Wherever you are on your risk management journey, Acin has a solution for you.
Historically, it has been data that is the underlying barrier to OpRisk improvement. Spending vast sums of money on consultants and initiatives to remap risks, controls and processes into a new framework doesn’t always enable effective decision making; It doesn’t give you a benchmark, and the RCSA is still a challenging arduous process.
Acin improves your risk and control design to ensure completeness and calibration with your peers.
We have four solutions that deliver practitioner skills, technology, intelligent automation, and a peer data network to create the highest level of assured risk control environment within your firm.
Underpinned by machine learning and APIs, Acin is able to clean, improve, and digitize a copy of your risk control environment, finally connecting it into the peer network. Our various solutions support and accelerate your journey towards completeness, and trigger-based assurance within the network.
Firms suffering from inadequate control data quality, structure or standards subscribe to Acin’s data readiness solution, reducing project and transformation program timeframes from years to weeks.
Our team of data scientists and practitioners have decades of experience processing and identifying hundreds of thousands of rows of risk and control data. We cleanse and standardize data to the increasingly de facto Data Technical Standard (DTS) for OpRisk controls. Our AI tooling, available through the Acin Platform, categorizes data into controls and non-controls. This exposes duplication and proliferation, for reporting, analysis, acceptance workflows and download purposes.
Acin can train your internal team to apply the DTS themselves, although we will be able to do it for you much faster.
Data Platform provides a consolidated view of your risk control data, robust reporting, management tools and automated workflows. This enables you to manage changes and improvements, then synch them back to their originating GRC ’s and other repositories.
If you’re not ready to fully connect your risk control framework into one of Acin’s peer networks, we offer access to a restricted view of consensus controls from your selected peer group.
Whether you are reviewing e-Trading, Climate Risk or Investment Banking front-to-back, you’ll gain a complete benchmark view of firms that ‘look like you’ and adds completeness to your periodic RCSA process.
Also available are data insights against your chosen consensus controls. Significant business value is attached to the flow of network-based notifications, alerting you to the impact of new and existing regulations on your specific controls. Our Data Insight team are continuously mapping potential future regulatory scenarios, available to you through the platform.
For full dynamic connectivity of your risk control framework, within a network of your peers. Transform your periodic benchmark and onerous RCSA into a faster, more convenient trigger-based exercise, by asset class or risk type.
You will be alerted when data within the Acin Network changes, as new members join and existing members react to changing regulations, external events and perceived threats. This enables you to proactively identify gaps and new control requirements, as they arise.
Rows of data
ingested from 200+ sources
of control objectives
duplicate and proliferated controls
A global retail banking client has operations and a branch network across 15 European and APAC regions, and a complex risk control landscape.
The problem? The bank has several global risk frameworks, and an ever-increasing volume of regional policies and standards that have become costly to manage, inefficient and ineffective.
The solution? Acin’s Data Standardization offer enabled the bank to significantly accelerate its transformation program.
The results? By quickly building a cross-regional risk controls consensus inventory that was endorsed and delivered by both the first and second lines the bank achieved:
Solving the bank’s complex data challenges was the first phase of its strategy to continuously improve operational risk management.
Acin was selected for its pioneering approach, and for being the only data network and platform capable of achieving this critical business objective.
Sign up to receive all news and updates from Acin