Arctic Intelligence provides a financial crime risk assessment software that enables organizations to evaluate their vulnerabilities to money laundering, terrorism financing, and other compliance risks in accordance with global regulations and FATF guidelines. The platform offers real-time reporting and customizable risk profiles, allowing businesses to efficiently manage their audit, risk, and compliance programs while ensuring defendable, data-driven results.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face challenges in efficiently assessing and managing financial crime risks, including money laundering, terrorism financing, bribery, corruption, and sanctions, while adhering to evolving global regulations and FATF guidelines. Traditional spreadsheet-based risk assessment processes are often manual, time-consuming, and lack the real-time reporting and data-driven insights needed for effective compliance.
Solution
Arctic Intelligence offers a RegTech solution that automates and streamlines financial crime risk assessments, enabling organizations to efficiently evaluate their vulnerabilities and manage compliance programs. The platform provides customizable risk profiles, real-time reporting, and a central document repository with a full audit trail. By aggregating risk outcomes across business units and risk areas, Arctic Intelligence delivers defendable, data-driven results that help businesses identify high-risk areas, control gaps, and weaknesses. The software facilitates consistent risk assessment across multiple entities or jurisdictions, incorporating ongoing notifications of regulatory changes and regular country risk rating updates.
Target Audience
The primary target audience includes small, medium, and large businesses across various sectors, such as Fintechs, brokers, financial institutions, gaming companies, and wealth advisors, that are subject to AML/CTF regulations and require efficient risk assessment and compliance management.
Features
- Customizable risk assessment methodology and risk models tailored to specific industries and jurisdictions.
- Real-time risk aggregation and reporting across business units and risk areas.
- Centralized document repository with full history and audit trail for compliance defensibility.
- Action and issue tracking to manage remediation efforts.
- Ongoing notifications of regulatory changes to maintain compliance.
- Regular country risk rating updates to reflect evolving geopolitical risks.
- Integration capabilities to interface with existing systems for data-driven risk modeling and scoring.