Risk Assessment

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.

  • Decades of expertise distilled into an easy-to-use platform
  • Modernise your risk management practices using the latest technology
  • Standardise risk based methodologies across the enterprise
  • Reduce reliance on expensive consultants, bring expertise in-house
  • Save time and money, designing risk frameworks, reducing compliance costs
  • Demonstrate sound risk management practices to Regulators
  • Provides peace of mind to the Board of Directors
  • Join our community and have your say on enhancements
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.

30 day free trial

Trial

Free

1 assessment

1 user

No additional users

Limited content

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.

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

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

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)

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)

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.

David Nichols

Xinja, Chief Risk Officer