One-liner: “4CRisk.ai develops advanced AI products for compliance and risk management, primarily serving enterprise clients.”
Company slogan: Helping you accelerate regulatory compliance initiatives while reducing cost and time with end-to-end AI technology.
Positioning: “4CRisk.ai positions itself as a transformative force in compliance and risk management, leveraging advanced AI to navigate regulatory complexities.”
Description: “In this world, nothing is certain except death, taxes, and regulations. The global financial industry has been fined USD 345B in penalties since 2009, while they are spending USD 270B annually on risk and compliance-related activities – What gives?
Global financial firms must deal with 900+ regulators, 300+ million pages of rules, many standards, and a regulatory change every 7 minutes. It does not get any better for a national bank or a regional bank operating in the US; they deal with a complex and dynamic regulatory landscape.
Enterprises also deal with a myriad of internal changes and factors such as organization structure, the introduction of new products or services, and pending enforcement actions. Throwing more humans at this problem and creating solutions to optimize the workflow between the humans has not worked, as evident by the ballooning cost of compliance and the increasing penalties due to non-compliance.
In 2020, the 4CRisk.ai team battle-hardened by 100+years of collective GRC experience and a passion for solving the “unstructured data” problem trained neural networks and used advance AI techniques to encapsulate the intent of regulations into mathematical structures called vectors. These vectors are now being used to emulate human intelligence and augment the human effort at scale to perform activities like regulatory research, automate impact assessments, and mitigate the design weakness of your compliance and risk documentation. We are a data-intelligence platform company on a mission to reduce your cost of compliance and decrease the risk of non-compliance. Our AI-powered solutions augment your human-capital to identify, mitigate, and convert risks into opportunities.”
Employees: 41
Website: Visit websiteHeadquarters: “San Francisco, Bay Area, California”
Ownership: Privately Held
Founded: 2019
Company type: AI company
Use cases: “regulatory research, compliance management, risk management, regulatory change management”
Pricing: “subscription, pay per usage”
Client sector: enterprise
Business model: subscription
Products: “Compliance Map, Regulatory Research, Regulatory Change Management, Ask ARIA Co-Pilot”
Is API available: no
Website title: 4CRisk.ai – Advanced AI and Predictive Analytics for Risk Management
Website description: none
Linkedin: https://www.linkedin.com/company/4crisk
Youtube: https://www.youtube.com/channel/UCmem8qZU1QAQX_-0OJDWbbQ
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Crunchbase: https://www.crunchbase.com/organization/4crisk-ai
Email: contactus@4crisk.ai