Risk Software Technologies
Risk Software Technologies (Risktürk) is a Turkish fintech founded in 2001 that develops risk management software and consulting services for banks, asset managers, brokerages, corporates, and the BDDK regulator, with deep Basel III and BDDK compliance expertise.
- Company typePrivate
- Founded2001
- HeadquartersMaslak
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Risk Software Technologies does
Risk Software Technologies (Risktürk, legal entity Risk Yazılım Teknolojileri Ltd. Ş.T.İ.) is a privately held Turkish fintech founded in 2001 by Prof. Dr. Burak Saltoglu of Boğaziçi University. The company develops and licenses a modular risk management software suite — Market Risk, Credit Risk, ALM (Asset Liability Management), Liquidity Risk, ISEDES/ICAAP, Corporate Treasury, Collateral Management, Fund Risk & Performance Management, and an on-site supervision module — alongside a Matlab-based simulation program (RSim) implementing stochastic interest-rate, FX, and inflation models. Customers include more than 40 banks, asset management companies, brokerage firms, real-sector corporates, and the BDDK regulator, with named relationships spanning Yapı Kredi, Halk Bankası, Şekerbank, TEB, Türkiye Finans, İş Yatırım, Arap Türk Bankası, Nurol Bank, Alternatif Bank, ICBC Turkey, JP Morgan, Rabobank, Turkish Airlines, Turkcell, SOCAR Turkey, and Türkiye Varlık Fonu.
The platform is built on classical financial-econometric techniques — GARCH-family volatility modeling, parametric and non-parametric VaR (variance-covariance, Monte Carlo, historical simulation), Cox-Ingersoll-Ross/Vasicek stochastic interest-rate models, and Geometric Brownian Motion — wrapped in web-based applications and packaged with consulting, training, data integration, and customization services. The Market Risk module is positioned as the most widely used risk management software in Turkey.
Risk Software Technologies monetizes through annual software licensing subscriptions, project-based risk management consulting (model validation, real-sector treasury, investment fund risk), professional training delivered by academic experts, and software customization. The company operates a direct enterprise field-sales motion with no disclosed resellers or channel partners, and is geographically concentrated in Turkey from its headquarters at Istanbul Technical University Ayazağa Campus, ARI-1 Teknopark, Maslak. It is bootstrapped, founder-owned, and self-describes as Turkey's first indigenous risk management software and consulting firm.
Risk Software Technologies firmographics
Firmographics- Name
- Risk Software Technologies
- Legal name
- Risk Yazılım Teknolojileri Ltd. Ş.T.İ.
- Website
- https://riskturk.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Risk Software Technologies (Risktürk) is a Turkish fintech founded in 2001 that develops risk management software and consulting services for banks, asset managers, brokerages, corporates, and the BDDK regulator, with deep Basel III and BDDK compliance expertise.
- Ownership category
- akta.pro rank
Risk Software Technologies industry classification
Industry- Product category
- Financial Risk Management Software
- NAICS
- Software Publishers (5132), Custom Computer Programming Services (541511), Computer Systems Design Services (541512)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Model Risk Management (Pricing/Valuation, Risk Models) (FSACAJAH)
- akta.pro secondary industries
- Model Risk Management & AI Governance (validation, monitoring, explainability) (FSAGAFAL), Risk, Compliance & Internal Controls Consulting (BPAHACAJ), Risk Management (Enterprise, Operational, Model) (EDABAJAF)
Keywords
Where Risk Software Technologies is headquartered
LocationHeadquarters
- HQ city
- Maslak
Offices1 record
Markets served
Risk Software Technologies business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Software Licensing: Enterprise software licenses for risk management modules including Market Risk, Credit Risk, ALM, Liquidity Risk, ISEDES, Collateral Management, and Fund Risk & Performance Management.
- Risk Management Consulting: Consulting services for real sector treasury and risk management, model validation, investment fund risk management (Real Estate, Private Equity, Mutual Funds), and investor risk perception analysis.
- Training Services: Professional training programs on credit risk, market risk, ALM, and treasury management delivered by academic experts including Prof. Burak Saltoğlu.
- Software Customization and Personalization: Customization and personalization of software according to customer needs as part of package solutions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise software licensing with package solutions |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Risk Software Technologies product offering
Product offeringCore offering
Risk Software Technologies (Risktürk) develops and licenses a suite of financial risk management software modules for banks and large corporates in Turkey, including Market Risk, Credit Risk, ALM, Liquidity Risk (LCR/NSFR/LKO), and ISEDES/ICAAP modules built to BDDK and Basel III standards. The company complements its software with risk management consulting, model validation, software customization, and professional training delivered by academic experts, typically packaged as enterprise solutions.
Product overview
Risk Software Technologies (RiskTürk/RYT) offers a comprehensive suite of risk management software solutions and consultancy services. The product portfolio includes a modular platform with core banking risk modules (Market Risk, ALM, Credit Risk, Liquidity Risk, ISEDES/ICAAP), corporate treasury management software, and specialized add-on modules for fund performance, collateral management, and regulatory supervision. The solutions are designed for Turkish banking regulations (BDDK/Basel III compliance) and serve banks, portfolio management companies, brokerage firms, regulatory bodies, and corporate clients. The company also provides related consultancy and professional training services.
Differentiator
Problem solved
Functional benefit
Products and services
- Market Risk Module (Piyasa Riski) The most widely used risk management software in Turkey for measuring market risk and Value at Risk (VaR). Supports parametric and non-parametric VaR methodologies, advanced volatility modeling (GARCH family), stress testing, and scenario analysis for interest rates, FX, stocks, futures, and commodities. Used by bank, portfolio management, and brokerage risk managers.
- Credit Risk Module (Kredi Riski) Proactive credit risk solution for banks that calculates PD, LGD, EAD parameters, Expected Loss (EL), Unexpected Loss (UL), Credit VaR, Economic Capital (ECAP), and provides Risk-Adjusted Credit Pricing and RAROC analysis, with rating migration analysis and correlation structures.
- ALM Module (Asset Liability Management / Aktif Pasif Yönetimi) Comprehensive balance sheet risk management solution for banks featuring GAP analysis, duration and convexity analyses, net interest income simulation, stochastic interest rate and FX rate simulations (CIR, Vasicek, Longstaff & Schwartz), Mark-to-Market and Mark-to-Model valuation, liquidity risk measurement, and funds transfer pricing.
- Liquidity Risk Module (Likidite Riski / LKO)
- ISEDES Module (ICAAP) Internal Capital Adequacy Assessment Process (ICAAP) solution for banks following Basel III / BDDK ISEDES guidelines, supporting forward-looking 3-year capital projections, scenario analysis for interest rate, FX, NPL ratio, and inflation shocks, and internal capital requirement assessment.
- Corporate Treasury and Risk Management Software Enterprise treasury and risk management software for corporates enabling cash flow forecasting, scenario analysis, ERP integration, derivative valuation, VaR/Expected Shortfall/Stress Test/CFaR calculations, and hedging strategy implementation.
- RSim Exchange and Interest Rate Simulation Module Matlab-based simulation program for forecasting interest rates, USD/TRY and EUR/TRY exchange parities, and inflation using stochastic models including Cox-Ingersoll-Ross, Full, Diebond&Li, and Geometric Brownian Motion.
- Fund Risk and Performance Management Module Performance measurement and attribution tool for portfolio management companies providing Sharpe, Treynor, Sortino, Information Ratio, Jensen's Alpha, Modigliani M2, R-squared, return attribution, and performance attribution analyses for securities and pension investment funds.
- Collateral Management Module (Teminat Yönetimi) Collateral management solution that monitors MtM and margin requirements for OTC derivatives (options, forwards, swaps) and FOREX/CFD leveraged transactions, with scenario analysis, margin deficit prediction, and VaR/Expected Shortfall calculations for intraday losses.
- Credit Valuation Module (Kredi Değerleme) Loan evaluation tool for project financing decision support providing NPV, IRR, Duration, Payback Period analyses, and sensitivity analysis with yield curve models for large-scale project and investment financings.
- On-site Supervision Module for Regulators (BDDK) Web-based BDDK Remote Monitoring Application for banking supervision including risk modules, scenario generation, analysis tools, revision capabilities, and comprehensive reporting for regulatory oversight.
- Corporate Risk Management Consultancy (Reel Sektör Risk Yönetimi) Risk management consulting services for real-sector companies, including risk identification, GAP analysis, risk quantification, strategy development, and risk policy recommendations, with 23 years of delivery track record.
- Model Validation Service Independent model validation service covering market risk, credit risk, and ALM models used by banks and corporates.
- Investor Risk Perception Service (Yatırımcı Risk Algısı) Consulting service that analyzes investor risk perception as part of the firm's broader real-sector and asset management advisory offering.
- Professional Training Services Professional training programs covering credit risk, market risk, ALM, treasury management, and R applications for financial risk management professionals, delivered by academic experts.
Quantifiable outcome
- 40+ financial institutions use Risktürk solutions in Turkey
- +2 more outcomes
Companies that use Risk Software Technologies
Customer profileNamed customers39 records
Segments7 records
Ideal customer profiles5 records
Risk Software Technologies technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature10 records
Risk Software Technologies partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Risk Software Technologies competitors and assessment
Company assessmentDirect peers
- Adenza (formerly Calypso Technology): Provides a unified platform for trading, risk, and treasury, including market risk, credit risk, and liquidity. Direct functional overlap with Risktürk's Market Risk, Credit Risk, and Liquidity modules.
- Moody's Analytics: RiskFrontier, CreditEdge, and Capital Risk Suite cover credit, market, and capital adequacy analytics - overlapping with Risktürk's Credit Risk, ISEDES, and stress testing capabilities.
- MSCI (RiskMetrics): RiskMetrics is an industry-standard market and credit risk analytics suite used by global banks; it directly competes with Risktürk's VaR and Credit Risk modules where banks adopt global standards.
- Murex: Global provider of trading, treasury, and risk management platforms for banks. Competes directly with Risktürk in market risk, ALM, and treasury modules, though at vastly larger enterprise scale.
- Wolters Kluwer (OneSumX): OneSumX for Finance, Risk and Regulatory Reporting is a global solution covering ALM, liquidity (LCR/NSFR), and ICAAP - the same problem space Risktürk addresses for Turkish banks under BDDK.
Broad incumbents
- Oracle Financial Services (OFS): OFS banking suite includes credit risk, IFRS 9, Basel, and ALM solutions used by large global banks; a broad incumbent alternative for the same BDDK-mandated use cases.
- FIS: FIS offers integrated banking and risk technology including regulatory reporting, treasury, and ALM products; competes in the same workflow slots as Risktürk at large institutions.
- SAS (Risk & Compliance): Enterprise risk analytics platform covering market, credit, ALM, and regulatory reporting used by large banks globally; broad incumbent alternative to Risktürk's modular stack.
- Bloomberg (AIM - Asset & Investment Manager): Bloomberg's risk and fixed income analytics, including VaR and scenario tools, compete with Risktürk modules aimed at investment funds and bank trading rooms.
Others
- BearingPoint: Management and technology consultancy with a strong financial services risk practice; an indirect competitor and potential implementation partner for the same BDDK risk and compliance projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Risk Software Technologies social profiles
Digital presenceRisk Software Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Risk Software Technologies leadership team
Management profileNumber of profiles
Profiles1 record
Risk Software Technologies funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Risk Software Technologies 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 Risk Software Technologies
What does Risk Software Technologies do?
Risk Software Technologies (Risktürk) develops and licenses a suite of financial risk management software modules for banks and large corporates in Turkey, including Market Risk, Credit Risk, ALM, Liquidity Risk (LCR/NSFR/LKO), and ISEDES/ICAAP modules built to BDDK and Basel III standards. The company complements its software with risk management consulting, model validation, software customization, and professional training delivered by academic experts, typically packaged as enterprise solutions.
Is Risk Software Technologies a public or private company?
Risk Software Technologies is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Risk Software Technologies founded?
Risk Software Technologies was founded in 2001. It employs 11 to 50 people.
Where is Risk Software Technologies based?
Risk Software Technologies is headquartered in Maslak.
How does Risk Software Technologies make money?
Four revenue lines are on record. Software Licensing is the primary driver. The others are risk Management Consulting, training Services and software Customization and Personalization.
Who are Risk Software Technologies's main competitors?
Direct peers on record are Adenza (formerly Calypso Technology), Moody's Analytics, MSCI (RiskMetrics), Murex and Wolters Kluwer (OneSumX). Broad incumbents are Oracle Financial Services (OFS), FIS, SAS (Risk & Compliance) and Bloomberg (AIM - Asset & Investment Manager). BearingPoint is listed as an others.
Does Risk Software Technologies have an API?
No public API is recorded for Risk Software Technologies.
What industry is Risk Software Technologies in?
Risk Software Technologies's product category is Financial Risk Management Software. Its primary akta.pro industry code is FSACAJAH, Model Risk Management (Pricing/Valuation, Risk Models), with a secondary code of FSAGAFAL, Model Risk Management & AI Governance (validation, monitoring, explainability). Its NAICS code is 5132 and its SIC code is 7372.