Top Free Financial Risk Management Software

Creditsafe

Creditsafe is a comprehensive data intelligence solution designed to help organizations manage credit risk, compliance, and data hygiene with confidence. By delivering global coverage breadth across more than 430 million businesses in over 200 countries, Creditsafe provides the data freshness & source diversity companies need to make informed, data-driven decisions that fuel growth and operational efficiency. The platform is built around key business drivers that address modern credit and compliance challenges. With continuous monitoring & alerts, users are instantly notified of material changes impacting customers, suppliers, or prospects, ensuring proactive risk management. Creditsafe’s insolvency prediction strength and cross-border score consistency further enhance the accuracy of credit evaluations, allowing organizations to identify potential risks early and maintain financial stability. For businesses seeking speed and flexibility, Creditsafe offers instant vs. investigated delivery, enabling onboarding in under 60 seconds when needed, while still supporting deeper due diligence where required. Its powerful portfolio analytics & dashboards give decision-makers actionable insights at scale, while API integration depth ensures seamless connectivity to existing systems. Flexible pricing & access models make it suitable for both SMBs and large enterprises, with SMB-friendly access options designed to meet the needs of growing companies. Beyond credit risk, Creditsafe strengthens compliance processes with KYB/AML compliance bundling and corporate linkage & UBO insight, helping organizations meet regulatory obligations and uncover hidden ownership structures. In addition, collections and recovery support tools aid in maintaining healthy cash flow by optimizing recovery strategies. With its combination of advanced analytics, dedicated account managers, and scalable delivery models, Creditsafe empowers businesses of all sizes to navigate the complexities of credit management. By uniting trusted data, portfolio insights, and robust compliance tools under one platform, Creditsafe positions itself as a strategic partner for organizations seeking to enhance resilience, streamline processes, and unlock sustainable growth.

Average Rating: 4.5/5.0

Total Reviews: 353

SAS Risk Modeling

SAS Risk Modeling delivers an integrated infrastructure to handle data, build models using traditional statistical methods as well as advanced machine learning techniques, backtest the model, and implement them quickly providing a more flexible risk modeling solution than any outsourcing alternative. With SAS Risk Modeling, modelers can create open, explainable models in a well-managed and controlled environment. And they can do it for their regulatory risk, business models and using the latest analytic techniques, such as artificial intelligence (AI) and machine learning. These models can be deployed into integrated decision management workstreams that deliver tangible business benefits and ROI. SAS Risk Modeling is part of the Risk Modeling and Decisioning solution that combines the data management, model development, deployment, and monitoring capabilities of SAS Risk Modeling with the intuitive decision process design and rule set management capabilities of SAS Intelligent Decisioning.

Average Rating: 4.2/5.0

Total Reviews: 12

Company Watch

Company Watch is a comprehensive financial risk management software solution designed to empower businesses of all sizes to identify, assess, and mitigate financial risks. This software falls under the category of Financial Risk Management and Third Party & Supplier Risk Management, and is targeted towards businesses looking to make informed decisions regarding potential investments, partnerships, and financial transactions. Company Watch offers a robust suite of features to equip users with the tools they need for effective financial risk management: • Streamlined data acquisition: Effortlessly gather and analyse data from various sources, including public records and sanctions lists. • Automated risk assessments: Leverage pre-built risk profiles and customisable scoring models to gain a swift and insightful understanding of potential financial risks associated with businesses, suppliers, or investment opportunities. • Enhanced due diligence: Conduct in-depth due diligence investigations with features like enhanced director matching, anti-money laundering (AML) checks, fraud checks, and detailed business intelligence reports. • Predictive analytics: Gain valuable insights into future financial performance through cutting-edge predictive analytics tools, allowing for proactive risk mitigation strategies. • Centralised reporting: Generate comprehensive reports that consolidate all risk assessment data and findings, facilitating clear and efficient communication with stakeholders. By utilising Company Watch, businesses can experience a host of benefits: • Confident decision making: Gain the confidence to make informed financial decisions backed by data-driven insights and comprehensive risk assessments. • Reduced risk exposure: Proactively identify and mitigate potential financial risks, minimising potential losses and safeguarding your business. • Improved efficiency: Streamline due diligence processes and save valuable time by automating data collection and analysis tasks. • Enhanced compliance: Ensure adherence to financial regulations with built-in AML checks and compliance features. • Optimised resource allocation: Allocate resources strategically by focusing on the most critical risks identified through Company Watch's risk assessments. Company Watch empowers businesses to navigate the complexities of today's financial landscape with confidence. Its comprehensive suite of features and data-driven insights provide a clear advantage for making informed financial decisions that promote business growth and long-term success.

Average Rating: 4.8/5.0

Total Reviews: 16

Orion Risk Intelligence

Orion Risk Intelligence is a suite of risk-focused tools and intelligence to help quantify the potential impacts of future risks and make more informed decisions in the face of global uncertainty. The cloud-based platform includes a macro-scenario library for portfolio stress testing, model construction, investment proposal generation, and enterprise risk and revenue monitoring. Start a free trial here: https://orion.com/advisor-tech/risk-intelligence

Average Rating: 4.5/5.0

Total Reviews: 35

FactSet Portfolio Analytics

FactSet's integrated multi-asset class portfolio analytics and official performance solutions let you spend more time finding answers and less time managing data. With sophisticated next generation portfolio analytics, performance, and attribution, you get an unparalleled combination of portfolio equity and fixed income analytics, data concordance management, workflow capabilities, and data distribution for internal and external clients. Key Features Portfolio Analytics: Unique Content Performance Drivers Performance & Attribution Flexible Reports Connected Teams Risk Analytics: Risk Models Risk Over Time Stress Testing Optimized Portfolios Connected Teams Quantitative Research: Portfolio Simulation Backtesting Characteristics Analysis Portfolio Optimization Data Exploration Performance Measurement & Attribution: Relative & Absolute Performance Attribution Models Integrated Data Returns Analysis Reporting & Distribution GIPS Compliance Client & Portfolio Reporting: Trusted Analytics End-to-End Reporting User-Empowered or Managed Services Consistent Branding Oversight and Approvals Commentary in Seconds

Average Rating: 4.5/5.0

Total Reviews: 10

SmartRisk

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

Average Rating: 4.8/5.0

Total Reviews: 4

FactSet Workstation

The FactSet Workstation is a dynamic platform designed to empower financial professionals with seamless data access, advanced analytics, and intuitive technology. Integrating over 800 data sources across asset classes and markets, it consolidates crucial insights and elevates decision-making. Equipped with AI-powered tools, including smart search and chat features, the workstation simplifies complex workflows, enabling users to uncover insights quickly and improve collaboration. From research and portfolio construction to wealth management, the platform adapts to diverse needs, offering unparalleled configurability and real-time integration within existing workflows. With its focus on boosting productivity and streamlining processes, the FactSet Workstation is a solution built for success in fast-paced financial environments. For more information, visit www.factset.com.

Average Rating: 4.2/5.0

Total Reviews: 72

Digitap.ai

An AI-powered end-to-end API platform for banking and FinTech. The company offers a variety of solutions to financial institutions including onboarding suites, customer verification via alternate data set, bank verification through aggregator network, and expense manager or PFM platform. Digitap boasts a 99% customer satisfaction rate and works with many large companies.

Average Rating: 4.0/5.0

Total Reviews: 1

Identomat

Identomat is an AI-driven digital identity and KYC/AML compliance platform founded in 2020, with offices in Illinois (USA), Tbilisi (Georgia), Limassol (Cyprus) and London (UK). Trusted by over 100 enterprise organizations across 18 countries. Identomat offers a comprehensive suite - including ID Verification and Validity Check, Passive and Active Liveness Checks, Specialized Watchlists, Face Match, Phone and Email Verification, AML Screening, KYC Questionnaires, KYB, Video KYC, and Address Verification - to streamline compliance and secure customer and business onboarding. By automating the entire identity lifecycle - from first capture through ongoing monitoring - Identomat helps businesses slash manual review times, eliminate fraud vectors, and accelerate customer onboarding, all while maintaining ISO 30107-3 level 2, SOC 2, iBeta level 2 and eIDAS compliance. Identomat has also been recognized as a Leading Vendor for KYC in Liminal’s Link Index 2025. Benefits: ✅ All-in-One KYC/AML Suite: Comprehensive identity verification features (ID document OCR, facial recognition, liveness check, AML screening, video KYC, eSignatures) in one platform.
 ✅ Enterprise Integration Ready: Flexible API and SDK integrations (REST, mobile, web) for quick deployment into your existing workflows. Easily connect Identomat with CRM systems, banking cores, or mobile apps.
 ✅ Global Coverage & Localization: Supports document types and ID formats from over 193+ countries, with multi-language interface support - perfect for multinational operations and diverse customer bases.
 ✅ Compliance & Security Assured: Meets rigorous international standards - ISO 30107-3 level 2 certified, iBeta Level 2 certified, SOC 2 Type II audited, GDPR compliant - ensuring regulatory approval and secure data handling.
 ✅ Fast & Accurate Onboarding: AI-powered checks verify IDs in seconds, achieving average verification times ~ 40 seconds and boosting conversion rates (up to 98% pass success). Fewer drop-offs and quicker account activations mean more business.
 ✅ Advanced Fraud Prevention: Biometric liveness detection (iBeta Level 2 certified) thwarts deepfakes and spoofing attempts, while real-time AML watchlist monitoring and risk scoring flag fraud or sanctions risks before they become issues.
 ✅ Customizable & Audit-Friendly: No-code workflow builder and white-label UI let you tailor the user experience and compliance logic without coding. Detailed audit trails and reporting ensure you’re always audit-ready and in control of compliance data.
 ✅ Cost-Efficient at Scale: Automation and volume-based pricing deliver KYC at a fraction of traditional costs. No setup fees and unlimited support mean lower total cost of ownership, aligning with procurement’s budget and ROI goals.
 With Identomat, you get AI-driven identity verification, end-to-end KYC/AML compliance, and fraud prevention in one scalable platform - trusted by telecom, fintech, e-commerce, gaming, and government organizations worldwide. Unlock faster digital onboarding, seamless AML screening, and enterprise-grade security today - see why Identomat is the leading choice for automated identity verification.

Average Rating: 4.9/5.0

Total Reviews: 5

TreasuryView

TreasuryView is debt and treasury management software that helps finance teams automate the tracking, valuation, and reporting of bank loans, intercompany funding, and interest rate derivatives, using pre-integrated global market data. TreasuryView functions as a centralized system of record for finance, controlling, and treasury professionals at mid-market organizations managing multi-entity debt and derivative structures. Core users include commercial real estate firms, family offices, and private equity groups, alongside public sector treasury teams, financial services, and logistics companies, typically organizations tracking 15 to 300+ loan facilities across multiple entities, currencies, and counterparties, for whom spreadsheet-based tracking has reached its limits. The platform consolidates bank loans, intercompany funding, and interest rate derivatives, including swaps, caps, and collars, into a single reporting workspace, with bidirectional lender and borrower tracking for intercompany positions across legal entities. By integrating end-of-day market data covering a broad range of benchmark reference rates directly into the platform, TreasuryView removes manual data entry for interest accruals, payment schedules, and instrument valuations. A built-in calculation engine automates these calculations, which are typically error-prone when tracked manually in spreadsheets. Common use cases include automating monthly accrual and balance calculations ahead of close, valuing interest rate swaps and caps for quarterly and year-end financial statements, preparing audit-ready documentation ahead of external reviews, and consolidating intercompany positions into group level reporting. Because valuations are refreshed with end-of-day market data, finance teams maintain current visibility into portfolio risk during periods of rate volatility, without manually re-running calculations. Key capabilities include: Automated debt lifecycle management: calculates cash-flow schedules, interest accruals, and rate resets for bank loans and intercompany funding, without manual formula updates or cell-by-cell tracking Bidirectional intercompany loan tracking: consolidates lender and borrower positions across legal entities and currencies into a single Transaction Register Integrated market data from 30+ global sources: end-of-day valuations for interest rate swaps, caps, collars, and FX instruments, supporting a wide range of benchmark reference rates, including EURIBOR, SOFR, and SARON Board-ready reporting: consolidates transaction-level data into standardized reporting packages in minutes, not days Scenario modeling: models the impact of interest rate movements across the full debt and derivative portfolio without manual formula rebuilding Audit trail and access controls: timestamped change logs and role-based access designed to support monthly close cycles and external audit requirements Unlike traditional enterprise treasury systems that require lengthy IT implementation projects, TreasuryView is designed for self-service deployment. Transactions can be captured directly through an easy to use interface or imported in bulk from existing spreadsheets, with no IT involvement required. Customers are typically live within days, with first results visible within 24 hours of entering or uploading loan data. The platform is offered on a monthly subscription, cancellable at any time, starting from €250/month, pricing designed to sit below typical corporate credit card approval limits, so finance teams can get started without a formal procurement or budget approval cycle.

Average Rating: 4.5/5.0

Total Reviews: 2

Access Monitor

Access Monitor enables companies that provide trade credit to continuously monitor the credit risk of their customers. All the information you need to proactively make decisions and manage credit is in one place, saving you time. Our visual dashboard instantly shows where your risk lies, with full data transparency for further information and insights. Intelligence includes our risk bucket categorisation, probability of non-payment, likelihood of insolvency, adverse alerts and synced business information. Our trusted, aggregated data saves you time by collating the latest information from global sources, converting it into common ratings and delivering uniform risk categorisation. No manual spreadsheets here. Our intelligence also includes industry-specific data points such as for construction, hospitality and automotive. Our consistent risk buckets provide a visual, easy to understand way to instantly categorise and understand risk. You’re automatically alerted to customer changes so you can react as needed to manage your risk and protect your business. Instantly view the details of alerts on business changes, payment risks and adverse alerts such as ATO defaults. Our payment risk ratings track your customers risk of non-payment, enabling early decision making on potential risks. Our insolvency risk ratings dynamically update as adverse events occur, enabling wise decision making to minimise potential financial loss. We’ll have you onboarded and monitoring your risk within 24 hours. Our flexible product integrates seamlessly with your unique business structure, processes and risk profile. Book a tailored demo with our team to learn how Access Monitor can continuously, proactively monitor your customers credit risk.

Anqa Compliance

ANQA Compliance is an integrated AML and KYC platform that brings every part of financial-crime compliance into one intelligent system. Instead of juggling disconnected tools, institutions use ANQA to manage sanctions screening, KYC, onboarding, risk assessment, transaction monitoring, crypto investigation, and case management through a single, connected workflow. Most compliance software was built for large Western banks. ANQA was built for how financial and non-financial institutions actually operate today—across mobile money, remittances, digital assets, and cross-border trade. It delivers enterprise-grade power in a format that’s accessible, affordable, and fast to deploy. At its core is integrated intelligence: screening results feed transaction monitoring; risk scores guide investigations; KYC data flows automatically into alerts and reports; and blockchain analysis from the Crypto Investigator reveals wallet activity, mixing-service exposure, and network risk that legacy systems can’t see. This interconnected design gives compliance teams a live, 360-degree view of each customer and their total risk profile. Key modules include: • Sanctions Screening – Context-aware matching that dramatically cuts false positives. • KYC Hub & Digital Onboarding – Centralized customer records with full audit trails. • Risk Assessment & Transaction Monitoring – Real-time behavioural insight tuned to your market. • Crypto Investigator – Affordable blockchain analytics for AML and sanctions compliance. • Case Management – Unified investigations with goAML-ready reporting. ANQA serves both financial and non-financial regulated entities worldwide: banks, fintechs, microfinance institutions, remittance firms, lawyers, accountants, real-estate agents, gaming operators, and NGOs. Cloud-based, API-driven, and built for low-bandwidth environments, ANQA deploys in days—not months. It combines accuracy, transparency, and usability to help teams meet regulatory obligations, reduce manual workload, and build customer trust. Enterprise power. Street-level simplicity. That’s ANQA Compliance: one intelligent platform, eight connected modules, and complete visibility across your compliance operation.

CreditRiskMonitor

CreditRiskMonitor.com, Inc. (creditriskmonitor.com) sells a suite of web-based, SaaS subscription products providing access to comprehensive commercial credit reports, bankruptcy risk analytics, financial and payment information, and curated news on public and private companies worldwide. Our primary SaaS subscription products for analyzing commercial financial risk are CreditRiskMonitor® and SupplyChainMonitor™. These products help corporate credit and procurement professionals stay ahead of and manage financial risk more quickly, accurately, and cost-effectively. Our subscribers include nearly 40% of the Fortune 1000 and well over a thousand other large corporations worldwide. To help subscribers prioritize and monitor counterparty financial risk, our SaaS platforms offer the proprietary FRISK® and PAYCE® Scores as well as the FAST Rating, the well-known Altman Z”-Score, agency ratings from key Nationally Recognized Statistical Rating Organizations (“NRSROs”), curated news, and detailed financial spreads & ratios. Our FRISK® and PAYCE® Scores are financial distress classification models that measure a business’s probability of bankruptcy within a year. The FRISK® score also includes a risk signal based on the aggregate research behaviors of our subscribers, who control counterparty access to trade credit at some of the most sophisticated companies in the world. The inclusion of this risk signal boosts the overall accuracy of this bankruptcy analytic by lowering the false positive rate for the riskiest corporations. Through its Trade Contributor Program, the Company receives monthly confidential accounts receivables data from hundreds of subscribers and non-subscribers, which it parses, processes, aggregates, and reports to summarize the invoice payment behavior of B2B counterparties without disclosing the specific contributors of this information. The size of the Trade Contributor Program’s current annualized trade credit transaction data is approximately $3 trillion.

Fisibility

Fisibility is a multi-patent pending Financial Management SaaS platform that helps businesses prevent money leakage while digitally organizing & managing all of their Financial, Accounting and Book-Keeping activities for all staff members, contractors, customers, and suppliers. Fisibility Key Features and Functionality Include: -Expense & Cost Tracking -Budget Management -Supplier Invoice Audit & Bill Management -Document & Contract Management -Business Intelligence Dashboards -Automated Reporting -Risk Management -Inventory and Order Management -Consolidation of Financial Data from multiple sources into a single-system -Financial Performance Intelligence w/ Recommendations & Insights Fisibility Primary Value and Benefits Include: -User-Friendly Interface. -Immediate User Knowledge and Usage Confidence. -No Cost, Self-Service Implementation. -Prevents Money Leakage. -Answers the "How" & "Why" of Financial Performance -Facilitates Quicker & More Profitable Business Decisions -Eliminates Accounting Headaches. -Use as a Compliment to Existing Accounting Software -Use as a Stand-Alone Platform. -Affordable Pricing Structure from Micro-to-Enterprise Businesses.

Average Rating: 3.5/5.0

Total Reviews: 1

NEX

NEX is a financial analysis and decision-support platform designed to help businesses, entrepreneurs, finance teams, and financial professionals turn financial statements into clear, structured, and actionable insights. The platform enables users to upload financial reports and analyze key financial information without relying on time-consuming manual calculations or fragmented spreadsheets. NEX combines automated financial data extraction, validation, financial ratio analysis, performance comparison, risk identification, and AI-assisted insights in one streamlined workflow. Users can quickly review profitability, liquidity, leverage, efficiency, cash position, and other important financial indicators while comparing current and previous reporting periods. The platform highlights key financial health and risk signals, identifies material changes in performance, and presents management-focused insights that help users understand what requires attention. NEX also provides decision-support recommendations based on the financial information analyzed, helping users move from raw financial data to practical next steps. NEX is designed to make financial analysis easier to understand and more accessible for small and growing businesses, entrepreneurs, consultants, and finance professionals. Its visual dashboards and structured reports help users identify trends, monitor financial health, evaluate performance, and support better-informed business decisions. By combining financial analysis with AI-assisted interpretation, NEX helps reduce manual analysis time while maintaining a transparent and structured approach to financial review. The platform is web-based and can be used for recurring financial analysis, performance monitoring, and decision support across different business situations.