RiskScout
 | |
| Private | |
| ISIN | 🆔 |
| Industry | Computer software Governance, risk management, and compliance |
| Founded 📆 | 2019 |
| Founder 👔 | |
| Headquarters 🏙️ | , Austin, Texas, USA , USA |
Area served 🗺️ | |
Key people | |
| Members | |
Number of employees | 11-50 |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
RiskScout is a privately owned software as a service (SaaS) company founded and headquartered in Austin, Texas, USA.[1] The platform provides a technology solution to financial institutions, such as banks and credit unions, enabling them to scale and execute on their higher-risk compliance programs.
This gives them the opportunity to enter emerging markets.[2] Examples of these emerging markets include Cannabis THC[3], Hemp, CBD, independently owned ATMs, Money Services Businesses, Crytocurrency, and others.
History and Company Information[edit]
RiskScout was co-founded in 2019 by Justin Fischer and Joshua Keys in Austin, Texas.
RiskScout streamlines the considerable amount of compliance needed in accordance to following Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) protocols. The software was developed by risk and compliance experts with former BSA officer and examiner experience.[4]
The company is comprised of senior staff with decades of financial institution experience covering security, compliance, and confidentiality.
Products and services[edit]
RiskScout[edit]
RiskScout’s platform is designed for those in financial services industries and higher-risk markets. The platform provides:[5]
- Expert Regulatory Compliance Consulting
- New Market Activation
- Bespoke Lead Generation
- Onboarding
- Ongoing Due Diligence
Additionally, RiskScout’s platform also allows professionals to do the following:[6]
- Draft compliance plans and policies tailored to a financial institution’s needs and risk parameters
- Launch and promote programs in new markets with hosted microsites, branded content, and SEO optimization
- Tailor online applications for various markets, product lines, or regions
- Create dedicated workflows to streamline qualification, risk assessment, and onboarding
- Centralize enhanced due diligence and ongoing monitoring configured to a financial institution’s policy requirements and customer mix
- Maintain up to date customer profiles with CheckPoints
FirstPass[edit]
FirstPass[7] enables banking institutions and businesses to verify high-risk businesses. Some of these industries include finance, insurance, lending, real estate, legal firms, investors, hemp supply chain, and accounting practices. By using FirstPass Verification, one can gain updated information regarding:[8]
- Business address
- Key individuals associated with a business
- Business formation and status in all U.S. states
- Relevant license validation
- Government postings
- Website review
- Negative news
- Social media accounts
Leadership[edit]
- Justin Fischer, Founder & CEO
- Joshua Keys, Co-Founder & CTO
- Rob Tompkins, CFO
- Kristin Parker, Director of Compliance
- Marnie Keller, VP of Marketing
Awards and accolades[edit]
RiskScout is a SOC2 – Type 1 certified organization through the American Institute of Certified Public Accountants (AICPA).
See also[edit]
References[edit]
- ↑ Briggs, Angela (6 Oct 2021). "FinTech SaaS Company for Financial Institutions; Interview With Justin Fischer, The CEO of RiskScout". TechBullion. Retrieved 6 January 2022.
- ↑ Capelj, Renato (25 Oct 2021). "Fintech Focus For October 25, 2021". Yahoo! Finance. Retrieved 6 January 2022.
- ↑ Rodrigo Safdiye, Jose (8 November 2021). "Overcoming The Biggest Hurdle in Legal Cannabis, Banking". Benzinga. Retrieved 6 January 2022.
- ↑ Latka, Nathan (17 July 2021). "They Help Banks Underwrite Cannabis Founders, $500k ARR". The Top: SaaS Interviews with CEOs, Startups, Founders. Retrieved 6 January 2022.
- ↑ "RiskScout and OMNICOMMANDER Team Up to Bring Financial Institutions Opportunity to Enter Highly Profitable Emerging Markets". PRWeb. 3 November 2021. Retrieved 6 January 2022.
- ↑ "United Bankers' Bank and RiskScout Announce Partnership to Provide Turnkey Solution to Safely and Effectively Enter New Growth Markets". UBB. 7 October 2021. Retrieved 6 January 2022.
- ↑ "Meet The Disruptors: Justin Fischer Of RiskScout On The Three Things You Need To Shake Up Your Industry". Authority Magazine. 8 June 2021. Retrieved 6 January 2022.
- ↑ "RiskScout Joins Forces with Ncontracts to Increase BSA/AML Compliance Offerings to Open Up Emerging Markets". Business Insider. 10 September 2021. Retrieved 6 January 2022.
External links[edit]
http://www.riskscout.com (Official Website)
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