, to build domain-intensive solutions. It is used to generate reports and simplify data-decisioning procedures for institutions.…

30
Karza KScan
0 reviews

KScan from Karza Technologies is a Digital Due Diligence platform that facilitates intelligence about businesses and individuals aiding to better financial decisioning. The platform gives a complete view of demographics, business, negativities, management, ownership structure and…

31
Limina
0 reviews

Limina Investment Management Solution (IMS) is a Front-to-Middle Office Solution that helps investment managers focus on producing investment returns with minimal operational risk. The open platform helps Asset Managers overcome fragmented workflows and increase confidence in data…

32
Themis Search & Monitoring

Themis is an AI powered digital financial crime platform that helps clients manage their financial crime risk exposure. The SaaS KYC and AML platform enables: screening & 24 hour monitoring against sanctions watchlists, PEPs, Litigation, Litigation, Adverse Media, Criminal Convictions,…

33
CrossVal
0 reviews

CrossVal is a SaaS platform that automates the process of financial modeling for early-stage companies, enterprises, and investment funds. It uses existing data to cross-validate models to ensure accuracy. The vendor states CrossVal has the ability to build accurate models across…

34
smartKYC
0 reviews

smartKYC fuses artificial intelligence with linguistic and cultural sensitivity and domain knowledge to set new standards for KYC quality, whilst transforming productivity and hardwiring compliance conformance. smartKYC extracts open source intelligence (OSINT) from vast corpuses…

35
Validus
0 reviews

Eventus Systems headquartered in Austin offers the Validus platform, which provides comprehensive market risk management to any firm in the markets through solutions for alerts, reports and monitoring of key trading functions across multiple asset classes.

36
Fraudio
0 reviews

Fraudio is a cloud-based, SaaS solution designed to fight complex payment fraud and financial crime by using artificial intelligence, machine learning and multi-dataset network effects.Latest Generation in Fraud Detection & Prevention technologySo far there are three generations…

37
FRISS
0 reviews

FRISS is the provider of analytics software for fraud, risk and compliance for P&C insurers.

38
Prognoz Credit Portfolio Management

Business Intelligence specialist Prognoz headquartered in Washington, D.C. offers Prognoz Credit Portfolio Management, an application for managing credit risk associated to individual loans and borrowers.

39
RMS(one)
0 reviews

Risk Management Solutions (RMS) offers the RMS(one) platform, a risk modeling and management platform for the insurance industry.

40
CAREweb
0 reviews

The world of business is a perilous field of ever-increasing challenges and opportunities. Successful organizations are those who are able to keep up with technological improvements as well as shifting market trends and regulatory constraints. A company's capacity to adjust quickly…

41
Trillium Labs - Surveyor

Surveyor is a post trade surveillance tool designed to detect and eliminate market manipulation. Surveyor aims to minimize false positives and provide accurate alerts by leveraging full depth-of-book market data with down to the millisecond timestamps. Trillium Labs was spun out…

42
Allvue Compliance

Allvue’s compliance management software integrates current exposure and market data to deliver compliance at all stages of the trade life cycle, including hypothetical testing, pre-trade, trade allocation, post-trade, and ongoing portfolio monitoring across all portfolios in real-…

43
Coalition
0 reviews

Coalition offers cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risks. Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage, as well as CAD…

44
Global Database Credit Risk

A tool that helps the user get to know company credit scores and recommended credit limits before making a decision. It also helps to understand B2B partners’ and prospects’ company payment behaviour, perform due diligence checks and avoid financial difficulties caused by other businesses’…

45
SmartAn
0 reviews

We created a platform to get access to your customers financial transactions and reports, giving you the smartest real-time analytics. We help financial and trading companies to quickly decide on cooperation with counterparties.

46
FinBox Sentinel

A no code business rules engine used to automate, optimise, and govern the business logic powering a digital lending system in any environment of choice. Sentinel empowers risk teams to automate credit decisions, test new growth strategies, and execute them at speed without having…

47
Emagia Credit Automation

The Emagia Credit Automation Solution is designed to enable consistent, high-quality credit decisions, increasing healthy revenues and minimizing receivables risk. Emagia Credit Management provides a 360-degree view of customers with all credit risk and receivables information integrated…

48
Lenvi Riskfactor

Lenvi Riskfactor is software used to prevent fraud and improve efficiency through risk management software and fraud analytics. Lenvi Riskfactor is combined fraud prevention technology and risk management software. It includes support from dedicated receivables finance experts who…

49
Finvisage
0 reviews

Finvisage helps users optimise hedging strategies by linking exposures with hedges and create an optimal strategy for mitigating risk. Finvisage enables users to discover price for a range of financial instruments including OTC products and analyse them with What-if scenarios. The…

50
Fina
0 reviews

Fina provides Custom Financial Tracking without the spreadsheets. It is a money management tool designed for personal finance nerds and entrepreneurs. After linking accounts, the user can clean data with categorizations & rules, and then use a notion-style document to design…

Videos for Financial Risk Management Software

Financial Risk Management Explained In 5 Minutes
05:06
Ryan O'Connell, CFA, FRM explains the Financial Risk Management profession. Covering the history of Financial Risk Management events and regulations, the degrees and certifications that financial risk managers and financial risk analysts have, and the areas in which profession...
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Learn More About Financial Risk Management Software

What is Financial Risk Management Software?

Financial risk management software identifies, measures, and models risk in financial decisions, and often enables risk mitigation within those decisions as well. These tools enable lenders to meet regulatory requirements via robust reporting and improve the business’s credit risk models. These tools are designed to handle a wide range of financial risk types within balance sheets, including market risk, credit risk, and risk associated with specific “what if” deal scenarios.

In assessing loan risk, it's important to have all relevant customer data to hand to assist in making a decision. Many credit risk management tools draw on public records and multiple proprietary data sources to provide an understanding of the risk, scoring, profitability potential and creditworthiness of customers and prospects.

Risk Management and Regulatory Compliance

The main benefits of financial risk management software is to maintain regulatory compliance and mitigate financial risk in decision-making. Financial risk management software is particularly adept at the regulatory compliance aspect of financial risk due to native reporting capabilities that can automate many of the processes and reporting necessary in financial risk audits. This automation and process streamlining both saves time and reduces the chances of human error in complex, high-stakes reporting.

Financial risk management software also helps businesses be aware of and mitigate financial risk itself. Some tools focus on giving visibility into what kind of risk is associated with specific deals, market states, or or financial decisions. Others will proactively offer suggestions on how to handle or mitigate said risks, or tie the risk assessment into broader financial decision-making structures. However, the entire spectrum of tools help mitigate the damage that can come from unrealized or unplanned-for financial risk.

Financial Risk Management Software Comparison

When comparing different financial risk management software, consider these factors:

  • Integrations: Consider how frictionless the integrations are with the business’s accounting, ERP, and other core financial systems. Integration demos and reviews of certain tech stacks will likely give the best insights into how robust and efficient each integration is.
  • User-Friendly: How easy to use is the platform? User-friendliness is important to consider in financial systems not just for the sake of the user’s experience. Clear, easy-to-use systems help avoid costly errors, particularly in complex processes like financial modelling and risk auditing.

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Frequently Asked Questions

How is financial risk management software used?

Financial risk management software models the risk associated with various financial decisions, credit states, and market environments and helps businesses mitigate and plan for said risk.

Who uses financial risk management software?

Financial risk management software is most commonly used by financial services and institutions, although some large enterprises can also benefit from a standalone financial risk management tool.

What are the benefits of financial management software?

Financial management software helps organizations stay compliant with regulations surrounding financial risk, as well as helping businesses mitigate their financial risk and improve credit ratings in some cases.