Acin Selected for the UK Government’s Department for International Trade’s New York RegTech Roadshow

  • Risk Management , Non-Financials
  • 19.02.2021 03:47 pm

Acin has been chosen as one of the first ever RiskTech providers to join the UK Department for International Trade (DIT)’s overseas roadshows, due to its pioneering approach to non-financial risk management, which is setting the global standard.

Following a highly competitive contest, Acin is one of just ten companies to be selected to showcase its solution to key US financial services organisations and regulators during the DIT’s 2021 RegTech roadshow this February. This event aims to connect innovative UK technology firms with key financial services stakeholders and potential partners, to help drive UK export revenues in the US.

The DIT RegTech roadshow will help Acin to build on its growing presence in the region. Acin will contribute to crucial forums on the risk and regulatory challenges facing financial services in both the UK and US, drawing from its extensive pool of cross-bank operational risk data to help inform the industry and regulators.

The Acin Platform automates and simplifies operational risk processes and provides a dynamic dashboard that delivers real-time risk assessment, updates on changing regulations, risk intelligence, and third-party feeds. The Acin Network delivers peer-to-peer benchmarking for each customer’s operational risk response, presented in a standardised form to allow deeper analysis and better insights.

Ten of the world’s largest global banks are already members of the Acin Network, which currently spans the UK, US, Europe and APAC regions.

Paul Ford, CEO and Founder of Acin, commented: “At the heart of Acin’s solution is collaboration, bringing together a network of firms to share knowledge and collectively raise the bar on operational risk management. Financial institutions that work together will significantly improve their ability to operate profitably, securely and in compliance with international regulation. We look forward to further contributing to cross-border cooperation through the DIT roadshow. Being selected is testament to our position at the vanguard of the industry and another step towards lifting the global operational risk standard.

Acin’s award-winning platform revolutionises operational risk and control management for financial institutions through a standardised, industry-wide taxonomy and a first-of-its-kind network that facilitates collaboration and collective intelligence between its customers, delivering insights from the shared data.

Kunal Khatri, Director for DIT North America, said: “The UK has been at the heart of the global financial services innovation for decades, and in 2021 we will continue to lead the global FinTech and RegTech revolution. As the number one destination in Europe for FinTech investment, the UK accounted for nearly half of the $9.3Bn invested in 2020. We’re excited to showcase the talent and expertise that UK companies have to offer. This roadshow is a great opportunity to deepen our bilateral engagement on financial services with the US and encourage private sector collaboration to make the world a safer, easier, and more equitable place to do business.”

The DIT’s RegTech Roadshow will take place virtually on 22-26 February, and more information on the event and the UK companies selected can be found here.

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