RiskRator produces a BSA/AML & Sanctions Risk Profile at the Entity Level
Following FFIEC examination guidance as well as Basel and FATF-GAFI international standards, and ISO and COSO guidelines.
Measures the Existence and Effectiveness of the AML/CFT/Sanctions Controls and of the Overall Compliance Program.
Built on the entire base of an institution’s transaction flows, this bottom-up approach is the most comprehensive and rigorous in the industry.
RiskRator provides all the charts needed to understand and communicate the results of the Risk Assessment.
RiskRator also provides a Business Intelligence tool to gain insights into the drivers of your risk and a Data Vault to audit and analyze your data flows.
RiskRator is tailored to your organization’s unique risk profile
RiskRator is supported by Compliance experts throughout the process, not a standalone software.
RiskRator is the only solution that utilizes the entire base of transactions to calculate Inherent Risk.
RiskRator has been reviewed and received strong positive reviews by Regulators.
Customizable to your institution’s unique risk profile – not a one size fits all approach.
Inherent Risk: RiskRator quantifies Inherent Risk based on the volume of transactions of the client base by geography and its customer’s use of the entity’s products, services, and channels.
Residual Risk: We evaluate the existence and quality of the Mitigating Controls for each Risk Event based on these scores, RiskRator quantifies Residual Risk on a consolidated basis and by category of risk.
