Top 20 Canada Risk Management Solutions - 2022

The emergence of novel data security risks and the rising magnitude of sensitive business data are forcing Canadian organizations to adopt more risk-informed approaches. They are seamlessly implementing new-age risk management software and tools to assess and manage enterprise-wide risks and assign risk ownership to mitigate security risks in an evolving compliance landscape.

In light of these swift industry developments, the global risk management solution market is forecasted to be worth $3.09 billion by 2028. The latest market analysis reports the market size will witness a growth momentum at a CAGR of 9.4 percent during the forecast period. The market growth is driven by the increasing adoption of operational risk management in fintech industries, along with the growth of risk intelligence gathered from AI, ML, and IoT platforms. This is accompanied by rising cyberattacks in various organizations, particularly small and medium enterprises, creating growth opportunities for market players.

On that note, this edition of CIOReview highlights the key advancements in the Canadian risk management space and how Canadian organizations are augmenting their risk management capabilities to achieve operational resilience. The edition features thought leadership articles from Robert Pace, VP and CISO at Invitation Homes, who sheds light on the significance of enhancing security vendor relationships through cloud services. It also throws light on the invaluable insights from Laura Money, Executive Vice President and Chief Information Officer at Sun Life, who talks about implementing digital transformation strategies to optimize business growth.

Along with these critical insights from industry experts, the edition features Qohash, an enterprise data security startup firm offering easy and quick-to-deploy data governance and risk management platform for enhanced data visibility, control, and adherence to regulatory compliance.

We hope this edition will help you find the appropriate risk management solutions provider that will assist you with the industry-best software and solutions to become risk-informed and risk intelligent.

Let us know your thoughts!

    Top Canada Risk Management Solutions

  • 1

    Qohash empowers businesses to gain visibility and control over their customer data, secure sensitive information, and identify malicious and negligent internal threat elements. Qohash has developed QOSTODIAN, easy and quick-to-deploy data governance and risk management platform that generates insights regarding the multifarious aspects of data

  • 2

    thinktum is empowering underwriters to create dynamic and accurate statistical models in days with a high degree of accuracy and deliver tailor-made user experiences by utilizing its no-code solutions backed by AI-powered personalized underwriting engines layered with human curation on top

  • 3

    CloseReach is driven by a mission to de-risk digitalization, business transformation, and organizational change by promoting collaboration, empowering employees, and helping organizations gain a 360-degree view of their enterprise risks. The company transforms these risks and compliance data into actionable business intelligence to support risk-aware decision-making.

  • 4

    Cognibox develops end-to-end solutions for training, contractor management, and employee compliance and its products and services connect businesses by facilitating the relationship between contractors and client corporations. They help large industry leaders —like ThermoFisher, Rio Tinto, and Alcoa.

  • 5

    Riskthinking.AI is the world’s first company to develop scenario generation which accurately captures extreme possibilities, positive and negative, by using a unique methodology for understanding risk that has been designed for an ever-more complex and uncertain world.

  • 6

    Sofvie believes that everyone deserves a safe workplace. The company delivers a web-based collaborative intelligence platform designed to enhance communication and risk management in the workplace. Sofvie also offers a mobile app to gather data in office settings, fieldwork environments, or remote locations.

  • 7

    Agilicus

    Agilicus

    Agilicus introduces a cloud-native, enterprise-grade Zero Trust Network Access platform that removes the complexity of extending secure access to employees and non-employees. With federated identity and single sign-on, you can maintain your native active directory and identity providers allowing users to easily self-onboard

  • 8

    Agreement Express

    Agreement Express

    Agreement Express is the leading client onboarding automation provider for financial services. The platform allows wealth management and payments companies to deliver a consistent customer application, approval, and onboarding experience across their product offerings & channels

  • 9

    ClearRisk

    ClearRisk

    ClearRisk has partnered with many organizations from different industries like property management and real estate, municipalities, retail, utilities, and more to help them achieve higher operational excellence and increase overall performance by optimizing risk management. That’s what companies Risk Management Solutions are designed to do—assist risk managers and senior management like you with better data, analytics, and insights

  • 10

    d1g1t

    d1g1t

    d1g1t is the first enterprise wealth management platform powered by institutional-grade analytics and risk management tools that enables firms to elevate the quality of advice and demonstrate its value to clients. The company grows successful technology businesses, builds innovation and end-to-end business teams, and designs and delivers successful financial technology products

  • 11

    Diligent Corporation

    Diligent Corporation

    Diligent Corporation helps boards and c-suites to build strong governance practices with its market-leading board application, The company is expanding its solutions to help companies connect insights from their risk, compliance, and audit teams to their leaders, facilitating more purpose-driven leadership

  • 12

    keyworks

    keyworks

    keyworks provides Enterprise Risk Management solutions. The company collaborates with experts in this field and has established a methodology and critical best practices in prevention, detection, design, and compliance

  • 13

    Marlabs

    Marlabs

    Marlabs Cyber Risk Assessment Framework identifies your security risk posture across your key assets and the best ways to eliminate those risks. The company's Cybersecurity Operations provides continuous surveillance services to detect, analyze and respond to cyber threats

  • 14

    Prevalent

    Prevalent

    Prevalent is a complete Third-Party Vendor Risk Management Solution. The company handles onboarding vendors and conducting assessments, identifying risks, and tracking remediation

  • 15

    Privacy Horizon

    Privacy Horizon

    Privacy Horizon helps companies to build and maintain their privacy and security management program. From start-up to enterprise, The company makes privacy and security easy so you can focus on what you do best and grow your business

  • 16

    Provenir

    Provenir

    Provenir helps fintech and financial services providers make smarter decisions faster with their AI-Powered Risk Decisioning Platform. This unique offering gives organizations the ability to power decisioning innovation across the full customer lifecycle, driving improvements in the customer experience, access to financial services, business agility, and more

  • 17

    Risk Control Technologies

    Risk Control Technologies

    Risk Control Technologies is a global leader in Risk Control Software. RCT partners with insurance organizations of all shapes and sizes to optimize and enhance their risk management operations. RCT's clients include insurance carriers, brokers, program managers, governmental risk pools, loss control vendors, and more

  • 18

    RiskLogik

    RiskLogik

    RiskLogik's software and services offering is informed by a rich legacy of Enterprise Risk Management experience and capability forged from years of career experience in both peace and conflict. The company knows risk because it has lived it – on the battlefield, in critical project delivery, and in national critical infrastructure crises

  • 19

    ServiceNow

    ServiceNow

    ServiceNow is a cloud-based platform and solutions that help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile

  • 20

    Sphera

    Sphera

    performance and risk management software, data, and consulting services with a focus on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management, and Product Stewardship