March 27, 2023
Acin named as finalist for RegTech Partner of the Year at the British Banking Awards 2023
Acin is delighted to be part of the RegTech Partner of the Year category in this year’s British Bank Awards.
The Smart Money People’s British Bank Awards are a respected symbol of excellence in the banking industry and category winners are chosen by a public vote.
The awards aim to find the financial companies most dedicated to putting their customers first and act as a resource for customers and organisations looking for banking providers and suppliers.
Acin is an AI platform that enables financial institutions to digitise their operational and non-financial risk analysis using groundbreaking data analytic capabilities.
Acin has established an industry network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised inventory of risks and controls. The results revolutionise the understanding and management of firms’ operational and non-financial risk positions, accelerating their journey to become safer and more efficient.
You can vote for Acin in the RegTech Partner of the Year category on the British Bank Awards site.
Jacqueline Dewey, CEO of Smart Money People, said: “Now in their ninth year, Smart Money People’s British Bank Awards celebrate the very best of British within the banking industry, as recognised by those who matter most – the customer.”
“Each year the competition gets fiercer, and we’re sure that 2023 will be no different. Good luck to all the entrants.”
Paul Ford, CEO, Acin, said: “Our mission is to transform non-financial risk and empower financial institutions to digitise and calibrate their risk analysis, using our groundbreaking AI driven data analytic capabilities.”
“To help us on our journey, a consortium of banks – JP Morgan, Citi, Barclays, BNP Paribas and Lloyds – have recently invested in us to help financial institutions better manage their op risk, protecting the industry from regulatory challenges, financial costs and reputational damage.”
“We’ve recently expanded our network to the retail sector and we have ambitious plans for 2023.”
Founded in 2018, Acin has built the defining data network for operational risk control, for leading financial institutions.
Acin’s award-winning Risk Control Diagnostics platform digitizes and assures operational risk controls in a connected data network across the financial services industry. Acin assures operational risk controls are complete, efficient and calibrated to the market.
Using technology and data science Acin is equipping financial institutions to quantify, calibrate, and visualize their operational risk control data – transforming operational risk control from a manual, qualitative and subjective discipline into one that is automated, quantitative, and robust.