Risk Intelligence Solutions & Consultancy

What Risk Intelligence Solutions & Consultancy does

Risk Intelligence Solutions & Consultancy BV (RISC) is a Curaçao-domiciled professional advisory services and software solutions provider founded in 2017. The company serves regulated financial institutions, corporates, retail businesses, and regulators in the Caribbean region, with a stated focus on the local and regional market covering Curaçao, Aruba, and Sint Maarten. Its core functional mandate is helping financial institutions comply with IFRS 9, Basel III, and Solvency II frameworks, with particular emphasis on Expected Credit Loss (ECL) calculations, credit risk portfolio management, and regulatory reporting automation.

RISC has developed a suite of proprietary software products that complement its advisory work. The flagship product, ICE (IFRS Calculation Engine), is a purpose-built application that automates the collection and validation of financial and macro-economic data and computes ECL across loan, overdraft, and credit card portfolios in accordance with IFRS 9. ICE Scenario Builder is an add-on module enabling users to simulate macro-economic scenarios (e.g., GDP adjustments) and assess their impact on ECL. CAP (Credit Application Provisioning) is a complementary product that calculates ECL prior to credit granting, supporting pre-approval credit pricing and first-line-of-defense decisions; it can be deployed standalone or as an ICE add-on. Underlying architecture emphasizes data validation, transparent calculation processes, configurable scenario inputs, and auditable reporting outputs.

The business operates a dual revenue model combining professional advisory services (IFRS adoption guidance, process redefinition, data requirements gathering, training, and workshops) with software licensing of ICE and CAP, typically packaged into comprehensive engagements. Go-to-market is consultative enterprise field sales with free intake assessments, targeting primarily financial institutions and regulators as anchor segments. The company maintains an active website, publishes thought leadership whitepapers, and operates LinkedIn and email newsletters as supporting marketing channels. RISC is privately held by three founders (with a fourth partner and additional staff bringing total headcount to six), has no disclosed external funding, and won the 2022 Curaçao Innovation Award for Business Innovation and Digital Transformation.

Name

Risk Intelligence Solutions & Consultancy

Legal name

Risk Intelligence Solutions & Consultancy BV

Website

https://risc.cw

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

RISC is a Curaçao-based advisory and software firm that helps Caribbean financial institutions comply with IFRS 9, Basel III, and Solvency II via proprietary ECL calculation tools (ICE, CAP) and consulting services.

Ownership category

akta.pro rank

Product category

Regulatory Compliance Consulting

NAICS

Other Scientific and Technical Consulting Services (541690), Software Publishers (513210)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

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

Keywords

• Regulatory compliance advisory
• IFRS 9 implementation
• Credit risk management
• Expected credit loss
• Financial risk consulting

Headquarters

HQ city

Willemstad

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Advisory Services: Regulatory compliance, risk management, and business intelligence advisory services provided to financial institutions, corporates, and regulators. Services include guidance on IFRS adoption, process redefinition, data requirements gathering, and reporting automation.
2. Software Licensing (ICE and CAP): Licensing of proprietary IFRS 9 calculation and compliance software applications. ICE and CAP applications automate ECL calculations and credit provisioning processes for financial institutions.
3. Training & Workshops: Customized training and workshop services covering regulatory compliance and risk management topics including IFRS 7, 9, 17 and Basel II/III frameworks.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Risk Intelligence Solutions & Consultancy (RISC) provides professional advisory services and proprietary software solutions focused on regulatory compliance, risk management, and business intelligence for financial institutions, corporates, and regulators across the Caribbean. Its core offerings include the ICE (IFRS Calculation Engine) and CAP (Credit Application Provisioning) software applications for IFRS 9 Expected Credit Loss calculations, complemented by consulting services in risk management, data analytics, regulatory compliance, and customized training workshops.

Product overview

RISC offers a suite of proprietary financial compliance and risk management software solutions. The core product is ICE (IFRS Calculation Engine), which handles Expected Credit Loss (ECL) calculations under IFRS 9. ICE Scenario Builder is an add-on module to ICE for macro-economic scenario simulation. CAP (Credit Application Provisioning) is a complementary standalone product that can also function as an add-on to ICE for pre-credit-granting ECL calculations. Together, these products automate complex risk management assessments, regulatory reporting, and financial disclosure preparation processes for financial institutions.

Differentiator

Problem solved

Functional benefit

Brands

• ICE (IFRS Calculation Engine): Proprietary application that enables standard collection of financial and macro-economic data for calculating Expected Credit Loss (ECL) over total Loan Portfolio in accordance with IFRS 9 guidelines.
• ICE Scenario Builder
• CAP (Credit Application Provisioning)

Products and services

• ICE (IFRS Calculation Engine) Proprietary application that enables standard collection of financial and macro-economic data for calculating Expected Credit Loss (ECL) over total loan portfolios (Loans, Overdrafts and Credit Cards) of Financial Institutions in accordance with IFRS 9 guidelines. Includes data collection and validation, ECL calculation, and detailed analysis and reporting.
• ICE Scenario Builder Add-on to ICE that enables users to adapt macro-economic data parameters (e.g., GDP) to simulate different macro-economic scenarios and assess their impact on Expected Credit Loss (ECL).
• CAP (Credit Application Provisioning) Proprietary application enabling standard collection of credit application and macro-economic data for ECL calculation in accordance with IFRS 9 guidelines. CAP identifies ECL prior to granting credit, enabling improved first line of defense and credit pricing adjustment. Can be used standalone or as an ICE add-on.
• Training & Workshops Customized training and workshop services covering regulatory compliance and risk management topics including IFRS 7, 9, 17 and Basel II/III frameworks.

Quantifiable outcome

• Efficient, compliant ECL calculations and reporting across financial portfolios
• +2 more outcomes

Named customers9 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• CBCS (Central Bank of Curaçao and Sint Maarten)minorOthersThe Central Bank of Curaçao and Sint Maarten is listed as a client/regulator relationship rather than a formal partnership. RISC serves financial institutions under CBCS supervision.

Scale indicators3 records

Recent moves1 record

Expansion highlights5 records

Broad incumbents

• BearingPoint: BearingPoint is a global management and technology consultancy with a strong regulatory and risk practice including IFRS 9 implementation services. Comparable to RISC's advisory+software model for financial institutions, but as a broad European-rooted incumbent.
• SAS Institute: SAS provides risk management analytics platforms (including IFRS 9 / CECL solutions) to banks and insurers. Comparable to RISC in regulatory risk analytics functionality, but as a broad enterprise analytics incumbent rather than a small specialist.
• KPMG (Caribbean practice): KPMG's Caribbean financial services advisory team covers IFRS 9, IFRS 17, Basel, and risk transformation engagements for regional banks. Direct competitive overlap with RISC's advisory services on the same client pool, but delivered by a global Big 4 firm.
• Murex: Murex provides enterprise risk, treasury, and regulatory reporting platforms used by banks and insurance carriers. Comparable to RISC's ICE on regulatory calculation functionality, but at large-scale enterprise software tier and global footprint.
• Moody's Analytics: Moody's Analytics offers credit risk, ECL, and IFRS 9 solutions (e.g., RiskCalc, IFRS 9 solutions) used by large banks and insurers worldwide. Overlaps with RISC on the credit risk modelling and ECL computation side, but operates as a broad global incumbent rather than a Caribbean niche specialist.
• FICO: FICO offers credit risk decisioning, scoring, and IFRS 9 / CECL analytics used across the banking industry. Overlaps with RISC on credit portfolio analytics and pre-grant ECL provisioning (CAP), but at much larger scale across global markets.
• PwC (Caribbean practice): PwC's Caribbean financial services advisory covers IFRS, regulatory, and risk consulting for the same set of Curaçao and regional institutions. Comparable to RISC on advisory delivery for IFRS 9 implementations, but as a Big 4 broad incumbent.
• EY (Caribbean practice): EY's Caribbean financial services practice provides regulatory compliance, risk, and IFRS advisory services. Competes with RISC for the same regulatory advisory work at regional banks and insurers, but as a global Big 4 firm with broad service lines.
• Deloitte (Caribbean practice): Deloitte's Caribbean financial services practice advises on IFRS 9 implementation, Basel III, and regulatory compliance — the same core services RISC provides to Curaçao banks and insurers. Operates as part of a much broader advisory portfolio rather than a regional specialist.

Direct peers

• Wolters Kluwer (OneSumX): OneSumX is a recognised IFRS 9 and regulatory calculation engine from Wolters Kluwer, competing directly with RISC's ICE for ECL calculations at banks and insurers. Both sell proprietary IFRS 9 software with scenario simulation features to regulated financial institutions globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/riscdutchcaribbean

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Risk Intelligence Solutions & Consultancy