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Financial Risk Management Software

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Backstop logo



Cloud-based investment management platform

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Backstop Solutions is an investment management platform which offers solutions for consultants & advisors, institutions & pensions, hedge funds, private equity & venture capital, endowments, and more, through a suite of products including Backstop CRM, Portfolio, Research, Accounting, Portal & IR

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Artificial intelligence-enabled fraud prevention suite

visit website is a cloud-based enterprise risk management suite designed to help businesses across retail banking, eCommerce, FinTech, eCommerce, government, hospitality, and other sectors detect and prevent identity frauds using artificial intelligence and machine learning algorithms.

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Credit Risk Platform logo

Credit Risk Platform


Credit risk analysis & decision workflow management tool

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Credit Risk Platform is a financial risk analysis software designed to manage credit risk assessment and credit approvals on a cloud-based platform.

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Socure logo



The Leader in Digital ID Verification & Trust.

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Socure ID+ is a identity verification platform for the largest enterprises and is trusted by 4 of the 5 largest banks, 7 of the 10 largest credit card issuers, top Buy Now, Pay Later (BNPL) providers, top crypto exchanges, and the largest online gaming operators.

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Trovata  logo



The Next-Generation Global Cash Flow Management Platform

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Trovata's bank APIs empowers your organization with global cash visibility across all your multi-bank accounts with a comprehensive suite of cash reporting and forecasting. Eliminate manually aggregating your cash and transaction data by automating your data management with Trovata.

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GiniMachine logo



Predictive analytics software with risk scoring models

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GiniMachine is a credit scoring software designed to assist businesses in decision-making by leveraging artificial intelligence and machine learning technologies. Free 30-day trial available.

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Credit Decision Platform logo

Credit Decision Platform


Financial services software for credit scoring

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ACTICO Credit Decision Platform is a robust and highly scalable platform for automating credit origination and decisioning processes. Based on a powerful graphical decision management suite, the system allows the implementation, testing, simulation and optimization of any bank-internal decision services, including but not limited to risk scoring, pricing and credit decisioning strategies.

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Tipalti logo



Global Payables Automation

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Tipalti is the world's leading finance automation solution for managing accounts payable, procurement, expenses, card, and global payments.
Power international payments, invoice processing, AP tax and regulatory compliance, payment reconciliation, and reporting in one holistic cloud solution.

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Nectarine Credit logo

Nectarine Credit


Automated digital credit decisioning solution

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Nectarine Credit is a credit risk management solution for small businesses. The software facilitates the management of commercial credit applications and credit decisions. Users can create custom credit applications, send them to their customers, and approve or deny the applications directly from the application.

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Accountable logo



HIPAA Compliance, Made Easy.

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Accountable helps businesses easily manage HIPAA compliance from employee training, business associate agreements, risk assessment, and policies & procedures.

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Resolver logo



See Risk. Discover Value.

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Resolver Risk Management software is used by some of the world’s largest financial organizations. Designed for financial institutions, Resolver effectively manages compliance and regulatory change and reduces risk.

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VestServe logo



Investment, funds, and accounting management solution

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VestServe is an investment management solution, which helps financial institutions, insurance agencies, & businesses manage assets, mutual funds, finances, pension plans, & credit risks. The notification system enables organizations to send & receive data updates from clients, custodians or brokers.

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FlexiKYC logo



KYC/AML platform for Salesforce

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Unique 100% designed on and for salesforce KYC solution
Benchmarked on of the best solution on the market for KYC processes with the following facts:
1) Most flexible.
2) Automatised using flows.
3) 1/2 the budget of big 5 solutions with the same functionnalities.

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Iziago logo



Complete cash management platform

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Iziago helps businesses manage their treasury and payments, make domestic, SEPA, and international transfers worldwide using the ISO 20022 standard, and debit customers worldwide using SEPA and ISO 20022 formats.

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FUGU logo



Fraud Prevention, Chargeback Guarantee, KYC, No Commitments

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Working month-to-month - 0 risk, no commitments.

FUGU offers a 360° self-learning fraud prevention strategy fighting fraud at various points along the transaction life cycle. Now online sellers can be sure that maximum transactions are approved with minimal exposure to future chargebacks.

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KYCScoring logo



Online platform for KYC scoring

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Our pre-scoring solution will deliver actionable insights to improve decision-making and provide your business with better efficiency and productivity.

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MemberCheck logo



Risk Management Solution provider for AML/CTF compliance.

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MemberCheck's Risk Management and reporting solution helps businesses conduct AML/CTF screening based on global standards. The solution specialises in PEP, Sanctions, Adverse Media and ID Verification.

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Analytica logo



Build models visually: The way you think

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Analytica is a decision-support platform that helps people visualize problems with clarity and power beyond what is possible with spreadsheets. Existing use cases include strategic planning, research, financial planning, energy modeling, constraint optimization and Monte Carlo analysis.

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Risk-based cash flow planning platform

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Riskturn is a risk-based cash flow planning platform which enables SMBs & enterprises to build probabilistic business forecasts using Monte Carlo simulation

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Certent Equity Management logo

Certent Equity Management


Enterprise Class Equity Management & Reporting Software

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Streamline cap table & equity management, tighten compliance, minimize risk, improve productivity. It's life beyond the spreadsheet.

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eFront logo



Private equity software for direct & indirect investments

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eFront provides end-to-end private equity solutions that help firms streamline operations while reducing risk, improving communication, and delivering insights

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Treasury Intelligence Solutions logo

Treasury Intelligence Solutions


Cashflow, Liquidity, & Payments Reimagined

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With over 11,000 banking options, $80 billion in daily cash managed, and $2.5 trillion in annual transaction volume, TIS has a proven track record of combining our unparalleled market expertise with tailored client and community feedback to drive digital transformation for companies of all sizes.

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ETNA Broker Back Office logo

ETNA Broker Back Office


Back-office management platform designed for brokers

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Broker Back Office is an online financial risk management platform designed to help broker-dealers, digital advisers, and trading firms manage back-office operations. The white-label solution allows users to create custom trading rules, trigger alerts, and margin rates to enhance security.

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NameScan logo



Pay-As-You-Go Risk and Compliance Management Solution

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NameScan assist firms in complying with AML/CTF and sanctions regulations and reducing reputational risk by providing KYC and KYB screening solutions.

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PayPal logo



Comprehensive solution to serve your business needs.

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PayPal Commerce Platform is a comprehensive solution designed to serve your business needs and your customers, whether you’re just getting started or already a thriving enterprise or marketplace.

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Here's what we'll cover:

Buyers Guide

Financial Risk Management

Trying to manually monitor risks and conduct risk analysis is a challenge, to say the least, as this process involves large volumes of data and complex calculations. This is why many financial analysts and institutions (such as banks, insurance firms, and asset management firms) use dedicated financial risk management software, which helps them manage their exposure to financial risks.

This type of software automates functions such as auditing, reporting, risk modeling, forecasting, and stress testing. It offers features that help conduct risk analysis, monitor risks, simulate scenarios, and formulate plans to address and mitigate risks.

We’ve prepared this guide to help you select the right financial risk management software for your business. Here’s what we’ll cover:

What is financial risk management software?

Financial risk management software helps businesses manage credit and portfolio risks. It helps users manage the following aspects of the risk management process:

  • Risk analysis: Identify and analyze areas that could negatively impact key business initiatives, decisions, or projects. 

  • Reporting: Create standard and custom reports on relevant data, which can be downloaded in various formats (such as PDF, XML, CSV) or viewed through a dashboard.

  • Data management: Import data from new or existing sources by uploading files or through APIs. Users can also aggregate data, store it, and view it within the system.

  • Data audit: Record historical data in a step-by-step progression to track and assess the quality of data and detect any inconsistencies or missing data.

What are the deployment options for financial risk management software?

To select the right financial risk management software for your business, you need to understand the deployment options available.

Cloud-based deployment: Vendors host these solutions on their own or third-party servers, and they can be accessed through web browsers or mobile apps. Data storage, server maintenance, and periodic updates are the responsibility of vendors. Vendors usually offer a subscription-basa one-time, per-user license fee. Data storage, server maintenance, and periodic updates are also the user’s responsibility, and the total cost of ownership will include in-house server hardware and active IT support.

Key questions to ask your vendor before you buy: Are there any hidden costs or additional charges apart from the subscription or license fee?

What are some common features of financial risk management software?

Understanding the common features of financial risk management software will help you narrow down products to those that meet your requirements.

Here are the common features of financial risk management software:

Financial risk reporting: Use the software to create reports that help aggregate data and present information (e.g., credit and portfolio risks) in a concise and auditable manner to facilitate faster decision-making.

risk reporting

Risk reporting in Riskonnect

Scenario planning: Scenario planning refers to predicting and analyzing future events that may have a financial impact. When executing “what-if” scenarios, the software considers changes to inflation rates, operating costs, product prices, and interest rates for the business, industry, or economy.

scenarion modelling

What-if analysis in SABRE

Portfolio modeling: Portfolio modeling is used to determine the approximate risk in a financial portfolio by analyzing and forecasting possible losses incurred due to risks stemming from operational, liquidity, credit, and market conditions.

portfolio modeling1

Forecasting in Clari

Audit trails: Keep track of financial transactions and ensure that transactions and changes are recorded for future verification. This helps users track general ledger account balances, purchase order history, applicable e-signatures, and more.

audit trail

Audit trail in Netwrix Auditor 

Key question to ask your vendor before you buy: Are there other features in the software that might be useful to my specific business?

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Note: The applications selected in this article are examples to show a feature in context, and are not intended as endorsements or recommendations, obtained from sources believed to be reliable at the time of publication.