Many consulting and legal firms have “risk advisory” practices offering support to regulated entities with their risk assessments. Unfortunately, however, these services are often delivered using outdated methods, mostly via excel spreadsheets that are not fit for purpose for the majority of their clients.
Professional services firms often wax-lyrical about the fact their clients should digitally transform themselves but then deliver consulting services using archaic tools, rather than embracing RegTech solutions that could help them to digitise their approach to risk advisory consulting and allow them to better service their clients.
HOW DO WE HELP
Professional Services firms to digitise their outdated risk advisory practices using RegTech solutions?
Arctic Intelligence is a multi-award winning, RegTech firm that specialises in audit, risk and compliance software related to financial crime compliance and risk management.
We have helped many major, mid-tier and boutique consulting businesses to digitise their financial crime risk management advisory practices by white-labelling our Risk Assessment Platform, embedding their risk methodologies and digitised versions of their excel-based risk models into our market-leading platform that empowers their consultants and clients to execute risk assessments in a much more efficient way.
WHAT BENEFITS CAN BE GAINED FOR
Professional Services firms using our solutions?
Over the last ten years, many professional services firms have built or attempted to build enterprise-risk assessment solutions themselves and have realised that developing, maintaining and enhancing technology solutions is a serious undertaking and many of these in-built solutions have either been still-born, not gained traction or not been able to keep up with the pace of innovation.
At Arctic Intelligence, we are a technology-first RegTech business that provides configuration and ongoing support to our clients but do not typically provide consulting services and professional services firms are not technology providers but combining deep-domain and implementation expertise with multi-award-winning technologies is a powerful combination.
Here are just some of the benefits that professional services firms could realise by partnering with us:
For more information and to get started, book a demo now
HOW DO WE PARTNER
With Professional Services firms?
Arctic Intelligence works with professional services firms in a number of ways, including as:
Professional services firms can licence our technology to use within their risk advisory practices
We typically partner with professional services firms in the following ways:
- Project use - the partner pays us a fee, when our platforms are used to power their consulting engagements;
- Referral - often consulting firms have conflicts of interest that prevent them from advising, so they refer clients to Arctic
- Reseller - where professional services firms introduce our solutions to their clients, who enter into a direct licensing agreement
- Strategic - where professional services firms white-label, embed their content and run engagements using our solutions.
The ways we partner with professional services firms are not mutually exclusive and are often agreed upon on a case-by-case basis.
FINANCIAL CRIME SOLUTIONS FOR
Clients of Professional Services Firms
Arctic Intelligence is recognised as a thought leader and pioneer in enterprise-wide financial crime risk and compliance gap assessment platforms.
Why choose Arctic Intelligence?
See the other industry sectors we serve
What solutions do we offer that are designed for professional services firms?
AML Accelerate is a cloud-based guided risk assessment solution for assessing money laundering and terrorism financing risks and developing AML/CTF Programs/Policies.
AML Accelerate is designed for smaller and medium-sized businesses and has been tailored to over 30 industry sectors, including the professional services sector.
Risk Assessment Platform
The Risk Assessment Platform is a cloud-based highly flexible and configurable enterprise-wide risk and control assessment solution designed for larger enterprises.
Apply standard risk and control libraries for various financial crime risks or configure it to suit any enterprise risk management framework and methodology using in-built workflows, audit trail and real-time enterprise analytics and insights.