Risiq is a RegTech company specializing in ESG risk quantification and regulatory risk analysis for the banking and financial sector. The company's technical focus areas are ESG risk quantification and regulatory risk analysis, developing software solutions to address these complex compliance challenges.
Its core product, Ribeca, is an ESG risk management platform designed for banks. The software provides end-to-end functionality for ESG risk inventory, assessment, stress testing, reporting, and optimization, with compliance for MaRisk and ICAAP regulations. The system aims to automate processes that would otherwise require significant manual effort.
Risiq reports measurable client outcomes from using Ribeca, including savings of several million euros in ESG-related charges and hundreds of thousands of euros in personnel and data costs. Clients also report reductions in manual effort of up to eight weeks per quarter. The company's approach is rooted in five years of research from CEO Max Glasner's doctoral dissertation.
