Feature
Companies are turning to artificial intelligence (AI) risk management vendors to help with critical risk functions throughout their operations. The growing volume of risks across enterprise departments is creating an AI opportunity for risk management companies. The specialization and scale of AI risk solutions are particularly beneficial to companies in highly regulated industries that must comply with numerous regulations. Here, we look at some of the top risk management companies offering AI solutions in the market.
1. ComplyCube
ComplyCube’s technology is designed to enable users to onboard more customers more quickly. The company’s AI platform verifies customers’ identities in seconds through ID documents, selfies and trusted data sources, enabling users to comply with identity verification, anti-money laundering (AML) and know your customer (KYC) requirements. Biometric checks ensure customers are genuine and present during transactions, and adaptive AI helps detect spoofing and tampering and stop fraudsters.
2. BigID
BigID offers AI-based solutions for data security, compliance, privacy and governance. The technology helps uncover dark data to surface critical risk for remediation as well as deliver data discovery and classification for a user’s sensitive data. BigID’s solutions are designed to reduce risk and align the user’s information with data regulations and security frameworks, avoid audits and enable compliance.
3. Holistic AI
Holistic AI’s solutions use adaptive AI to detect spoofing and tampering and deter fraudsters. The technology assesses systems for efficacy, robustness, privacy, bias and explainability. The company offers actionable risk mitigation strategies and standardized reporting across the enterprise. Holistic AI also supports the ability to continuously audit inventory to ensure compliance in relevant markets across the globe.
4. ValidMind
ValidMind focuses on AI and model risk management for financial institutions. The company’s product suite includes automated model documentation to help meet user’s compliance requirements as well as content and workflow management to track model risk and compliance across the enterprise. Users can deploy the solutions in a public or private cloud environment. ValidMind’s technology integrates with various model development environments and data warehouses.
5. CybelAngel
CybelAngel offers AI-based technology to help an enterprise secure its digital activities against cyberattacks and cyber breaches. The company provides real-time, comprehensive scans of the internet to look for new risks as well as machine learning (ML) models backed by dedicated analysts. Beyond reporting risks, it offers fast remediation through takedown services, API integrations and pre-built connectors. CybelAngel also offers an API threat detection solution to go along with its asset discovery and monitoring module.
6. SHIELD
SHIELD is a risk assessment company focused on mobile devices that offers AI-based device intelligence. Its technology persistently identifies devices, users and accounts that a user can trust and ones that they shouldn’t trust. SHIELD’s embedded machine learning algorithms provide alerts based on self-configurable risk thresholds, and the company also gives users insights into the underlying data.
7. 6clicks
6cliks offers a suite of solutions that run on a single AI-powered platform to help companies in different industries manage cyber risk and compliance. Its solutions include information security management, vendor risk management, enterprise risk management and regulatory compliance. The 6clicks platform allows users to establish a vendor risk management process across the supply chain. Customers can also look for the appropriate 6clicks risk management solution by industry, requirement or objective.
8. ProcessUnity
ProessUnity provides an AI-based, configurable platform to automate the third-party risk life cycle, from onboarding to ongoing monitoring. Users can tap into the company’s library of validated third-party risk assessments and predictive risk data. ProcessUnity also offers a universal data core designed to eliminate information silos and improve collaboration.
9. Dataminr
Dataminr offers an AI-powered platform that uses more than 50 proprietary large language models (LLMs) and multi-modal foundation models trained on over 12 years of company data to discover the earliest signals of events, risks and threats from within public data. The platform performs trillions of daily computations across billions of public data inputs from nearly one million public data sources. Dataminr provides several data-based solutions designed to meet the different risk needs of enterprises, media organizations and first responders.
10. Alpha Recon
Alpha Recon provides AI-powered risk solutions and services that offer clients risk intelligence and insights and help optimize security programs, manage and protect assets. The company offers different solutions tailored to the specialized risk needs of security professionals, enterprises and schools. Alpha Recon also presents various reports that provide granular information about a person, entity or threat group, using the company’s blend of AI-powered data analytics and experienced intel operatives.
