Arctic Intelligence partners with Fintelekt to bring enhanced risk assessment capabilities to APAC region

Arctic Intelligence partners with Fintelekt to bring enhanced risk assessment capabilities to APAC region

Arctic Intelligence has partnered with Fintelekt Advisory Services in a move designed to build a stronger and safer financial ecosystem.

Fintelekt is a specialist provider of AML/CTF training and advisory services. Its goal is to equip banks, institutions, regulators, law enforcers, governments, and stakeholders with the skills required to be more effective and efficient in AML/CTF.

Together with Arctic’s enterprise-wide risk assessment expertise, the new partnership will promote risk assessment solutions in the Asia-Pacific region.

Understanding and managing financial crime risks is a significant problem for organisations. One of the biggest challenges is their risk and threat landscape, regulatory expectations, and internal and external environments constantly changing.

The good news is that smart regulatory technology – together with appropriate training and advice – can help businesses identify, assess, mitigate, and manage their AML/CTF compliance, bribery, fraud, cyber, and other risk areas.

Arctic Founder and CEO, Anthony Quinn, said, “We are delighted to partner with Fintelekt, who are recognised as a leading specialist training and advisory firm across the APAC region.  Together, we have started to build localised content modules to help guide small and medium-sized businesses that conduct money laundering and risk assessments and build compliant AML/CTF programmes using our AML Accelerate Platform.

“We believe that by combining best-of-breed technology with deep domain expertise, we can support businesses to meet their AML regulatory compliance obligations and strengthen their defences against financial crime.”

Fintelekt Managing Director, Shirish Pathak, added, “Assessing the organisation’s AML/CTF risks at least once every year is a requirement under the Financial Action Task Force (FATF) standards. However, there is no one-size-fits-all approach, and it is a challenging exercise, that many institutions grapple with.

“We recognise the unique skills and domain expertise that Arctic Intelligence brings, which will be very useful for reporting entities to comprehensively assess and manage their risks.

“We are very enthusiastic about this partnership and confident that the synergies through our respective specialisations will help build greater capacity in the financial crime compliance ecosystem.”