The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Artesian Solutions Launches New Risk and Compliance Hub

Artesian Solutions, a UK-based client intelligence tool for financial services companies, has announced the general availability (GA) of its new Artesian Risk and Compliance Hub (ARCH), following two years of development.

ARCH is designed to enable relationship managers, underwriters and frontline teams within banks, insurance companies, and other financially regulated industries to assess and understand their corporate clients at the start of the customer journey and throughout the life of the customer.

Using a configurable decision engine, ARCH continuously monitors real-time credit risk and KYC data sources, then uniquely applies each bank or insurer’s own policies to that data. The result is a summarised view of appetite and complexity, drawing attention to any potential issues with action flags.

In early tests conducted with a leading UK bank, ARCH was found to be 100% accurate in comparison to the existing bank process, finding 14% more critical risk issues than that particular bank’s existing process. In addition, ARCH reduced average case time from 200 minutes to 8 minutes (a 96% improvement).

The new platform highlights the upcoming trend of ‘distributed compliance’ – the ability for central teams to distribute KYC and AML tasks to their frontline colleagues who are best placed to engage with the client and solve issues in the most effective manner.

“We’ve built a strong team of specialists to extend our core competencies and have worked closely with our key partners at Experian, LexisNexis and Refinitiv (Thompson Reuters) with more partnerships to come,” notes Artesian CEO Andrew Yates. “This allows our customers to select the data sources they already rely upon and trust and easily integrate them into ARCH.”

Related content

WEBINAR

Upcoming Webinar: The evolution of market surveillance across sell-side and buy-side firms

Date: 21 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and...

BLOG

VoxSmart Raises $25 Million with Toscafund to Finance Expansion and Growth

In a deal claimed to be one of the largest fundraises conducted for the RegTech and Compliance sector, London-based communications surveillance provider VoxSmart has raised $25 million to strengthen its markets surveillance technology suite and to fund further expansion, particularly in North America and emerging markets. Following $13.7 million raised in earlier rounds of Series...

EVENT

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...