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

Subscribe to our newsletter

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.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing culture and conduct: Is your organisation compliant with the Senior Managers and Certification Regime (SMCR)?

The FCA’s Senior Managers and Certification Regime (SMCR) came into play in the UK banking sector in early 2016, with the aim of reducing harm to consumers and strengthening market integrity by creating a system that enables firms and regulators to hold individuals to account – and it is not going away with the FCA...

BLOG

CloudMargin Partners with Margin Tonic for AANA Calculations Under UMR

Collateral management specialist CloudMargin has partnered with regulatory consulting services provider Margin Tonic to launch a global Average Aggregated Notional Amount (AANA) calculation service for the latter phases of the Uncleared Margin Rules (UMR). The joint subscription solution automates the AANA calculation for clients using the CloudMargin platform, leveraging Margin Tonic’s expertise in the multi-jurisdictional UMR, helping...

EVENT

ESG Data & Tech Summit 2022

The inaugural ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...