Financial risk management software manages exposure to various types of risk for financial services institutions by conducting in-depth analysis, generating reports, and simulating investment scenarios. Financial services institutions use these solutions to conduct detailed analysis on potential deals and investments. Financial risk management software is used by financial services professionals to identify risk, measure the amount of risk, and generate plans to deal with the risk.
Financial risk management software help businesses, typically investment firms, generate value for shareholders by identifying good hedging opportunities to manage risk. This often includes analyzing scenarios, reporting on those scenarios, and generating scenario simulations to determine the best possible investment opportunities using available financial instruments.
Financial risk management software is part of the financial services software category and imports market data to help in conducting analysis. These solutions may integrate with financial research software and connect with other data sources to provide a more comprehensive set of data to work with.
To qualify for inclusion in the Financial Risk Management category, a product must:
Conduct risk exposure analysis across multiple asset classes
Generate financial risk reports
Simulate deal and investment scenarios