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Arctic Intelligence partners with Deloitte to adopt a smarter approach to financial crime compliance

Arctic Intelligence, a regtech leader in regulatory compliance and risk management has signed a three year partnership with Deloitte to help organisations globally manage their financial crime risk and exposure. This is an extension from a previous agreement first established in 2016.

Deloitte will utilise Arctic’s risk and compliance cloud technologies to rapidly assess the robustness of an organisation’s anti-money laundering and counter-terrorism financing program or anti-bribery and corruption program. The combination of Arctic’s efficient and agile technology suite with Deloitte’s Forensic Digital platform enables a seamless adaption of robust methodologies to detect and fight financial crime.

Founder and CEO, Anthony Quinn said, “We have a strong partnership with Deloitte who were our first client back in 2016 and we are delighted to extend our agreement with them in a collective pursuit to help organisations understand their risks. Since then, we have worked closely together on a range of initiatives and are excited to expand Deloitte’s adoption of our technology platforms around the world.”

Tim Phillipps, who heads Deloitte’s Asia-Pacific Financial Crime Network said: “The stark reality of global businesses and trade means that organisations are often burdened with fast paced and increasingly cross border financial crime risks. Yet, compliance tools in response have remained largely localised, manual and cookie-cutter. With this suite of technologies, we can get smarter and more agile in identifying our clients risk profiles, and in so doing, prevent and detect financial crime. We continue to be impressed with the innovative RegTech solutions that Arctic has created and our partnership is a step forward in strengthening and enhancing the defences for institutions in the future.”

Since it was founded in 2013, Arctic Intelligence has launched several RegTech technology platforms including AML Accelerate, a cloud-based money laundering risk assessment and the Health Check, an audit and assurance platform designed to help regulated businesses and their professional advisers assess the design and operational effectiveness of compliance programs.