Monte Carlo Plus

What Monte Carlo Plus does

Monte Carlo Plus, legally Economic Capital Solutions Ltd, is a UK-based private software firm founded around 2015 that builds risk management and regulatory compliance tools for financial institutions. The company serves UK and EU-regulated financial firms — primarily investment management and asset management businesses subject to FCA, IFPR, and BaFin frameworks — as well as non-financial corporate clients requiring risk quantification. Its core product portfolio centers on ICARA (Internal Capital Adequacy and Risk Assessment) as the regulatory backbone, supplemented by CM+ for capital and liquidity management, ERM+ for enterprise risk management, and Peer Analysis for operational risk benchmarking. Underpinning these is a suite of point-solution Risk Apps (Operational, Counterparty, Market, Credit, Cyber, Supply Chain VaR calculators, plus risk appetite/EWI and correlation tools) delivered as web-based calculators or API-accessible services on riskplus.net subdomains.

The technology stack is built around Monte Carlo simulation-based risk quantification engines with regulatory process automation, including Excel-format FCA MIF007 reporting form generation. The platform is designed for non-quantitative users, emphasizing intuitive interfaces and plug-and-play deployment in weeks rather than months, contrasting with the complexity of larger GRC suites. All point solutions and core products are integrated through APIs, enabling embedding into client systems. The firm is differentiated by claimed radically low cost of ownership, with one documented case showing 30% compliance cost reduction for a German asset manager.

The business model combines SaaS subscriptions for software point solutions with professional advisory services covering ICAAP review, ICARA design, ML/AI risk assessment, model risk validation, ESG risk metrics, and scenario modelling. Distribution is hybrid: enterprise field sales for advisory and core platforms via demo requests, alongside self-service access to point solutions through web portals. Go-to-market is currently concentrated in the UK with active expansion into Germany, supported by content marketing, downloadable resources, and LinkedIn presence.

Name

Monte Carlo Plus

Legal name

Economic Capital Solutions Ltd

Website

https://montecarloplus.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Monte Carlo Plus provides Monte Carlo simulation-based risk management and regulatory compliance software (ICARA, CM+, ERM+) for UK and EU-regulated investment management and financial firms, supplemented by advisory services in capital adequacy and model risk.

Ownership category

akta.pro rank

Product category

Regulatory Risk Management Software

NAICS

Portfolio Management and Investment Advice (523940), Finance and Insurance (52)

SIC

Investment Advice (6282)

akta.pro primary industry

Prudential & Market Risk Management (VaR, Stress, Limits) (FSACAJAF)

akta.pro secondary industries

Operational Risk & Controls (RCSA, KRIs, Incident/Loss) (FSACAJAJ), Counterparty Credit Risk & Margin (CSA, IM/VM, SIMM) (FSACAJAG), Credit Monitoring, Portfolio Analytics & Early Warning Systems (FSAGAHAJ), Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG)

Keywords

• Risk management software
• Regulatory compliance tools
• Capital adequacy software
• Operational risk analytics
• ICARA ICAAP solutions

Headquarters

HQ city

Tonbridge

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software as a Service (Point Solutions): Risk calculation tools delivered as point solutions accessible via web portals. Users can pick and choose individual tools or integrate them as APIs into their systems.
2. Advisory Services: Expert consulting services for ICAAP review, ICARA design and delivery, ML/AI risk assessment, Enterprise Risk Management, Model Risk validation, ESG risk metrics, and scenario modelling.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Monte Carlo Plus develops risk management software and provides advisory services for financial firms, automating ICARA and ICAAP regulatory compliance processes. Their portfolio includes the ICARA framework tool, CM+ for regulatory capital and liquidity management, ERM+ for operational risk management, and a suite of Risk Apps point solutions (Operational Risk VaR, Counterparty VaR, Market Risk VaR, Cyber Risk VaR, Credit Risk VaR, Risk Aggregation, Supply Chain Risk, EWI) available as standalone web calculators or via APIs. They also deliver expert advisory engagements covering ICAAP review, ML/AI risk assessment, model risk validation, ESG risk metrics, and scenario modelling.

Product overview

Monte Carlo Plus offers a modular risk management platform designed to transform complex regulatory compliance into cost-efficient processes. The portfolio centers on ICARA (Internal Capital Adequacy and Risk Assessment) as the core framework, supported by CM+ (Capital Management Plus) for regulatory capital and liquidity automation and ERM+ (Enterprise Risk Management Plus) for operational risk management. These core products are complemented by Peer Analysis for benchmarking, Risk Apps (a suite of point solutions including Operational Risk VaR, Counterparty Risk VaR, Supply Chain Risk, Market Risk VaR, Cyber Risk VaR, Risk Appetite/EWI, Credit Risk VaR, Risk Aggregation, and Correlation Modeling) available as standalone tools or integrated via APIs, and Advisory Services covering consulting engagements. The platform differentiates through user-friendly design that does not require quantitative expertise, enabling real-time risk analysis and regulatory capital calculations.

Differentiator

Problem solved

Functional benefit

Brands

• ICARA: Internal Capital Adequacy and Risk Assessment process templates and automation tools for investment firms.
• CM+
• ERM+
• Peer Analysis

Products and services

• ICARA Internal Capital Adequacy and Risk Assessment tool providing ready-made templates, process automation, and risk quantification capabilities for full or partial ICARA compliance automation for FCA-regulated investment firms, including FCA reporting forms (MIF007) in Excel format.
• CM+ (Capital Management Plus) Single solution for regulatory capital and liquidity management enabling firms to calculate, monitor, report, and consolidate capital and liquidity requirements, with automated Pillar 1 and Pillar 2 calculations, real-time processing, and optimized capital allocation for financial firms.
• ERM+ (Enterprise Risk Management Plus) Intuitive plug-and-play operational risk management solution providing full functionality for managing risks, controls, and processes, with implementation achievable in weeks, offered at a fraction of the cost of larger GRC competitors.
• Peer Analysis Benchmarking service that provides personalized peer comparison reports enabling firms to validate and challenge operational risk scenario assessments against a common set of operational risk inputs, assumptions, and resulting capital requirements.
• Risk Apps Suite of web-based point solutions including Operational Risk VaR, Counterparty Risk VaR, Supply Chain Risk, Market Risk VaR, Cyber Risk VaR, Risk Appetite/EWI, Credit Risk VaR, Risk Aggregation, and Correlation Modeling tools. Available as standalone calculators accessible via riskplus.net domains or integrated via APIs into users' systems.
• Advisory Services Professional consulting services covering ICAAP review and validation, ML and AI risk assessment, enterprise risk management, ICARA design and delivery, model risk validation, ESG risk metrics, peer benchmarking, risk modelling, and corporate risk management advisory for financial firms and regulated entities.

Quantifiable outcome

• 30% reduction in compliance costs for German asset management company

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wolters Kluwer (OneSumX): Wolters Kluwer's OneSumX is a regulatory reporting and risk analytics suite widely used by EU/UK banks and investment firms for capital adequacy, IFRS 9, and prudential reporting — directly competing with Monte Carlo Plus's ICARA, CM+, and Risk Apps portfolio.
• SAS (Risk and OpRisk solutions): SAS provides operational risk, capital adequacy, and stress testing analytics widely adopted by EU banks and asset managers. Its OpRisk and capital management modules compete directly with Monte Carlo Plus's ERM+ and CM+ offerings.
• AxiomSL (Adenza): AxiomSL specializes in regulatory reporting, capital adequacy, and risk data aggregation for global financial institutions, with strong EU/UK coverage. Its ControllerView platform directly overlaps Monte Carlo Plus's ICARA and CM+ value proposition.
• Protecht: Protecht offers enterprise risk management and operational risk software with strong adoption among financial services firms. Its ERM platform is a close functional peer to Monte Carlo Plus's ERM+ offering for risk and controls management.
• Riskonnect: Riskonnect provides integrated risk management and GRC software used by mid-market financial firms, competing with Monte Carlo Plus's ERM+ in operational risk, controls, and regulatory workflow automation.

Broad incumbents

• Moody's Analytics: Moody's Analytics offers CreditEdge, RiskFrontier, and regulatory capital solutions used by global financial institutions. As a broad incumbent, it overlaps Monte Carlo Plus in VaR modeling, credit risk, and regulatory capital analytics for investment firms.
• MSCI (RiskMetrics): MSCI's RiskMetrics and BarraOne platforms are industry-standard VaR and market risk analytics tools used by buy-side and sell-side institutions. While broader in scope, they overlap with Monte Carlo Plus's Market Risk VaR and Risk Aggregation modules.
• IBM OpenPages: IBM OpenPages is a broad GRC platform with modules for operational risk, regulatory compliance, and model risk governance. As an incumbent enterprise suite, it overlaps Monte Carlo Plus's ERM+ and advisory offerings.
• ServiceNow GRC: ServiceNow's GRC and Integrated Risk Management modules serve large enterprises with broad compliance and risk workflows. While not specialized in EU/UK prudential compliance, it competes for the same enterprise risk budget as Monte Carlo Plus.

Emerging players

• Mitratech (Alyne): Mitratech's Alyne offering delivers cloud-based GRC and operational risk software to mid-market financial firms, with growing presence in EU regulatory use cases — positioning it as a comparable emerging risk-tech peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/montecarloplus

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Monte Carlo Plus