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inriskable Unveils Rebranding
Mission for 2024 &
2023 Recap
Published on 18 April 2024
New Features in this release
inRiskable has officially undergone a rebranding, adopting the new name 'inriskable' along with a refreshed brand image and logos. This rebranding signifies our commitment to embarking on a new phase of our software development. Our primary goal is to establish trust within the individuals and small to medium-sized enterprises (SMEs) we serve. We aim to pave the way for a future where businesses can prosper, expand on a global scale, and thrive with a solid foundation of trust.
Charting a New Mission for 2024
Inriskable, derived from the combination of "invisible" and "risk," we embodies our core mission of helping organizations uncover hidden risks associated with SMEs, directors, and individuals using cutting-edge technology and alternative data.
As we enter 2024, inriskable is committed to alleviating the burden on financial institutions and banks by delivering comprehensive business overviews for customer due diligence of SMEs and high-net worth individuals in the APAC region. Our primary aim is to streamline the customer onboarding and due diligence process, enabling institutions to operate more efficiently and effectively. To achieve this, we will expand our database to encompass a wide range of open data sources, providing a holistic view of risk. Furthermore, we will enhance our software to encompass all aspects of data evaluation, empowering institutions to evaluate the financial portfolios of SMEs with unparalleled accuracy.
Reflecting on inriskable's Achievements in 2023
The year 2023 marked a significant milestone for inriskable as we gained the trust of our valued customers and partners. Our dedication to excellence and innovation has been recognized by prominent media outlets such as Hong Kong Business Review, Tech in Asia, and The Integrator magazine. Furthermore, we secured the prestigious 2023 MicroFund from The Hong Kong Polytechnic University, demonstrating our commitment to driving positive change in the industry. Additionally, we received pre-seed investment from Tenity Singapore, fueling our growth and paving the way for future success.
In 2023, inriskable unveiled two groundbreaking features that have revolutionized risk assessment and due diligence processes within the banking sector.
Our Adverse Media Module, powered by a customized Language and Machine Learning and Natural Language Processing model trained on a vast dataset of 8 million records, empowers banks to streamline their enhanced customer due diligence and anti-money laundering processes. The module categorizes unstructured data into 23 risk categories, achieving an impressive accuracy rate of 90% in identifying risk-related events associated with SMEs and individuals. Through rigorous testing with a local bank in Hong Kong, we have consistently proven our ability to deliver unparalleled results.
Furthermore, we introduced a pilot program that provides early credit and default risk warnings for SMEs, leveraging the power of adverse media data. This pilot has been successfully tested with an international bank in Hong Kong, showcasing the tangible benefits of our innovative solutions in real-world scenarios.
Looking Ahead
