We are delighted to announce that Acin has won the “Risk Management Software of the Year” award at the 2021 FSTech Awards ceremony that took place on September 8th. These awards celebrate excellence and technology innovation within the UK and EMEA financial services sector.
Acin is solving one of the most complex and costly issues facing financial institutions – the need to quantify and calibrate Operational Risk (OpRisk) management, as has previously been possible for credit and market risk.
Our pioneering approach is creating the industry standard for OpRisk management. Using a unique blend of digitization technology and data science, alongside a peer-to-peer network of the world’s most significant global banks, Acin is transforming OpRisk management from a subjective and qualitative discipline to one that is quantitative and objective. Operating as a collective, the world’s leading financial institutions can calibrate their own OpRisk control environment against the industry, and their peers.
“Being recognized by the FSTech judges for the quality, excellence and value of our Risk Management SaaS solution is hugely appreciated. We faced some tough competition in this category, which makes this achievement all the more rewarding.” Paul Ford, Founder and CEO, Acin.
More information on our award-winning Acin Platform is available here
Notes to Editors
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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.