Automate Enterprise-Wide Risk Assessment With Risk Assessment Vault

Traditional manual risk assessments are slow, error-prone, and insufficient for today’s compliance demands. Risk Assessment Vault automates and standardizes the process with powerful, configurable workflows, ensuring holistic as well as detailed insights, full auditability, and repeatability.

Aligned with global regulatory frameworks/guidelines like Enterprise-Wide Risk Assessment (EWRA), Financial Crime Risk Assessment (FCRA), and Institutional Risk Assessment (IRA), it enables faster, more accurate, and fully compliant risk management across the enterprise.

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Risk Assessment Vault process flow chart

Why Risk Assessment Vault?

Legacy risk assessment processes often rely on disconnected systems, manual inputs, and offline spreadsheets, leading to inconsistent results, delayed risk responses, and regulatory gaps. These outdated methods struggle to meet evolving expectations for structured, repeatable, and auditable risk management.

Risk Assessment Vault transforms the risk assessment lifecycle through end-to-end automation, AI-driven insights, and dynamic risk scoring. It enables real-time, enterprise-wide assessments – from onboarding to periodic and event-driven reviews – while ensuring full auditability and repeatability across every step.

Built to align with key regulatory frameworks, Risk Assessment Vault supports:

With seamless integration capabilities and regulatory-ready reporting, Risk Assessment Vault empowers organizations to stay ahead of risk, ensure continuous compliance, and drive a proactive risk culture at scale.

Enterprise-Wide Risk Assessments (EWRA) under FATF guidelines and global AML regulations, ensuring institutions holistically evaluate and mitigate financial crime risks.
Financial Crime Risk Assessments (FCRA), focusing on broader threats like sanctions, fraud, and corruption, as mandated by bodies like FinCEN, FCA, and MAS.
Institutional Risk Assessments (IRA), critical for demonstrating governance, risk ownership, and compliance readiness across jurisdictions.

Key Features & Differentiators

Automated Risk Assessments

  • End-to-End Automation: Automates the risk assessment process, reducing the need for manual data entry, offline spreadsheets, and error-prone calculations.
  • Integrated Workflows: Pre-configured workflows for the assessment and mitigation of risks, reducing human intervention and ensuring consistent, regulatory-compliant results.

Seamless Integration

  • Centralized Data Repository: Risk Assessment Vault integrates seamlessly with existing systems such as core banking, payment systems, and other enterprise risk management platforms, ensuring that data flows smoothly without manual intervention.
  • Cross-Platform Compatibility: With its cloud-native architecture, the solution is easily scalable and can be deployed in hybrid, on-premise, or cloud environments, ensuring compatibility with any system or architecture.

Regulatory Compliance Made Easy

  • Cross-Jurisdictional Risk Scoring: Risk Assessment Vault is pre-configured to comply with regulatory frameworks across multiple jurisdictions (e.g., FATF, FinCEN, FCA, CBUAE, MAS), ensuring that assessments are always in line with the latest standards
  • Automated Reporting: The system automatically generates reports that can be submitted directly to regulatory bodies, ensuring that organizations remain compliant without the need for manual report creation.

Streamlined Collaboration

  • Integrated Stakeholder Review: Risk assessments can be assigned to different stakeholders across the organization (first-line defense, process owners, etc.), allowing for seamless collaboration and ensuring the right people have input at the right time.

  • Real-Time Collaboration: The platform supports real-time updates, so multiple teams can work on risk assessments simultaneously, improving efficiency and ensuring faster responses.

Scalable & Flexible Framework

  • Adaptable to Business Needs: Whether you are managing risks for a single business unit or across multiple product lines, Risk Assessment Vault can scale to meet the needs of your organization.
  • Continuous Improvement: The system learns from historical data to optimize its processes, ensuring that risk assessments improve over time as more data is incorporated.

Auditability and Repeatability

  • Comprehensive Audit Trails: Every assessment action, decision, and update is automatically logged, creating a comprehensive audit trail for transparency, traceability, and regulatory reviews.
  • Consistent, Repeatable Assessments: Standardized workflows and data-driven methodologies ensure assessments can be easily repeated over time, delivering consistent results and streamlining incremental annual assessments.

Benefits of Risk Assessment Vault

Efficiency and Accuracy

Automates and standardizes risk assessment workflows, minimizing human error and accelerating turnaround times.

Regulatory Confidence

Ensures continuous compliance with evolving regulations across multiple jurisdictions, keeping risk assessments consistently up to date.

Holistic Risk Perspective

Provides a holistic view of enterprise risk along with detailed risk breakdowns and drilldowns for deeper analysis.

Quantitative Risk Evaluation

Applies a data-driven, quantitative approach to assess risks and evaluate the effectiveness of controls.

Centralized Repository

Consolidates all critical information – including risk drivers, scenarios, and controls – into a single accessible platform.

Repeatable Risk Processes

Supports incremental, ongoing risk assessments with a consistent and repeatable methodology.

AI-Powered Chatbot

Enhances document analysis with capabilities for interpretation, summarization, and extraction of key insights.

Improved Collaboration

Facilitates teamwork through streamlined workflows and integrated collaboration tools, accelerating the overall assessment process.

Cost-Effective Compliance

Reduces operational costs by minimizing manual interventions and offline tasks, making compliance management more efficient and affordable.

How Risk Assessment Works

Key benefits of MoDeVaKey benefits of MoDeVa
Ready to Modernize Your Enterprise Risk Assessment?

Transform your manual, offline risk assessment processes with Risk Assessment Vault. By automating your entire risk management framework, you can improve efficiency, ensure regulatory compliance, and make more informed, real-time decisions.

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Ready to automate your Enterprise Financial Crime Risk Assessment?

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Accelerate evaluations with intelligent workflows and collaboration for faster response and proactive risk mitigation.
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Eliminate manual, fragmented processes with automated workflows, centralized data, and dynamic scoring for audit-ready assessments.
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Ensure compliance with FATF, FinCEN, MAS, and UAE FIU through pre-built templates and automated, jurisdiction-specific reporting.
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