Sat. Oct 24th, 2020

Planet Compliance

Innovation & Regulation in Finance

The Business Spotlight on… Corizance

3 min read

The Business Spotlight: The section where we look at the companies active in the sectors we cover, tell their stories and introduce their solutions to show you what they’ve got and who they are. Today with…

  1. What can you tell us about your company and your products & services?

During this period of an unprecedented level of emerging risks and regulatory challenges, CORIZANCE will help banks, insurance organisations, governments and high-risk businesses to reduce their critical risk using a unique, connected and cognitive approach.

The cloud-based AI-driven platform offers individual and connected risk management of

  • Cybersecurity risk
  • Financial Crime Compliance risk
  • Enterprise Compliance Risk
  • Advanced Technology Risk
  • Conduct Risk
  • Operational Risk
  • Third Party Management Risk
  • Climate Risk
  • Environmental Risk
  • Other Configurable Risks
  1. How did you come up with the idea and what drives you?
  • Businesses across the world are facing immeasurable levels of emerging risks.
  • Our extensive research has identified that businesses are unprepared and unable to identify, predict, manage and mitigate current/emerging business risks in an effective manner.
  • Having helped many organizations to manage their risks effectively and seen the challenges they face, I am excited about the opportunity this business gives to help small/large businesses across the world in reducing their critical risk exposures; thus making them more resilient and successful.
  1. What is it that makes your company different from others?

CORIZANCE’s AI-powered Risk management platform offers

  • Management of enterprise-wide risks as well as an in-depth analysis of individual risks within the single platform to meet the broadest and deepest of client needs.
  • Highlights adverse trends and insights for Senior Management Risk Committees and Board members.
  • Cognitive and connected risk management approach in identifying and assessing enterprise-wide risks within a single technology platform.
  • Automation of enterprise and operational risks management allowing linkage between top-down and bottom-up risk assessments.
  • Augmented and predictive risk insights using the in-built AI powered analytics engine, enabling greater focus on emerging critical risks.
  1. Where are you based?

London, UK

  1. When was the company launched?

December, 2018

  1. What traction have you made? Can you tell us about your biggest achievements so far?

Currently working with early clients and in advanced discussions. Established product/market fit and USP.

Biggest achievements are

  1. Gaining acceptance and accreditation from experts and industry bodies about our unique approach on enterprise wide business risk management
  2. Excellent client feedback about the product, its ability in addressing the key challenges faced and innovative product vision/roadmap
  3. What advice could you give to other entrepreneurs and start-ups?
  • Dream
  • Take (calculated) risks
  • Leverage trusted network and friends
  • Understand your customers and market
  • Focus on delivery and execution
  • Be positive and expect surprises
  1. What can you tell us about your team?
  • Passionate about helping the world through technology & innovation
  • Combining both industry expertise and product excellence to help clients
  • Out-of-the-box thinkers
  • Trusted and open
  • Thrive on challenges
  • Learning
  1. What’s next for your company?
  • Continued AI advancements of the product to serve and help clients
  • Achieving the target customers, customer success and support excellence
  • Ecosystem development with new partnerships
  • People development and progression
  • Positioning as one of the innovative risk platform leaders
  1. How do potential customers and investors get in touch with you?

Website: www.corizance.com

Twitter: www.twitter.com/corizance

LinkedIn: https://www.linkedin.com/company/corizance

Facebook: https://www.facebook.com/corizance

Contact: enquiries@corizance.com

 

 


“The Business Spotlight on…” is the section at PlanetCompliance that looks at the companies active in the sectors we cover, tells their stories and introduces the solutions to give them a platform to show what they’ve got and who they are. If you want to know more about how you can get featured in this section, contact us at launch@planetcompliance.com or on Twitter at @PlanetComplianc


 

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

PlanetCompliance © 2020. All rights reserved. | Newsphere by AF themes.