OUR APPROACH
A Holistic, AI-Powered Approach to Risk and Regulatory Compliance
Riskavant provides a holistic, end-to-end regulatory compliance solution that combines regulatory expertise, consulting, technology, AI, and workflow automation.
Our engagement begins with a comprehensive assessment conducted by our banking, regulatory, risk, and compliance subject matter experts. We review the institution’s existing policies, procedures, controls, and workflows to identify gaps, inefficiencies, and areas of potential regulatory exposure.
Based on the assessment, we provide practical recommendations and work with the institution to update or develop policies, procedures, controls, and workflows necessary to address identified gaps and align the organization with applicable regulatory requirements.
Technology then enables the ongoing compliance process. Our solution uses ServiceNow IRM/TPRM, agentic AI, and integrated workflows to monitor regulatory requirements, track compliance obligations, automate repetitive activities, manage action items, and provide visibility into outstanding issues and remediation activities.
A key component of our solution is the ability to continuously monitor new and changing regulatory requirements. When relevant regulatory changes are identified, AI can assist in analyzing their potential impact on the institution’s existing policies, procedures, controls, and workflows. This allows compliance teams to identify required changes and initiate appropriate actions through predefined workflows.
The objective is to move regulatory compliance from a periodic, manual, and reactive process to a continuous, technology-enabled, and proactive operating model.
Our Holistic Approach
Our holistic approach combines:
Expert Regulatory Assessment and Consulting
Policy, Procedure, and Control Reviews
Regulatory Change Monitoring
Agentic AI for Analysis, Summarization, and Automation
Integrated Workflows and Action-Item Tracking
Automated Compliance Activities and Evidence Management
Risk and Control Monitoring
Management Reporting and Visibility
Continuous Identification and Remediation of Compliance Gaps
Combining Human Expertise with AI and Workflow Automation
By combining human expertise with AI and workflow automation, Riskavant aims to help financial institutions reduce manual compliance effort, improve operational efficiency, respond more quickly to regulatory changes, maintain better documentation and evidence, and reduce the risk of regulatory findings and penalties.
The result is a compliance operating model that enables banks and credit unions to keep their regulatory programs current while allowing their compliance teams to focus more of their time on higher-value risk management and decision-making activities.
Our Technology-Enabled Approach
Our approach combines regulatory and banking consulting and managed services using AI-enabled technology, along with an integrated workflow platform for action.
The technology stack is anchored by ServiceNow IRM and TPRM and integrated with Microsoft Copilot and custom AI agents.
These capabilities will automate repetitive compliance activities, summarize large volumes of information, identify trends and anomalies, support fraud and money-laundering detection, and initiate or escalate appropriate workflows when potential risks or compliance issues are identified.
A Proactive and Continuously Monitored Operating Model
The objective is to move compliance from a largely manual and reactive process to a more automated, proactive, and continuously monitored operating model.
AI agents can assist with activities such as:
- Regulatory research and summarization
- Control assessments
- Identifying patterns for fraud and money laundering activities
- Evidence collection
- Risk analysis
- Reporting
- Workflow initiation
Where appropriate, AI-generated findings can trigger notifications to the responsible teams for human review and action via pre-built actionable workflows.
Making Enterprise-Grade Capabilities Accessible
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.
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.