ABOUT RISKAVANT
Riskavant Group Inc. is a joint venture between Soltrix, a Select ServiceNow Implementation Partner, and SolomonEdwards, a leading national consulting firm providing GRC, cybersecurity, financial, operational, technology consulting and managed services to hundreds of banks and credit unions across the United States.
Riskavant combines deep banking and regulatory expertise with advanced technology platforms and AI to deliver risk, governance, and compliance solutions to regional banks, community banks, smaller financial institutions, and credit unions. Our mission is to help financial institutions proactively manage regulatory requirements, strengthen governance, manage risks, and maintain continuous compliance in an increasingly complex regulatory environment.
Our team brings together former bankers, regulatory and compliance professionals, technology consultants, ServiceNow specialists, Microsoft Copilot experts, and AI engineers with deep knowledge of U.S. banking regulations and financial operations.
Through our technology-enabled services, Riskavant helps financial institutions make their risk and compliance functions more efficient, proactive, and cost-effective. By combining experienced professionals with AI-driven automation and workflows on modern technology platforms, we help customers identify and mitigate financial, operational and compliance risks, improve oversight and reporting, and reduce the potential for regulatory findings and penalties resulting from non-compliance.
Riskavant’s approach enables financial institutions to leverage enterprise-grade risk and compliance capabilities without the cost and complexity traditionally associated with building and maintaining large internal teams and technology platforms.
Our Mission
Riskavant Group Inc.’s mission is to enable regional banks, community banks, and credit unions to harness the power of AI to strengthen their risk, governance, and regulatory compliance capabilities.
We develop and implement AI-enabled technology solutions that help financial institutions efficiently manage and demonstrate compliance with applicable federal regulations and regulatory requirements. Our solutions are designed to support institutions in addressing requirements and guidance from agencies and regulatory bodies including the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Financial Crimes Enforcement Network (FinCEN), National Credit Union Administration (NCUA), Federal Reserve, and Financial Industry Regulatory Authority (FINRA), as applicable.
By combining banking and regulatory expertise with AI, automation, and workflows on modern technology platforms, Riskavant helps financial institutions proactively identify regulatory requirements, automate compliance processes, improve risk monitoring and reporting, and strengthen overall governance—while reducing the cost and operational burden of maintaining effective compliance programs.
Our Goals and Objectives
Our goal is to provide a full-service Governance, Risk, and Compliance (GRC) solution designed specifically for regional banks, community banks, smaller financial institutions, and credit unions. By combining regulatory expertise, consulting services, and AI-enabled technology, Riskavant aims to provide a comprehensive compliance solution that helps financial institutions manage increasingly complex regulatory requirements more efficiently and cost-effectively.
At the core of our proposed technology platform will be ServiceNow Integrated Risk Management (IRM) and Third-Party Risk Management (TPRM), serving as the central platform for managing risk, compliance, controls, assessments, and regulatory requirements. The platform will be complemented by Microsoft Copilot and other AI capabilities, as well as custom AI use cases leveraging technologies such as Claude. This integrated architecture will allow us to automate and enhance a broad range of compliance and risk-management activities.
Riskavant’s offering will combine technology with consulting and managed services, providing customers with an end-to-end solution rather than simply a software platform. Our team of banking, regulatory, compliance, technology, and AI professionals will help customers implement, operate, monitor, and continuously improve their compliance programs. Our offering will be on a fixed-subscription model that helps our customers not only get cost-benefit but also budget effectively.
A key objective is to reduce the manual effort associated with regulatory compliance through AI and automation. Our solutions will help financial institutions monitor regulatory changes, assess their potential impact, update policies and controls, automate evidence collection and testing, improve reporting, and provide greater visibility into compliance and risk.
Our shared-services model will also enable customers to benefit from shared technology investments, standardized compliance processes, specialized regulatory expertise, and shared development and support resources. This approach can significantly reduce the cost of maintaining sophisticated compliance capabilities compared with building and supporting equivalent capabilities independently.
As financial institutions grow, their regulatory obligations and compliance costs can increase substantially. In some cases, institutions may face additional regulatory requirements when they cross specific asset-size thresholds. These incremental requirements can create additional operational complexity and expense and may influence how institutions plan for growth.
Riskavant’s objective is to help remove compliance complexity as a barrier to growth. By combining AI, automation, standardized processes, shared resources, and deep regulatory expertise, we aim to enable financial institutions to scale their businesses while maintaining effective governance and compliance capabilities without having to increase compliance resources at the same rate as their growth.
Ultimately, Riskavant seeks to transform regulatory compliance from a predominantly manual, labor-intensive function into a technology-enabled, continuously monitored, AI-assisted capability—helping banks and credit unions improve efficiency, manage regulatory risk, and support sustainable growth.
Our Business Philosophy
Our business philosophy is to democratize access to AI for smaller and mid-sized financial institutions that may face financial, technical, and resource constraints in building and operating AI capabilities independently.
Many smaller banks and credit unions recognize the potential of AI but may be hesitant to make significant investments in the infrastructure, software licenses, specialized AI and development teams, integrations, ongoing maintenance, and consulting required to successfully deploy and scale AI solutions.
Riskavant addresses these challenges through a shared, technology-enabled services model that brings together AI infrastructure, software platforms, development expertise, regulatory knowledge, and ongoing support. We help financial institutions identify and prioritize high-value AI use cases with measurable ROI, while managing the complexity and cost associated with implementation and ongoing operations.
By leveraging shared resources, reusable solutions, standardized capabilities, and economies of scale, Riskavant aims to make enterprise-grade AI capabilities accessible and economically viable for smaller banks and credit unions—without requiring them to build and maintain the entire AI ecosystem themselves.