Mirai

What Mirai does

Mirai (operating as Mirai RiskTech) is a cloud-native SaaS provider of balance sheet management software for the banking and financial services sector. Founded in 2013 in Madrid, Spain, the company began as a specialist consultancy in asset-liability management (ALM), liquidity, funds transfer pricing (FTP), and regulatory projects before pivoting in 2016 to develop its enterprise SaaS platform. The customer base is concentrated in Tier 1 Global Systemically Important Banks (G-SIBs) and Tier 2 regional and mid-tier banks, with selected fintech and payment firms; named clients include Banco Santander, PayPal, BNY Mellon, State Street, Western Alliance Bank, Sabadell, Openbank, and Flywire, with operations spanning more than 10 countries across North America, LATAM, EMEA, and the Middle East.

The platform is built on a microservices architecture with continuous integration, delivering unified capabilities across scenario simulation, behavioral modeling, regulatory reporting, and AI-driven assumption self-calibration on a single governed data foundation with transaction-level granularity. Core products include Mirai ALM and Liquidity (IRRBB and liquidity risk management), Mirai Regulatory Reporting (covering EBA, IRRBB, LCR, NSFR, FINREP, and COREP), Mirai FTP and Profitability, and Mirai AI. Notable features include the Scenario Simulation Engine (unlimited parallel scenario execution), Versioning (complete snapshot of every scenario run with side-by-side comparison), the ALCO Pack integrated reporting dashboard, and External Modeling Information (EMI) for macroeconomic factor integration. The company contractually guarantees that every new regulatory request is available before it becomes mandated.

Mirai monetizes through SaaS subscriptions and consulting services, delivered via a 100% direct enterprise field sales motion with no self-serve option. The sales process follows a structured demo evaluation — personalized 30-minute live demo, fit call, and guided demo — with pricing likely enterprise-tier based on institution size and scope. The company is privately held and founder-led, with Olmo Vázquez serving as Co-Founder and CEO, and operates with approximately 150 employees across 20+ countries, with hubs in Madrid, Mexico City, Boston, New York, Miami, and London. Mirai was named a Chartis Research Category Leader across seven ALM and Regulatory Reporting quadrants in 2025 and advanced to the global Top 50 in the RiskTech100 2026, while holding ISO 27001 certification and GDPR compliance.

Name

Mirai

Legal name

MIRAI ADVISORY, S.L.U.

Website

https://www.mirairisktech.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

Mirai provides cloud-native SaaS for balance sheet management, including ALM, liquidity risk, FTP, regulatory reporting, and AI-driven behavioral modeling, serving global banks — including Tier 1 GSIBs and Tier 2 regional banks — across 10+ countries with hubs in Madrid, Boston, New York, Miami, Mexico City, and London.

Ownership category

akta.pro rank

Product category

Financial Risk and ALM Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Custom Computer Programming Services (541511)

SIC

Finance Services (6199)

akta.pro primary industry

SME Treasury & Liquidity Management (FX, Hedging, Sweep/Investment) (FSABABAE)

Keywords

• Asset liability management
• Liquidity risk software
• Regulatory reporting automation
• Funds transfer pricing
• Balance sheet management

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Subscription: Cloud-native SaaS subscription for balance sheet management platform. Fully managed service with quarterly innovation releases included at no additional cost. Pricing likely enterprise-tier based on institution size and scope.
2. Consulting Services: Expert-led, data-driven advisory for balance sheet, treasury and risk operations transformation. Complements the SaaS platform with implementation and consulting engagements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels10 records

Core offering

Mirai provides a cloud-native SaaS platform that unifies Asset Liability Management (ALM), liquidity risk management, Funds Transfer Pricing (FTP), regulatory reporting, and AI-powered balance sheet optimization for banks. The platform delivers real-time parallel scenario simulation, transactional-level data granularity, and contractually guaranteed pre-mandate regulatory compliance (EBA, ECB, Fed, PRA, Bank of Mexico, Bank of Chile).

Product overview

Mirai offers a unified, cloud-native Balance Sheet Management SaaS platform comprising four core products: Mirai ALM & Liquidity, Mirai Regulatory Reporting, Mirai FTP & Profitability, and Mirai AI. These products work together as an integrated platform providing a single governed foundation across Treasury, ALM, Risk, and Finance. The platform enables scenario simulation, behavioral modeling, regulatory reporting, and AI-powered balance sheet optimization. Solutions are also offered by use case (Treasury, Market Risk, FTP & Planning, IT) to address specific bank needs. All products share common parameterization, a unified data model, and consistent assumptions across all modules.

Differentiator

Problem solved

Functional benefit

Brands

• Mirai ALM & Liquidity: Integrated ALM and liquidity risk management solution
• Mirai Regulatory Reporting
• Mirai FTP & Profitability
• Mirai AI

Products and services

• Mirai ALM & Liquidity Integrated ALM and liquidity risk management solution for optimizing IRRBB and liquidity risk. Designed for bank Treasury, ALM, and Risk functions at Tier 1 GSIBs, Tier 2, and smaller banks.
• Mirai Regulatory Reporting Comprehensive automated regulatory compliance solution covering EBA liquidity reporting, IRRBB, LCR, NSFR, FINREP, and COREP. Contractually guarantees every new regulatory request is available before it becomes mandated.
• Mirai FTP & Profitability Funds Transfer Pricing solution enabling sustained profitability through driver-based FTP for transparent profitability planning and NII volatility control. Supports multiple calculation methods including contractual phase or state.
• Mirai AI AI-powered balance sheet optimization providing data-driven insights for critical steering decisions through reliable AI and machine learning analytics. Continuously self-calibrates behavioral assumptions (deposit decay, beta sensitivity, prepayment, default, non-maturity deposits, market interest rates) on deep historical data.
• Mirai Consulting Services Expert-led, data-driven advisory for balance sheet, treasury, and risk operations transformation. Complements the Mirai SaaS platform with implementation and consulting engagements for banks undergoing ALM modernization.

Quantifiable outcome

• Scenario processing time reduced from 35+ hours to 25 minutes for G-SIB client
• +4 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature10 records

Partnerships

One partnership is on record.

• Amazon Web Services (AWS) SpaincoreTechnology or Integration · 2 April 2025AWS Spain partnered with Mirai for the II Executive Breakfast Madrid event, hosted at AWS Spain headquarters in Torre Foster. AWS provides cloud infrastructure powering Mirai's cloud-native SaaS platform. The partnership demonstrates technological collaboration for financial risk technology delivery.

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Moody's Analytics: Moody's Analytics is the most established vendor of ALM, IRRBB, liquidity risk, and regulatory reporting software to global banks. It directly competes with Mirai's ALM & Liquidity and Regulatory Reporting modules for the same G-SIB and Tier 1 buyer.
• Wolters Kluwer (OneSumX): Wolters Kluwer's OneSumX is a leading regulatory reporting and ALM platform for banks across EBA, PRA, and Fed regimes. It competes head-to-head with Mirai Regulatory Reporting and parts of Mirai ALM in the same bank risk and compliance functions.
• Murex: Murex provides a treasury, ALM, and capital markets platform used by large global banks. It is a direct competitor to Mirai's ALM and FTP capabilities, particularly with Tier 1 institutions running complex, multi-entity balance sheets.
• Calypso (ION Group): ION's Calypso is a treasury, liquidity, and balance sheet management platform widely deployed at large banks. It competes directly with Mirai ALM & Liquidity and Mirai FTP for the same enterprise treasury buyer.
• Finastra: Finastra provides a broad banking software suite including treasury, risk, and regulatory reporting modules. It overlaps with Mirai across ALM and regulatory reporting, particularly in Tier 2 and emerging-market banks that constitute Mirai's expansion target.

Broad incumbents

• SAS: SAS offers a broad risk analytics and regulatory reporting platform used by global banks. While not a pure ALM specialist, it competes with Mirai on regulatory reporting, stress testing, and scenario analytics inside bank risk functions.
• FIS: FIS is a large incumbent banking technology provider spanning core, treasury, and risk. It competes with Mirai as part of broader bank-vendor consolidation decisions, especially in North American Tier 1 and Tier 2 banks.
• Oracle Financial Services: Oracle Financial Services Analytical Applications (OFSAA) offers ALM, FTP, and regulatory reporting for global banks. It is a broad incumbent that competes with Mirai's ALM, FTP, and Regulatory Reporting products in large, complex banking groups.
• Bloomberg (PORT and Risk): Bloomberg's PORT and broader risk analytics suite are widely used by large banks for portfolio and balance sheet risk. It serves as an incumbent benchmark that Mirai is increasingly positioned against in market risk and FTP conversations at Tier 1 institutions.

Emerging players

• Numerix: Numerix provides analytics for derivatives, market risk, and balance sheet valuation across capital markets and bank treasury. It overlaps with Mirai in market risk and structural risk modeling for sophisticated banking and capital markets clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Mirai-risktech
• LinkedInlinkedin.com/company/3306739

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mirai