RICHMOND, VA, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Strategic Risk Associates announces a major new private investment to support the firm’s growth and the continuing development of its risk intelligence platform for banks and financial services companies. A seven-figure investment by Decathlon Capital Partners will help SRA enhance its Executive and Board Risk Intelligence solutions on the SRA Watchtower platform and promote the offering to more customers in the financial services industry. The firm already counts more than three dozen banks and financial services companies among its SaaS software clients.
“Our team of veteran bankers and former regulators, all accomplished in the field of governance, strategy, risk, credit, finance and compliance, understood that there was a profound need for new business management solutions following the Great Recession,” said CEO and Co-Founder Michael Glotz. “They understood how technology could help financial institutions aggregate data to provide critical insights and continuous monitoring to help manage risk in a fast-paced market.”
With this mission in mind, the company developed the SRA Watchtower, a platform enabling financial institutions to remain consistently safe, sound and high-performing, so they can drive shareholder value and the vitality of their communities. SRA tools also help financial institutions prepare for regulatory examinations and monitor portfolio health.
“Protecting assets through vigorous monitoring of risk is a vital – perhaps the most vital – component of running a bank or financial services company,” said Decathlon’s John Borchers. “The SRA Watchtower platform is one of the few of its kind that can aggregate, integrate and normalize critical risk and performance indicators on a continuous basis for Executives and the Board. SRA’s patented system points the way for prudent management in the financial services industry for the 21st century. Decathlon is pleased to make this investment in the company’s growth.”
About Strategic Risk Associates
Strategic Risk Associates is a national risk software and advisory firm specializing in the banking and financial services industry. SRA helps banks and financial services companies with Enterprise Risk Management; Credit Risk Management and Stress Testing; Acquisition Due Diligence; Governance; Strategy; Regulatory and Risk Services. http://srabank.com/.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.
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