SynoFin
SynoFin is the first FMA Liechtenstein-licensed risk manager (AIFMG), providing the modular RiskMan software platform plus managed risk-services and training to asset managers, fund companies, banks, insurers and wealth managers across DACH and Luxembourg.
- Company typePrivate
- Founded2013
- HeadquartersRuggell, Liechtenstein
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SynoFin does
SynoFin Risikomanagement Service AG, founded on 15 February 2013 in Ruggell, Principality of Liechtenstein, is the first Financial Market Authority (FMA) Liechtenstein-licensed risk manager under the AIFMG and the developer of the RiskMan software platform. The company provides modular, web-based risk management software and adjacent services to financial institutions — asset managers, fund companies, banks, insurance companies and wealth managers / fiduciary firms — primarily across the German-speaking DACH region (Liechtenstein, Switzerland, Germany, Austria) and Luxembourg, with an installed base covering all five of Liechtenstein's largest fund companies and customers including LGT, Liechtensteinische Landesbank (LLB), Commerzbank, VP Fund Solutions (VP Bank), Bendura Fund, Swisspartners, Accuro Funds, Alean Capital and OneFunds.
The RiskMan platform consists of a Basic Module (calculation kernel, role-based and workflow-controlled web application with parallel processing) and a suite of regulated add-on modules covering Investment Compliance (pre-trade and post-trade limit checking), SCR Solvency (Solvency II market risk reporting using EIOPA curves), SRRI (1-7 scale KIID methodology with Sliding Window Test), Dashboards including a 3D visualization, the BilanzCockpit balance sheet risk cockpit (integrated with BearingPoint's FiRE system), and the Unternehmensrisiko (opRisk) module. Underlying computational methods include quasi-Monte Carlo VaR, clean backtesting with VaR scaling, over 100 configurable stress scenarios, and a Mahalanobis-distance-based Worst-Case-Finder developed at the Austrian National Bank. Quality and controls are anchored by annual ISAE3000/3402 Type 2 certification (PwC, since 2017) and FMA regulatory oversight.
Monetization spans three streams: recurring SaaS subscriptions to the RiskMan platform (quote-based, configuration-dependent), RiskService — full or partial delegation of risk management under AIFMG/UCITSG via SynoFin's FMA-licensed status — and RiskTraining, a professional training program offered in-house and via the VSV / finlearn program. Go-to-market is enterprise direct sales complemented by strategic distribution partnerships: the RiskMan platform is embedded in UI-Labs' Flow Suite (targeting German KVGs), distributed via LABS front-to-back services, and listed on Temenos Exchange (global banking marketplace); IT infrastructure and a majority shareholder stake come from CPB Software AG (Vienna) following an acquisition in May 2025. Headcount sits in the 11-50 band across the Liechtenstein headquarters, Zürich and Miltenberg (Germany) offices.
SynoFin firmographics
Firmographics- Name
- SynoFin
- Legal name
- SynoFin Risikomanagement Service AG
- Website
- https://synofin.li
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SynoFin is the first FMA Liechtenstein-licensed risk manager (AIFMG), providing the modular RiskMan software platform plus managed risk-services and training to asset managers, fund companies, banks, insurers and wealth managers across DACH and Luxembourg.
- Ownership category
- akta.pro rank
SynoFin industry classification
Industry- Product category
- Risk Management Software
- NAICS
- Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming Services (7371), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Prudential & Market Risk Management (VaR, Stress, Limits) (FSACAJAF)
- akta.pro secondary industry
- Operational Risk & Controls (RCSA, KRIs, Incident/Loss) (FSACAJAJ)
Keywords
Where SynoFin is headquartered
LocationHeadquarters
- HQ city
- Ruggell
- HQ country
- Liechtenstein
- HQ region
- Europe
Offices3 records
Markets served
SynoFin business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- RiskMan Software-as-a-Service: SaaS-based risk management platform subscription with modular components including Basic Module, Investment Compliance, SCR Solvency, SRRI, Dashboards, BilanzCockpit, and Unternehmensrisiko modules. Clients access the platform via web browser for risk calculations, reporting, and dashboards.
- Risk Management Delegation/Outsourcing Services: Full delegation of risk management to SynoFin as AIFMG-licensed risk manager. Covers complete operational risk management including accompaniment, advice and operational business support per AIFMG and UCITSG regulations.
- RiskTraining Professional Services: In-house training programs and FinLearn program of VSV Swiss Asset Managers Association. Modules include Risk Management Basics, OpRisk Company Risk Analysis, Market Risk Management, and Structured Products.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
SynoFin product offering
Product offeringCore offering
SynoFin develops and operates RiskMan, a modular, web-based, role-based and workflow-controlled risk management software platform that calculates market, credit and liquidity risk, performs stress testing, backtesting, investment limit compliance checks, SRRI, SCR Solvency II calculations and corporate (opRisk) reporting for financial institutions. The company also offers RiskService (full delegation of risk management as an AIFMG-licensed risk manager) and RiskTraining programs. Solutions are tailored per client business model and regulatory regime.
Product overview
SynoFin offers RiskMan, a modular risk management software platform with flexible, combinable modules for financial institutions including wealth managers, fund companies, asset managers, banks, and insurance companies. The platform consists of the RiskMan Basic Module as the core foundation, supplemented by specialized add-on modules including Investment Compliance, SCR Solvency, SRRI, Dashboards (including 3D visualization), BilanzCockpit, Unternehmensrisiko (opRisk), Worst Case Finder, and Backtesting/Stress Tests. Additionally, SynoFin provides RiskService for full delegation of risk management and RiskTraining for professional development. All modules are ISAE3000/3402 certified and FMA-approved, providing scalable solutions from a few to several hundred portfolios with web-based access, automated processing, and comprehensive regulatory compliance.
Differentiator
Problem solved
Functional benefit
Brands
- RiskMan: Modular risk management software platform providing market risk, credit risk, liquidity risk calculations, stress testing, backtesting, investment compliance, SRRI, SCR, and corporate risk modules for asset managers, fund companies, banks, and insurers.
Products and services
- RiskMan Platform
Quantifiable outcome
- Process up to 170 portfolios per hour with 7x24 availability
- +3 more outcomes
Companies that use SynoFin
Customer profileNamed customers11 records
Segments5 records
Ideal customer profiles5 records
SynoFin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability2 records
Feature12 records
SynoFin partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor, core and flagship.
- RiskON Initiative (ETH Zürich / University of Zurich)minorJoint initiative with Prof. Walter Farkas to drive development of risk management in Switzerland. Professional risk expertise combined with young academics to develop concrete solutions for real risk management problems.
- Temenos ExchangecoreSynoFin joined Temenos Exchange as fintech partner, enabling publication and availability to thousands of banks globally running on the Temenos platform. Temenos Exchange acts as accelerator for fintechs helping develop, validate and monetize new banking solutions.
- CPB Software AGflagshipCPB Software AG is a strategic partner and majority stakeholder in SynoFin. As a full-service provider with 25+ years of experience and 550+ clients, CPB offers comprehensive IT solutions including software development, BPaaS and IaaS services. The partnership provides SynoFin with IT infrastructure and development support. In May 2025, CPB acquired a stake in SynoFin AG in Liechtenstein, strengthening the strategic relationship.
- UI-Labs (Universal-Investment-Labs GmbH)coreRiskMan is integral component of UI-Labs platform covering entire value chain. UI-Labs provides data warehouse (labs DWH) with quality-assured data from various sources. Integration enables comprehensive fund solutions for German KVGs with RiskMan handling all risk calculation requirements. Partnership includes joint customer onboarding.
- Lupus Alpha Business Solutions GmbH (LABS)coreStrategic partnership providing front-to-back service from single source. LABS focuses on data management, regulatory reporting and outsourcing services in German-speaking asset management. Combined with SynoFin's risk management, customers receive comprehensive modular service without complex integration. Results visualized in state-of-the-art dashboard technology and SynoFin RiskMan 3D.
- BearingPoint (FiRE system)coreRiskMan BilanzCockpit integrates via interface to FiRE from BearingPoint. The interface guarantees highest possible data quality and stability as well as rapid implementation. Static risk measures for interest rate risk, liquidity and own funds are loaded and processed through this integration.
- Prof. Dr. Walter Farkas (ETH Zürich / University of Zurich)coreAcademic expert partner providing financial mathematics expertise. Program Director of Quantitative Finance at UZH, Associated Faculty at ETH, SFI and PRMIA leadership. Contributes to RiskON 2023 initiative for development of risk management in Switzerland. Also KPMG and Deloitte consultant.
Scale indicators7 records
Recent moves8 records
Expansion highlights7 records
SynoFin competitors and assessment
Company assessmentBroad incumbents
- BearingPoint: Global management and technology consultancy whose FiRE platform is already an integration partner for SynoFin's RiskMan BilanzCockpit. Overlaps in regulatory, risk and balance-sheet advisory for European banks and insurers; competes most directly when buyers bundle risk software with consulting transformation mandates rather than point-solutions.
- Moody's Analytics: Global risk, regulatory and financial analytics arm of Moody's, including RiskFrontier, CreditEdge and regulatory reporting suites sold to banks, insurers and asset managers across Europe. Overlaps SynoFin on market risk, credit risk and regulatory capital reporting — typically at the larger enterprise end of the buyer spectrum.
- MSCI (RiskMetrics): Global provider of portfolio risk analytics (RiskMetrics), ESG and climate data used by the world's largest asset managers, banks and insurers. Represents the enterprise-tier reference point that DACH buyers benchmark SynoFin against on VaR, stress testing and performance attribution.
- Bloomberg PORT: Portfolio & risk analytics application embedded in Bloomberg Terminal workflows, widely used by buy-side institutions for VaR, stress testing and performance attribution. Comparable as the incumbent choice for DACH asset managers whose risk team is large enough to justify a Bloomberg seat.
- SAS Institute (SAS Risk): Global analytics platform vendor with a dedicated SAS Risk and Compliance suite sold to banks and insurers for stress testing, IFRS 9, market and credit risk. Comparable as an enterprise-tier all-in-one risk analytics alternative that DACH incumbents could choose instead of SynoFin's modular SaaS.
Emerging players
- Regnology: Frankfurt-based regulatory reporting and supervisory technology vendor (formerly BearingPoint RegTech), serving banks, insurers and asset managers across Europe with cloud-native regulatory solutions. Comparable because it sits in the same DACH RegTech buyer journey alongside RiskMan and increasingly bundles risk analytics with reporting.
Others
- Universal-Investment (UI-Labs parent): Frankfurt-based German master-KVG and fund-services platform whose subsidiary UI-Labs embeds RiskMan as a core component of its Flow Suite offering. Listed as OTHERS rather than competitor because it is simultaneously SynoFin's most important channel partner for German KVGs and a potential platform-level bundling threat.
Direct peers
- msgGillardon (msg): Ismaning-headquartered IT and consulting firm for the financial services sector, with dedicated bank-risk and regulatory-reporting software (e.g. GPB-AI, Figo Suite) used by German cooperative banks, Sparkassen and Landesbanken. Directly comparable as a DACH-anchored risk/regulatory software provider serving the same kind of mid-tier banking and asset-management buyer that SynoFin targets.
- Lucht Probst Associates (LPA): Frankfurt-based specialist in regulatory, risk and compliance software for asset managers, banks and insurers in the DACH region (e.g. CorrelAid, tax and reporting suites). LPA is the closest direct competitor to SynoFin's RiskMan — both serve small-and-mid-cap fund and bank customers in DACH under AIFMG/UCITSG/KAGB with modular risk and reporting platforms.
Regional players
- zeb consulting: Münster-based consultancy exclusively serving the European banking sector, with established risk, regulatory and treasury advisory practices. Comparable at the buyer level — zeb clients in DACH often evaluate risk-software mandates alongside their zeb advisory engagements, putting it directly in SynoFin's competitive set even though zeb is consulting-led.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
SynoFin social profiles
Digital presenceSynoFin compliance and trust
Trust signalCompliance3 records
SynoFin financial estimates
Financial estimateRevenue estimate
Valuation estimate
SynoFin leadership team
Management profileNumber of profiles
Profiles5 records
SynoFin funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SynoFin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SynoFin
What does SynoFin do?
SynoFin develops and operates RiskMan, a modular, web-based, role-based and workflow-controlled risk management software platform that calculates market, credit and liquidity risk, performs stress testing, backtesting, investment limit compliance checks, SRRI, SCR Solvency II calculations and corporate (opRisk) reporting for financial institutions. The company also offers RiskService (full delegation of risk management as an AIFMG-licensed risk manager) and RiskTraining programs. Solutions are tailored per client business model and regulatory regime.
Is SynoFin a public or private company?
SynoFin is a private company. It is classified as venture growth investor backed and is currently operating.
When was SynoFin founded?
SynoFin was founded in 2013. It employs 11 to 50 people.
Where is SynoFin based?
SynoFin is headquartered in Ruggell, Liechtenstein, in the Europe region.
How does SynoFin make money?
Three revenue lines are on record. RiskMan Software-as-a-Service is the primary driver. The others are risk Management Delegation/Outsourcing Services and riskTraining Professional Services.
Who are SynoFin's main competitors?
Broad incumbents on record are BearingPoint, Moody's Analytics, MSCI (RiskMetrics), Bloomberg PORT and SAS Institute (SAS Risk). Regnology is listed as an emerging player. Universal-Investment (UI-Labs parent) is listed as an others. Direct peers are msgGillardon (msg) and Lucht Probst Associates (LPA). zeb consulting is listed as a regional player.
Does SynoFin have an API?
No public API is recorded for SynoFin.
What industry is SynoFin in?
SynoFin's product category is Risk Management Software. Its primary akta.pro industry code is FSACAJAF, Prudential & Market Risk Management (VaR, Stress, Limits), with a secondary code of FSACAJAJ, Operational Risk & Controls (RCSA, KRIs, Incident/Loss). Its NAICS code is 541511 and its SIC code is 7371.