What SRA Consulting does

SRA Consulting, LLC (also referred to as Strategic Risk Associates) is a private U.S. advisory firm headquartered in Glen Allen, Virginia, founded in 2008 by Michael Croce and organized as an LLC. The firm serves banks and credit unions with risk, credit, compliance and IT consulting, organized across practice areas covering risk management, capital planning, BSA/AML and compliance, M&A diligence, IT/cybersecurity, and payments modernization. Its client base spans community and regional banks and credit unions, with a disclosed cumulative track record of 250+ clients and 400+ transactions, anchored by named engagements such as a multi-million-dollar digital-asset risk engagement with BOK Financial.

The firm's core delivery assets are sixteen proprietary methodologies and a Capital Planning Model blueprint, codified by the founder's co-authorship of the OCC Risk Management / Capital Adequacy Handbook and grounded in regulator frameworks including OCC/FDIC/FFIEC guidance, Federal Reserve expectations, and SR 12-7. SRA pairs these playbooks with AI-powered technology partners rather than building models internally. Its flagship technology assets are the Lumio risk-monitoring platform (rebranded from SRA Watchtower), the Capital Management Program integrated with Model IQ's modeling engine, and integrations with FusionIQ (wealth intelligence), IQ Banker (analytics), and 4M Group (BSA/AML and CAMS technology). Payments modernization is delivered through an ecosystem of Finastra (core and treasury), Corpay (payments) and Red Hat (infrastructure).

SRA's business model is a hybrid advisory plus technology-enabled services offering, monetized through advisory engagements (with named deal sizes reaching the seven figures for large-scale risk programs), technology partnerships that wrap SRA methodology around vendor platforms, and a growing SaaS/recurring software layer via Lumio. The go-to-market is U.S.-focused, channel-driven through bank-tech vendor partners, and targeted at the community and regional bank segment where deep examiner credibility differentiates it from generalist consultancies.

Name

SRA Consulting

Legal name

SRA Consulting, LLC

Website

https://sraconsults.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

SRA Consulting is a Glen Allen, Virginia-based advisory firm providing risk, credit, compliance, and capital management consulting to U.S. banks and credit unions, pairing proprietary methodologies with AI technology partners like Model IQ and Lumio across 250+ clients.

Ownership category

akta.pro rank

Product category

Banking Risk and Compliance Advisory Services

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

akta.pro secondary industry

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG)

Keywords

• Risk management advisory
• Banking compliance consulting
• Credit risk services
• Capital planning advisory
• BSA/AML compliance

Headquarters

HQ city

Glen Allen

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Advisory and Consulting Services: Professional advisory services to banks and credit unions covering risk management, credit advisory, M&A due diligence, financial crimes & compliance, payments modernization, and capital management.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

SRA Consulting provides risk, credit, compliance and IT advisory services to U.S. banks and credit unions, covering Enterprise Risk Management, Credit and M&A Due Diligence, Financial Crimes & Compliance (BSA/AML, sanctions, fraud), Payments & Business Services modernization, and Capital Management Services (capital planning and stress testing). Service delivery pairs proprietary methodologies and subject matter expertise with data-driven and AI risk technology partners, including the Lumio risk and business intelligence platform and Model IQ capital scenario analysis technology.

Product overview

SRA Consulting is an advisory firm that pairs risk, credit, compliance and IT services with data-driven and AI risk technology partners. The company's offerings include advisory services for banks and credit unions supported by proprietary methodologies and data-driven platforms. Key products include the Capital Management Program (covering Capital Planning, Stress Testing, Risk Management, and Regulatory Compliance) powered by Model IQ technology; Lumio (formerly SRA Watchtower), a Holistic Risk and Business Intelligence Platform; and specialized services in Risk Management, Credit and M&A, Financial Crimes & Compliance, and Payments & Business Services.

Differentiator

Problem solved

Functional benefit

Brands

• Lumio: The Holistic Risk and Business Intelligence Platform. Formerly known as SRA Watchtower. SaaS provider of innovative risk management solutions for community financial institutions.

Products and services

• Risk Management Services ERM advisory services for banks and credit unions focused on regulator-aligned program design and practical execution, including risk maturity assessments, risk appetite and limits, risk governance, ERM program evaluations, and risk profile reporting, delivered through board-ready materials, scorecards, and targeted training.
• Credit and M&A Services Credit advisory and M&A due diligence services including loan review, stress testing, portfolio analytics, and credit risk management support, addressing CRE concentration risk, CECL/ACL alignment, and acquisition decisions for banks, credit unions, and select fintech partners.
• Financial Crimes & Compliance Services Compliance management systems and financial crimes risk reduction services supporting BSA/AML, sanctions, fraud, and broader regulatory compliance through project-based engagements or fractional support, including gap assessments, remediation roadmaps, documentation, and exam-ready reporting.
• Payments & Business Services Modernization of payments and business services including capability assessments, board-level roadmaps, vendor evaluations, business cases, and phased implementation plans aligned with regulatory expectations and business objectives.
• Capital Management Program Capital planning, policy development, and stress testing services for banks and credit unions under changing economic and regulatory conditions, featuring a proprietary, fully validated Capital Stress Testing Model aligned with the OCC 2018 Capital Adequacy Handbook and SR 12-7 and powered by Model IQ financial modeling and capital scenario analysis technology.
• Lumio (formerly SRA Watchtower) The Holistic Risk and Business Intelligence Platform that breaks down data silos, automates manual processes, and transforms information into actionable insights, enabling community financial institutions to act with confidence through innovative risk management solutions.

Quantifiable outcome

• Certified and independently validated Capital Stress Test solution
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• FusionIQcoreStrategic or Co-development Partner · 29 May 2026Strategic partnership to deliver integrated wealth technology and risk advisory solutions to financial institutions. Combined platform equips banks and credit unions with AI-Powered Digital Wealth Management and Institutional-Grade Risk Compliance Infrastructure.
• 4M GroupcoreStrategic or Co-development Partner · 7 May 2024M = Mission, M = Models, M = Marketplaces, M = Multiples. Accelerating technology led solutions via strategic insights, network, market growth, and capital markets execution in a process tailored to clients' core mission and values. Accelerating Data-Driven and AI-Powered core technologies into core banking use cases including markets, compliance, risk and regulatory remediation requirements.
• Lumio (formerly SRA Watchtower)coreTechnology or IntegrationLumio is The Holistic Risk and Business Intelligence Platform that breaks down data silos, automates manual processes, and transforms information into actionable insights. Enables community financial institutions to act with confidence with innovative risk management solutions. Recognizes risk as a catalyst for growth.
• Model IQcoreTechnology or IntegrationModel IQ's cutting-edge Financial Modeling and Capital Scenario Analysis technology powers SRA's Capital Planning and Stress Test platform. Provides next-generation technology for capital management programs.
• FinastraminorChannel Partner/ Reseller/ DistributorLeading payment platform partner for payment modernization implementations. SRA's partnership ecosystem with leading payment platforms gives clients best-of-breed solutions with proven integration expertise.
• CorpayminorChannel Partner/ Reseller/ DistributorLeading payment platform partner for payment modernization implementations. SRA's partnership ecosystem with leading payment platforms gives clients best-of-breed solutions with proven integration expertise.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Promontory Financial Group (an IBM business): Regulatory and risk advisory powerhouse acquired by IBM, serving global banks on compliance, governance, and remediation. Comparable on regulatory depth and bank client base, but operates at significantly greater scale and scope than SRA.
• FICO: Analytics and credit decisioning software provider used by most US banks for credit risk, fraud, and compliance scoring. Overlaps SRA's credit risk advisory practice and CECL/ACL work on the technology underpinning.
• Accenture Financial Services Risk & Compliance: Large-scale systems integrator offering risk, regulatory, and compliance services to global and regional banks. Competes for capital planning, AML modernization, and payments transformation work that SRA also targets.
• Wolters Kluwer Compliance Solutions: Provider of regulatory compliance and risk management software (e.g., OneSumX, ARC Logics) for financial institutions. Adjacent to SRA's Lumio platform offering and competes for technology-driven compliance budgets at the same client base.
• KPMG Risk Advisory — Banking: Risk, regulatory, and compliance advisory within KPMG serving US banks and credit unions. Competes for similar capital planning, BSA/AML, and credit risk mandates, but with materially larger bench and cross-functional consulting breadth.
• Deloitte Risk & Financial Advisory: Big Four risk and regulatory practice serving large and mid-tier banks on capital planning, AML, credit risk, and stress testing. Overlaps SRA on core services but offers broader transformation capabilities and global delivery.

Direct peers

• Capital Performance Group: Boutique consulting firm serving community banks and credit unions on strategy, M&A, and risk management. Closely mirrors SRA's vertical focus on smaller financial institutions and advisor-led delivery model.
• Treliant Risk Advisors: Specialized advisory firm focused on risk, compliance, and financial crimes work for banks and fintechs. Highly comparable to SRA on customer base (mid-size financial institutions), service mix (BSA/AML, credit risk, M&A diligence), and boutique delivery model.

Emerging players

• SAS Risk and Compliance Solutions: Analytics platform vendor offering risk modeling, stress testing, and AML/fraud detection for banks. Comparable to SRA's Model IQ-powered capital planning stack and Lumio risk BI platform in target use cases.
• Galvanize (Diligent) Risk & Compliance: Governance, risk, and compliance (GRC) software platform used by banks and credit unions for risk management and audit. Comparable to Lumio's risk and business intelligence functionality for community financial institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sra-consulting-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 SRA Consulting