5 years ago

Acin Raises €10.3 Million to Revolutionize Operational and Non-Financial Risk Management

  • Acin, a UK-based data standards firm specializing in digitizing operational and non-financial risk, has secured €10.3 million in Series A funding led by Notion Capital

  • Acin's platform, used by 14 tier-one banks, allows institutions to digitize and quantify their risks, enabling better management and potentially reducing operational risk capital

  • The funding will accelerate Acin's growth, enhancing its cloud-based Terminal with additional risk and control inventories, software extensions, and integrated benchmarking

  • This will provide financial institutions with a complete front-to-back-office solution for operational and non-financial risk assessment and management

  • Acin plans to expand its solution into other sectors beyond financial services.

      • ProblemFinancial Services

      "Financial institutions struggle to manage operational and non-financial risks effectively due to static data and outdated processes and systems. This leads to inefficient risk management, potentially impacting their business safety and efficiency."

      Solution

      "Acin provides a cloud-based platform that digitizes and quantifies operational and non-financial risks, enabling financial institutions to manage these risks using data science and collaborate with peers. This results in improved risk understanding, management, and potentially reduced operational risk capital."

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