Close Menu
    Facebook X (Twitter) Instagram
    BusinessNews.phBusinessNews.ph
    Subscribe
    • Top Stories
    • Business
    • Events / Conventions
    • National
    • Technology
    BusinessNews.phBusinessNews.ph
    Home » JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin
    Business

    JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group make new strategic investment in operational risk management firm Acin

    By Marie JonesDecember 16, 2022
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Acin closes Series B with consortium of industry-leading banks

    Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group.

    The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group.

    This funding will enable further strategic product development in partnership with investing banks and existing clients. Additionally, it will enable Acin to expand and accelerate into new areas across the financial services industry.

    Acin’s platform empowers financial institutions to digitise their operational and non-financial risk analysis, using ground breaking data analytic capabilities. Acin has established a network that calibrates data and facilitates the sharing of best practice between firms, underpinned by a standardised library of risks and controls. The results revolutionise the understanding and management of firms’ operational and non-financial risk positions accelerating their journey to become safer and more efficient. Minimising operational risk capital is a shared industry ambition and Acin’s solution is a key building block.

    Click on, or paste the following link into your web browser, to view the associated PDF document.
    http://www.rns-pdf.londonstockexchange.com/rns/7475J_1-2022-12-14.pdf

    About Acin
    Founded in 2018, the Acin platform is the defining global operational risk network for connecting and quantifying data from the world’s largest financial institutions. Acin’s data analytic capabilities reveal gaps, duplication, and granular areas of weakness, enabling faster remediation at lower costs for completeness and optimised operations. This insight gives member firms exponentially deeper insights across their risk management landscape and against peer best practices.

    Acin is making the financial services sector safer, delivering prioritisation and acceleration of value to transformation and simplification programmes, plus ongoing dynamic risk management value across all three lines of defence, enabling significant operational cost savings. Combined with substantial contributions to loss/penalty avoidance and the ability to evidence industry comparison and progress towards stated goals, reinvigorated discussions are now possible at both board and regulator level around residual risk and capital allocation.

    Acin has achieved global industry recognition, including Risk.net’s OpRisk Innovation of the Year 2022 (second year in a row), Best ESG Risk Data Provider 2022, FS Tech Awards Risk Management Software of the Year 2021, and was named one of the most innovative regtech companies in 2019 and 2020.  Visit www.acin.com to learn more.

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    For the latest business and finance news in Asia - Business News Asia
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    BW Digital and BW ESS launch BW Velora to drive greater digital sustainability

    June 20, 2025

    New method to blend functions for soft electronics

    June 19, 2025

    Euro Manganese and Integrals Power Sign LOI and Offtake Term Sheet to Strengthen LMFP Battery Supply Chain

    June 19, 2025
    Latest News

    QS Energy Receives Initial Order for Multi-Year AOT Technology Deployment

    June 21, 2025

    CanSinoBIO Launches Pneumococcal Vaccine: An Innovative Choice to Safeguard Children’s Health

    June 21, 2025

    BW Digital and BW ESS launch BW Velora to drive greater digital sustainability

    June 20, 2025

    Legacy and Lifestyle: U.S. Polo Assn. Hosts Iconic Party at Pitti Uomo 108 in Florence, Italy

    June 20, 2025

    Philconstruct Visayas 2025 Showcases Innovation, Sustainability in Construction

    June 19, 2025

    How Containers Supercharge AI Development Projects

    June 19, 2025

    New method to blend functions for soft electronics

    June 19, 2025

    ULVAC Continues Participation in “Lab-in-Fab” Project to Advance Piezoelectric MEMS Technology, Now Entering a New Phase

    June 19, 2025

    Euro Manganese and Integrals Power Sign LOI and Offtake Term Sheet to Strengthen LMFP Battery Supply Chain

    June 19, 2025

    HKTDC Maintains 3% Export Growth Forecast

    June 18, 2025

    “J-Style Trip Season 3” Tops Ratings for Twelve Consecutive Episodes

    June 18, 2025

    CleverTap Launches “Promos” The Industry-First All-In-One Rewards Management Platform

    June 18, 2025

    Canstar Strengthens Technical Advisory Board with the Appointment of Geologist and VMS Mineralization Expert, Dr. Stephen J. Piercey, P.Geo., FGC

    June 18, 2025

    The Lemon Co.: How a Cebuano’s Homecoming Sparked a National Health Beverage Brand

    June 18, 2025

    Clark Waste Crisis: Was the Experienced Solution Sidelined?

    June 18, 2025
    BusinessNews.ph
    • Home
    • Business News Asia
    • Cebu Lifestyle Channel
    • Property News
    • Events News Asia.com
    • Contact Us
    • Cebu Business News
    © 2025 All Rights Reserved | BusinessNews.ph

    Type above and press Enter to search. Press Esc to cancel.