Why adopt RegTech for your business?
Our solutions can help address many challenges by providing defendable data-driven results and quickly establishing a program tailored to the organisation. Our technology can calculate and present firm wide risk profiles, identifying and highlighting high risk areas and control gaps or weaknesses. Real-time reporting can aggregate risk outcomes for both an individual business unit and organisation-wide level providing accurate, consistent and dependable results.
Problems being solved
Arctic Intelligence has developed solutions to help financial services organisations understand their risks and demonstrate compliance.
How we solve the challenges facing your business
Organisations attempting to create their first financial crime program who have a strong appetite to embrace technology to produce a more efficient, higher quality outcome.
Efficient adoption and implementation of the risk assessment process and establishing a program tailored to their organisation.
Designed by experts for smaller regulated businesses such as Fintechs, Brokers and Planners, lawyers, accountants, real estate agents and Hotels, Pubs and Clubs etc.
Transitioning from a traditional spreadsheet-based risk assessment tracking process to a more robust solution to cover multiple business entities.
Our platforms calculate the risk profile and highlights high-risk areas and control gaps including a historical audit trail.
Designed by experts for medium sized businesses such as Credit Unions, Money Remitters, Stockbrokers, Non-Bank Lenders, gaming companies, VC/Private Equity and Wealth Advisers.
Coordinating and reporting across different lines of business and expanding across multiple risk domains.
Ability to customise methodology and risk models across multiple stakeholders and business units. Real-time reporting displays aggregated risk profile.
Designed by experts for large financial institutions such as Banks, Credit Unions, Insurance Companies, Wealth, Asset and Fund Managers, as well as Casinos and larger gaming businesses.
How we make it simple
Arctic Intelligence solutions simplify the process of conducting risk and AML compliance assessments by achieving the following:
We are on a mission to transform how AML compliance and financial crime risk assessments are performed.
Our vision is to take what is often a laborious, manual process, into a dynamic fully automated, real-time assessment that that will generate analytical risk scores and create reports to defend those results and provide evidence to support.
And we are well on our way to achieving this goal, with current solutions that can aggregate and report risk outcomes across business units and risk areas in real-time.
But we aren't stopping here! We want to help organisations to do away with the spreadsheet-based projects taking up to 6 months to complete. Our planned enhancements will deliver the ability for organisations to interface their own systems, allowing our solutions to draw out the relevant insights and feed the risk model and scoring.
Awards and accomplishments
Our innovative approach and cutting-edge technology have led to us being recognised as an industry leader by the below RegTech authorities.
TradeMax switched from spreadsheets to software, for AML / CTF Risk Assessments. This is a critical function and Arctic Intelligence helped us to meet our obligations efficiently and effectively. Now that we are aware of Arctic Intelligence, why would anyone use spreadsheets to conduct AML / CTF Risk Assessments?
Kevin Chu, Compliance Manager, TradeMax Australia
I’ve established ML/TF Risk Assessments and Programs for a number of companies and have come to regard AML Accelerate as the ‘Gold Standard’. Given the entry point pricing, intuitive process and constant evolution aligned to such a dynamic regulatory landscape, I would thoroughly recommend the platform for start-ups and enterprise groups alike. The importance of using such high quality tools in supporting financial crimes risk management cannot be overstated.
Stu Hallows, CRO, Paytron
Risk Management is a priority at Bendix and we understand the first step towards managing risk is having an efficient Risk Assessment program that identifies and assesses inherent risks posed by the environment in which the company operates and the products it deals in. We were on the search for a program that could support us in identifying risks under various categories, points towards risk control mechanisms, and documents the process for regulators. ‘AML Accelerate’ fitted the bill and we are glad we chose it for the purpose. In our opinion, the idea of software assisted Risk Assessment and Documentation is a revolutionary concept brought to fruition by Arctic Intelligence.
Chief Compliance Officer, Bendix Foreign Exchange and Payment Solutions
Very impressed with the technology and how easy it was to navigate. I did not have any prior training with the platform, however it only took a couple of pages to understand how it works.
Craigs Investment Partners
If you think compliance is expensive, try non-compliance. Paying for the right tools, systems and resources always pays off!
Legal & Compliance Officer, Unity Bank
Following a full compliance review, we selected the Arctic Intelligence AML Accelerate platform to assist us with our AML compliance. We needed an efficient and user-friendly way to keep on top of our in-house procedures, risk assessments and the ever-evolving regulatory responsibilities.