RiskCounts launches AI based OpRisk Scorecard 3 Feb 2019

Feb 3, 2019 RiskCounts announced the launch of AI/ Machine Learning based Operational Risk Scorecard product.

RiskCounts’ Operational Risk Scorecard is a first-of-its-kind application, using qualitative public data & information to provide early warning signal/s related to operational risk of a rated or unrated company/ies.

The RiskCounts’ Operational Risk Scorecard can additionally enable a firm to rate its own Operational Risk as a top-down self-assessment mechanism, viewed through the lens of public data and information.

RiskCounts uses Natural Language Processing and text analytics to build this scorecard of relative operational ‘riskiness’. The product is based on extensive AI and Machine Learning, knowledge mapping, data extraction, data modeling, and predictive analytics for a consistent, clear, and explainable methodology to rate a counterparty and provide “Early Warning” signals based on Operational risk.

RiskCounts (www.riskcounts.com) is a New York-based Risk solutions firm catering to Banks, Asset Managers, Financial services entities, and Fintech companies. We advise across issues and needs in Enterprise, Credit, Market and Operational Risk; as well as streamlining Business processes.