Global RegTech firm Arctic Intelligence welcomes South African based consultancy, Financial Crime Risk Management Consultants to their partner network.

28 April 2020 – Arctic Intelligence continues to strengthen their partner ecosystem by welcoming a new addition to their global alliance network. This strategic partnership with Financial Crime Risk Management Consultants (FCRMC) will harness support across the African region.

Imelda Newton, Chief Revenue Officer from Arctic Intelligence is thrilled to extend their global footprint and says, “Leveraging local expertise is critical to providing the best outcome for our customers. FCRMC brings a depth of financial crime experience and knowledge to our partnership”.

Amidst the global pandemic COVID-19, it has become apparent that businesses need to be more vigilant as financial criminals are taking advantage of vulnerabilities within businesses. Ensuring anti-money laundering policies, procedures and controls remain proportionate to the current level of risk is critical.

Anthony Quinn, Founder and CEO of Arctic Intelligence believes that “technology has an important role to play in providing regulated businesses and the consulting firms that serve them with capabilities that help them to better understand their risks and build appropriate and proportionate controls to mitigate and manage these vulnerabilities”.

Quinn added “We are excited to be partnering with FCRMC to expand our client and partner network into South Africa and beyond”.

Fostering these partner relationships will digitally transform the fight to minimise financial crime globally. FCRMC provides a combination of expertise and experience of providing risk and compliance consulting services within both public and private sectors.

Roy Melnick, Managing Director of FCRMC says, “We are excited to partner with Arctic Intelligence in bringing their unique products and services to the Africa market.

Constant risk assessment and health checks are critical to any financial crime program and organisational operating model. Many African country regulators have recognised this to ensure that control measures within regulated institutions are effective and aligned to changes to the operating environment. Consequently, several countries regulators require regulated institutions to conduct periodic independent assessment of their financial crime risk and control environment, to assist them to bolster efforts to combat financial crime.

Today’s financial crime risk mitigation efforts require increased reliance on technology to ensure the consistent application of assessment standards and measurement. The partnership with Arctic Intelligence makes a lot of sense to us and is aligned to our mantra of ‘effectively combating financial crime.”.

Arctic Intelligence continues to grow their international footprint and broaden their coverage across each market. Adoption of this globally focused locally based RegTech continues to grow as regulated businesses digitally transform under this economic state.

Arctic Intelligence Company Overview

Founded by Anthony Quinn and headquartered in Sydney, Australia, Arctic Intelligence is a privately owned, globally focused RegTech firm that specialises in audit, risk and compliance software related to financial crime compliance and risk management.

Arctic Intelligence has developed three leading cloud-based software solutions that leverage technology to re-engineer the way in which major financial institutions and other regulated businesses manage their financial crime risk and compliance programs.

Arctic Intelligence Solution Suite

AML Accelerate - A cloud-based, integrated approach to assess and manage enterprise money laundering and terrorism financial risks. Designed for small to medium sized regulated entities.

Risk Assessment - A cloud-based configurable enterprise risk assessment solution for larger complex entities designed to assess the financial crime risk and control framework.

Health Check - An assurance workflow solution for larger complex entities and their consultants to assess the effectiveness of their financial crime compliance programs.

Financial Crime Risk Management Consultants (FCRMC Pty Ltd) 

FCRMC is a Johannesburg based firm that focuses on bringing the various financial crime risk management stakeholders together. It seeks to create opportunities for the public and private sector participants and service providers to share their experiences, with the objective of finding solutions to common financial crime challenges, aligned to local and global developments and trends.