20 Most Promising Enterprise Risk Management Solution Providers 2017

Enterprise Risk Management is taking the center stage in how companies run their business. Advancements in cognitive technologies, artificial intelligence and data analytics are helping organizations go beyond traditional ways of managing risks by using smart machines to detect, predict and prevent risks. Today, since the entire nature of the risk discipline and their consequences are evolving, organizations should look beyond regulation and cost-reduction and view risk management as a strategic element of their value chain.

Some of the smart devices that comprise the Internet of Things (IoT) and artificial intelligence (AI) have the capability to help organizations detect risk events, derive crucial risk insights and even take immediate actions–resulting in a real-time, pervasive, dynamic risk management environment. With a predicted 20.8 billion connected devices in use by 2020, new GRC challenges abound. IoT developers often overlook security. As cloud computing grows in popularity, the landscape is moving toward XaaS—everything as a service. This will transform business value chains, as data will be able to flow seamlessly and securely across different platforms and infrastructures. The transition to the modern cloud and hyperconvergence not only strengthens their focus on data privacy and security, but also improve the transparency of audits, legal, and regulatory compliance, while refining business continuity planning. On the other hand the risk intelligence gathered from AI and machine learning platforms will also lead organizations to achieve higher levels of performance.

In recent years, since workforces become more mobile, businesses demands new frameworks to deal with the risks and requirements in terms of security, authentication measures, infrastructure security, data encryption, and country-specific regulations. Witnessing this growing challenge and opportunity, myriad of risk management solution providers have emerged to offer their powerful tools that is supported by latest technologies.

Our selection panel has evaluated hundreds of enterprise risk management solution providers based on the ability to assist CIOs and enterprise holders in overcoming the challenges in the sector.

We present to you CIOReview’s 20 Most Promising Enterprise Risk Management Solution Providers 2017

Company Name

Company Description

4Tune Engineering Provider of 4.0 Solutions for the Pharmaceutical Industry
CERRIX Offers Risk and Process Management solution enabling organizations to effectively achieve risk management
Cytegic Leading the quantification of cyber risks Cytegic offers the Automated Cyber Risk Officer (ACRO) -an end-to-end solution for cyber risk management
FireMon An enterprise security management company that provides an advanced security management and automation to increase security agility, decrease risks, and respond to risks faster
FourStop Delivers a one-stop solution for KYC, compliance, and fraud prevention
GessNet Software solutions and expert consulting in medical device safety, cybersecurity, quality and regulatory compliance risk management
Hakdefnet Hakdefnet offers pragmatic and scaleable risk intelligence and risk management capabilities to enterprises
Hyannis Port Research Provider of real-time risk management systems and market gateway solutions for eliminating erroneous trades in global markets. General market Infrastructure equipment provider
NAVEX Global Provides compliance program management software for customers to manage their risks
NICE Actimize Delivers an intelligent automation approach for financial crime and compliance operations, leading to greater efficiency and cost savings
Orchestrade Provides streamlined front-to-back processing for all financial instruments, real-time risk on commodity hardware, and faster time to market
PAN Software Delivers enterprise risk intelligence software integrating all areas of an enterprise to identify, assess, and manage risk and opportunities
Pulpstream Pulpstream is a software platform with risk management and mitigation solutions. Change any solution without coding. Scale at the pace of your imagination
RiskGrid Technologies Delivers cloud-based risk management and robo-advisory Solutions for the wealth management industry
Riskonnect Offers a unified risk mitigation platform that provides a single point of access to review, analyze, and report on data for global organizations
Soteria Risk Offers a proprietary, easy to use, subscription based tool system that allows organizations to manage enterprise risk, risk assessment, and risk mitigation—all in one
TRADESPARENT TRADESPARENT offers a commodity risk and margin specific business intelligence platform, which serves as a convergence point of data from multiple sources
Traffk Traffk modernizes the insurance underwriting process with more accurate data insights and risk profiling to manage profitability, risk and market growth
TTEK Specializes in utilizing and deploying technology for the optimization of customs and border processing
Vault Intelligence Develops innovative software solution integrating end-to-end health, safety, compliance and risk management