How do risk management software offerings stack up?

Picking the right product or service is quite the task but essentially boils down to what companies need and what is appropriate – granting, of course, that there’s no budgetary issue. Online resource bobsguide has compared risk management software offerings to make lives a little easier for chief risk officers looking to buy or switch.

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Here are 10 of the best technologies across the areas of market risk, credit risk, operational risk, fraud risk, and enterprise risk management, according to the guide:

1. AxiomSL’s RiskMonitor – with advanced analysis that provides full exposure breakdown and also features a new decision support module.
2. Broadridge’s Risk Master – a combination of advanced risk management tools and asset class data; integrated with Numerix CrossAsset.
3. Finastra’s CreditQuest suite – includes “rating manager” and “credit manager” for flexible credit risk management.
4. Fitch Solutions’ products – provides access to comprehensive credit intelligence and financial data.
5. AutoRek – an automated financial control framework that manages accounting, regulatory reporting, and budget preparation.
6. Fenergo’s offerings – for regulatory onboarding and MiFD II compliance; with end-to-end workflow tool.
7. Bottomline Technologies’ cyber fraud and risk management tool – a cross-platform surveillance system for financial institutions that enables proactive monitoring of fraudulent activity.
8. Trapets AB’s InstantWatch – automatic surveillance and compliance systems with real-time analysis of transactions.
9. Murex’s MX.3 platform – may be used as a standalone enterprise risk management tool or as an integrated trading and risk solution.
10. OpenLink’s Findur – offers straight-through-exception-processing to support the transaction lifecycle for derivatives and cash instruments.

What are your considerations when looking for a risk management tool? Leave a comment below with your thoughts.


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