Company Profile: risk on mind®

Background

Overview

Founded in 2018, risk on mind® is an independent consulting firm specializing in Governance, Risk, and Compliance (GRC) management. Headquartered in Vienna, Austria, the company offers comprehensive GRC consulting services, enterprise risk management, and digital risk assessment solutions tailored for various industries. Their mission is to support and safeguard clients by providing thorough analysis, evaluation, and presentation of all risk potentials. The company's vision is to enhance organizational resilience and economic efficiency through sustainable and long-term strategies.

Mission and Vision

Mission: To provide high-quality GRC consulting services, enterprise risk management, and digital risk assessment solutions, enabling clients to achieve meaningful results and change based on thorough analysis and evaluation of all risk potentials.

Vision: To be the leading independent GRC consulting firm in Europe, recognized for innovative approaches and exceptional thinking, fostering organizational resilience and economic efficiency.

Primary Area of Focus

Risk on mind® focuses on delivering holistic and enterprise-wide GRC management, emphasizing proactive, sustainable, and cost-effective solutions. Their services encompass GRC consulting, ESG expertise, and comprehensive risk management consulting, utilizing advanced digital technologies and scientific calculation models.

Industry Significance

As the only 100% independent risk consulting firm in Europe, risk on mind® holds a unique position in the market. Their commitment to fairness, honesty, integrity, and sustainability sets them apart, allowing them to provide unbiased and objective risk assessments.

Key Strategic Focus

Core Objectives

Independence: Maintain a 100% independent position to offer unbiased and objective risk assessments.

Holistic Approach: Provide comprehensive GRC management services that address all aspects of risk within an organization.

Sustainability: Implement sustainable and long-term strategies to enhance organizational resilience and economic efficiency.

Specific Areas of Specialization

GRC Consulting: Develop and implement effective governance, risk, and compliance frameworks.

ESG Expertise: Assist organizations in integrating Environmental, Social, and Governance factors into their risk management processes.

Risk Management and Assessment: Conduct thorough risk analyses and assessments to identify and mitigate potential threats.

Key Technologies Utilized

rismo® Platform: A proprietary digital platform that automates risk assessments, providing transparent, clear, and precise risk presentations. It ensures data security and compliance with standards such as ISO 31000, ISO 22301, ONR 4900, and ISO 27001.

Primary Markets or Conditions Targeted

Risk on mind® primarily serves large companies with numerous international locations, offering personalized support to meet their specific risk management needs. Their services are designed to enhance organizational resilience and economic efficiency across various industries.

Financials and Funding

Specific details regarding risk on mind®'s funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed. The company operates as a privately held entity, focusing on delivering high-quality consulting services and innovative solutions to its clients.

Pipeline Development

As a consulting firm specializing in GRC management, risk on mind® does not have a traditional product pipeline. Instead, they focus on developing and implementing customized risk management solutions for their clients, utilizing their proprietary rismo® platform and other consulting services.

Technological Platform and Innovation

Proprietary Technologies

rismo® Platform: A digital platform developed by risk on mind® that automates risk assessments, providing transparent and precise risk presentations. It ensures data security and compliance with various international standards.

Significant Scientific Methods

Statistical Risk Simulation and Modeling: Risk on mind® employs advanced statistical methods to analyze and model risks, integrating basic statistical data into a unique database for processing risk information.

Leadership Team

Key Executives

Stephan Dorner: CEO and Founder of risk on mind®. He leads the company's strategic direction and oversees its operations.

Markus Oswald: CTO and Head of Development for rismo®. He is responsible for the technological development and innovation of the rismo® platform.

Professional Backgrounds and Contributions

Stephan Dorner: With extensive experience in risk management, Stephan founded risk on mind® to provide independent and comprehensive GRC consulting services. His leadership has been instrumental in establishing the company's reputation for fairness, honesty, integrity, and sustainability.

Markus Oswald: As CTO, Markus has been pivotal in developing the rismo® platform, ensuring it meets the highest standards of data security and compliance. His technical expertise drives the company's innovation in digital risk assessment solutions.

Competitor Profile

Market Insights and Dynamics

The GRC consulting market is characterized by a growing emphasis on digitalization and data-driven decision-making. Organizations are increasingly seeking independent and comprehensive risk management solutions to navigate complex regulatory environments and enhance operational resilience.

Competitor Analysis

Risk on mind® operates in a competitive landscape with several key players offering GRC consulting services. Notable competitors include:

Risk Cognizance: Provides governance, risk, and compliance tools with a focus on assurance and risk management.

Riskonnect Active Risk Manager: Offers integrated risk management solutions, including risk assessment and reporting tools.

Connected Risk: Provides integrated risk management solutions with a focus on risk assessment and reporting.

RiskRecon: Specializes in third-party risk management technology solutions, offering risk assessments and monitoring tools.

Strategic Collaborations and Partnerships

Risk on mind® has established significant collaborations to strengthen its market position and innovation capacity:

ALPLA Group: Collaborated to enhance global fire protection and risk transparency, developing a global technical risk standard and centralized risk transparency via the rismo® platform.

Interstarch GmbH: Worked together to strengthen risk management, NIS2 readiness, and technical protection measures, improving insurance conditions and implementing new fire detection systems.

Operational Insights

Risk on mind® differentiates itself through its 100% independent position, allowing for unbiased and objective risk assessments. The company's proprietary rismo® platform offers a unique approach to digital risk assessment, providing transparent and precise risk presentations. Their focus on sustainability and long-term strategies enhances organizational resilience and economic efficiency for clients.

Strategic Opportunities and Future Directions

Risk on mind® is well-positioned to capitalize on the growing demand for digital and independent GRC consulting services. Future opportunities include expanding their international presence, enhancing the capabilities of the rismo® platform, and continuing to develop sustainable and cost-effective risk management solutions for clients.