Top Risk Management Startups in 2024

Our HData Platform is built out of a partnership between IRIS, a leading global provider of regulatory reporting platforms, and HData, which delivers and scales RegTech solutions. The HData Platform combines a simple, intuitive Filing Solution with a powerful Data Hub, working together to bring compliance enriched with insights. Starting in December 2021, the FERC will require energy companies to file select annual and quarterly reports in a new structured data format (XBRL, which stands for eXtensible Business Reporting Language), replacing PDF-based forms. This is an opportunity for energy companies to make their compliance processes easier, faster, and smarter. The HData Platform helps energy companies take advantage of the FERC’s new system to make compliance easier and more aware. Our HData Platform automates the filing process, automatically infuses insights from past and peers’ reports, and enables a comprehensive view of the energy industry.

Bureau is a first-of-its-kind trust network that delivers unprecedented trust and security to businesses and consumers. Think of us as a one-stop platform that helps businesses automate their decisions, prevent fraud, and power seamless user experiences. With Bureau, onboarding good customers, starting a new e-commerce business, setting up a gaming company and transacting in cryptocurrencies is as easy as shopping on Amazon. Bureau provides an accurate and comprehensive picture of each of your customers, so that you can confidently transact without fear of fraud. The ramifications of online fraud can be devastating for both businesses and the consumers they serve. Businesses add more friction points which leads to a frustrating user experience for consumers which in turn leads to lower conversions and more dropouts. It’s a vicious cycle. We believe that good customers should never be made to jump through verification hoops. We make it easy for companies to remove friction and serve their customers, while keeping bad actors out. Our platform takes the complexity out of identity verification and can easily be integrated with your backend. By combining ease of integration with a depth of functionality, we are able to provide a solution that can overcome the challenges of sophisticated online frauds. Whether you are a big fintech firm or a small e-commerce startup, our solution simplifies identity verification and fraud prevention so that you can focus on what matters: growth.

The Problem: RISK High-value documents, such as requirements, designs, proposals, and contracts are the knowledge real-estate of an organization. Ambiguous language, in those high-value documents, can open organizations to liability and risk. The patented Vital Text Analytic Service (VTAS) finds problematic language, in real-time, before it becomes a problem.  The intuitive interface provides visual cues and clear explanations to help users quickly identify and rectify risky language, while educating them on how to avoid similar issues in the future. Unlike grammar and spelling checkers, VTAS focuses on intent and meaning. i.e. "Does a sentence actually convey what the author intended, or can it be misconstrued by a reader to mean something else?" A seemingly small ambiguity, in an important document, can expose an organization to tremendous risk. Just take a look at some of the examples in our "Additional Info" section. VTAS is an insurance policy against such risk.

Sylvr is an online platform that provides risk perspective to Small and Medium enterprises, Boutique Consultants and Financiers. Over 90% businesses are micro, small & medium enterprises. Within ten years, 60-70% shutdown! Over 82% fail due to cash flow issues. 46% owners are not comfortable analyzing financial statements, with 82% 'financially illiterate' owners not maintaining cashflow forecasts and then its no surprise that 45% of trade finance applications from SMEs are rejected by banks. On other hand, insights-driven companies grow 27% YoY. Sylvr helps point SMEs' decision-makers and external Experts in right direction. It helps decode clues from environment, diagnose business situation & trajectory, support to re-direct business plan and develop required capabilities. It impacts society by helping retirees share experience, up-skill and team up to develop human capital of their erstwhile domains with better technology, and help SMEs build capabilities sustainably.

Pave.dev helps consumer and SMB credit risk teams increase approvals through AI-powered cashflow analytics. 100 million+ US consumers and businesses are financially underserved, simply because their data is not recognized by the traditional financial system. We solve this by transforming transaction data, loan performance outcomes, and credit reports into Cashflow-driven Attributes and Scores, enabling increased financial access to new customer segments without increasing risk. Our mission is to build a future where every person and business has access to equitable credit solutions by creating a new standard of Cashflow-driven Analytics. We’re growing quickly and would love to hear from you! [email protected]

Polygon is shaping the future of policy process management. Policy process management is our thing. Creation, implementation, training, and management for the entire lifecycle of policy processes. Your compliance journey begins here and it starts with your people and processes, not technology. The planning and implementation of compliance controls within any business is a challenge. Our team has years of experience in navigating the compliance needs of businesses, providing guidance on frameworks, building implementation strategies, and providing training and support to businesses of all sizes. Our Vision We are consulting company focusing on the empowerment of the compliance function within the Managed Service Provider (MSP) space by streamlining their compliance operations. Our mission is to provide MSPs with the tools, insight and understanding to help with compliance evaluations, risk assessments, and gap analysis and policy process management

We’re solving a critical problem for the American homeowner - the exploding cost of homeowners insurance - specifically, for consumers in natural catastrophe heavy areas. From south Texas to woodland California to the Jersey shore, consumers are being asked to pay thousands more in insurance premiums every year. For decades, the insurance industry has met the needs of these consumers with a transaction based in PDFs and faxes, and underwriting based on anecdote and human experience. Risk isn’t priced accurately, the sale is high friction and confusing, and those who bear the risk have lost money hand over fist. This is a $30b TAM space where software can create massive value across multiple dimensions; we at Annex are building a platform connecting the dots between what’s best for consumers, insurance agents and reinsurers.

True Beacon One - a Category III Alternative Investment Fund - employs a defensive hybrid strategy, investing in Indian large-cap equities to capture market growth. Our Wealth management products and services cater to several hundred sophisticated domestic Indian and global clients who want to capture India’s economic and equity market growth.

At Agio, we believe the digital asset industry is massively underserved when it comes to access to reliable risk data. TradFi investors can price risk with help from the big ratings agencies; digital asset investors have to scroll Twitter and Telegram for risk signals. They deserve better, and the market’s allocators and regulators expect more. That's why Agio has developed quantifiable measures of default risk, beginning with the leading centralized exchanges. Our models flagged FTX as one of the riskiest exchanges in July 2022. We’ve since developed daily default probabilities for 70+ entities. We're proud to be working with the industyr's leading firms and be backed by Portage, Superscrypt and MS&AD.