Merlon was built to leverage the power of artificial intelligence to fight financial crime. Using context-aware natural language processing, the vendor states that Merlon uncovers risk that legacy rule-based adverse media solutions miss while significantly reducing false positives. The vendor states that because adverse media is a leading indicator of risk, identifying risk well before people are convicted or placed on watchlists, it is a key part of a proper CDD program. Merlon’s solution…
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Risk Proof
Score 8.0 out of 10
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Risk Proof, a PwC Product, aims to enable organizations to act quicker to stay on top of the ever-changing world of financial risk. It streamlines risk assessments into a single platform, in order to make the entire process visual, interactive, trackable and actionable. The vendor states users will spend less time on manual tasks and more time knowing what risks and controls to focus on, to help increase protection.
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Pricing
Merlon
Risk Proof
Editions & Modules
No answers on this topic
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Offerings
Pricing Offerings
Merlon
Risk Proof
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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Merlon
Risk Proof
Considered Both Products
Merlon
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Risk Proof
Verified User
Anonymous
Chose Risk Proof
It was the tool used in the organization for risk assessment of any potential leads and deals. Before the tool, we used to analyze any risks using manual effort and approach which used to take a lot more man-hours and less reliable quantitative analysis for similar kinds of …
Risk proof is well suited for quickly finding out potential money laundering [clients] and how much risk would it pose to get into a deal with the client. Risk proof is less suited around some ethical practice assessment of an organization. Such a scenario needs more manual intervention rather than tool assessment.
It was the tool used in the organization for risk assessment of any potential leads and deals. Before the tool, we used to analyze any risks using manual effort and approach which used to take a lot more man-hours and less reliable quantitative analysis for similar kinds of deals and scenarios.