Acin is delighted to announce that we have won the “OpRisk Innovation of the Year” award at the 2021 Risk.net Risk Technology Awards. The awards recognize those vendors doing most to help the risk management industry meet its various challenges in the fields of ALM, credit and operational risk, as well as wider enterprise risk management.
Operational risk (OpRisk) is among the most complex and costly issues facing financial institutions. By applying a unique blend of digitisation technology and data science, and creating a peer-to-peer network of the world’s most significant global banks, Acin is doing for OpRisk management what has never been achieved before: transforming it from a qualitative and subjective discipline to one that is quantitative and objective.
Acin’s first-of-its-kind SaaS platform digitizes OpRisk and combines the shared data of its peer-to-peer network to ensure risks and controls are complete, effective, calibrated to the market and efficient. This is unparalleled and has led to this recognition from Risk.net.
“Being recognized by the Risk.net judges for our contribution to the industry in delivering assurance around Operational Risk Controls is hugely rewarding.” Paul Ford, Founder and CEO, Acin.
More information on our award-winning Acin Platform is available here
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Acin is the leading risk and control data standards, benchmarking and controls data analytics company. Acin enables firms to standardise non-financial risks and controls, improve efficiency and reduce the cost of their risk and control operating model.
We are a SaaS-based, Enterprise platform transforming the way financial services firms manage non-financial risk through a technology, data standards and content-driven platform that connects financial services firms together to better measure, manage and mitigate non-financial risk. We are resolving the root cause of the problem rather than just treating the symptoms.
Acin’s solution has received widespread industry recognition, including multiple awards wins such as the IIRSM Risk Excellence Award 2020, and has been named as one of the most innovative RegTech companies in 2019 and 2020.