Coming soon (Early 2019)
RISK ASSESSMENT PLATFORM
What is the Risk Assessment platform?
Increasingly, regulations require organisations to take a risk-based approach to their compliance programs. The robustness of the risk assessment has therefore become critical to the governance of compliance programs.
Arctic's Risk Assessment solution is a cloud-based platform designed to help businesses identify, assess, mitigate and manage risks for money laundering, bribery, fraud, cyber and other risk domains.
RISK ASSESSMENT PLATFORM
How it works
Risk Assessment is a market-leading platform, purposefully designed by subject matter experts to allow regulated businesses to take control of the enterprise-risk management process.
By combining the latest technology with industry best-practice thinking into an easy-to-use and highly configurable platform, you will be able to understand your risk profile and ensure the most effective controls are applied to reduce your organisations risk exposure.
By answering some simple questions about your business, our step-by-step process provides you with the following outputs:
-
CONFIGURE
- Bring your own content or
- Buy content modules
- Risk libraries - AML/CFT, Anti-bribery,
Fraud, IT/Cyber and Controls library
- Select risk rating methodology
- Calibrate / configure risk platform
-
CONDUCT
- Define assessment context
- Conduct risk analysis
- Conduct controls testing
- Document risk treatment activities
- Document actions and issues
-
REPORT
- Draft executive summary report
- Draft key findings and observations
- Make recommendations
- Seek management responses
- Edit, review and publish the report
-
ANALYSE
- Risk dashboards
- Operational dashboards
- Breach and incident dashboards
- Data analyser, benchmark compliance
- Enterprise data analytics
-
IMPLEMENT / OPERATIONALISE
- Then simply review and refresh, returning to the first step.
RISK ASSESSMENT PLATFORM
What are the key features?
-
Highly configurable risk assessment framework based on industry standards
-
Import your own risks and controls or use our expert content modules
-
Flexible risk methodology, tailored to your risk-based approach
-
Structured workflow process for assessing risks and controls
-
Breach and incident reporting supports day-to-day operations
-
Action and issue tracking helps manage improvements
-
Enterprise risk analytics across your organisation
-
Flexible deployment options - fully-hosted or deployed on-premise
RISK ASSESSMENT PLATFORM
Why choose our product?
Risk assessments conducted on spreadsheets can make reporting and benchmarking very difficult. Knowing what risks to assess can be a challenge with experts in short supply.
RISK ASSESSMENT PLATFORM
Pricing
The table below is for fully-hosted cloud-based deployments. For clients that require software to be white-labelled and/or either to a private cloud or on-premise or who require consulting services please contact us to discuss your requirements.
Solo
Annual license
$2,999
1 assessment
2 users
$250 / additional users
Bring your own content or buy content modules^
$1,499
• Money laundering
• Bribery & corruption
• Fraud
• IT/Cyber
Starter
Annual license
$5,999
3 assessments
3 users
$250 / additional users
Bring your own content or buy content modules^
$1,499
• Money laundering
• Bribery & corruption
• Fraud
• IT/Cyber
Growth
Annual license
$9,999
5 assessments
5 users
$250 / additional users
Bring your own content or buy content modules^
$1,499
• Money laundering
• Bribery & corruption
• Fraud
• IT/Cyber
Corporate
Annual license
$19,999
10 assessments
5 users
$250 / additional users
Bring your own content or buy content modules^
$1,499
• Money laundering
• Bribery & corruption
• Fraud
• IT/Cyber
Enterprise
Annual license
$29,999
20 assessments
10 users
$250 / additional users
Bring your own content or buy content modules^
$1,499
• Money laundering
• Bribery & corruption
• Fraud
• IT/Cyber
All prices in USD
^ Content modules include risk categories, sub-categories, risk factors for each risk domain and a comprehensive controls library.
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Testimonials
Learn more from our clients and our partners about why they enjoy working with Arctic Intelligence.
Arctic has developed a unique platform that will fundamentally change how AML/CFT risk assessments and AML/CFT program manuals are developed across a diverse range of industry sectors, including gaming and wagering.
Porus Govekar
William Hill - Compliance Manager (AML/Fraud/Responsible Gambling)
The Arctic team has put together an outstanding platform that explains in everyday language the AML/CFT rules affecting our businesses.
Nathan van den Bosch
CEO - Bitcoin Trader
Arctic has intuitive platforms that take away much of the ambiguity associated with the development of an effective risk assessment and AML/CFT programs. It is clear that it has been designed by industry experts who have a genuine passion for removing the complexity of compliance.
Greg Hogarth
OFX - Head of Compliance APAC (2017)
Very impressed with the technology and how easy it was to navigate. I did not have any prior training, however it only took a couple of pages to understand how it works.
Charlie Woods
Craigs Investment Partners
Knowing that we have the technology supporting our business gives us an exceptional degree of confidence that we will be meeting and exceeding regulatory expectations moving forward.
Martin Asher
CEO - Lex Exchange
AML Accelerate is a fantastic tool – for Xinja, who is striving to be Australia’s first truly independent 100% digital neobank, this helped establish our AML Program.