Frequently Asked Questions

What is the mission of AQRISK?

Based on more than 20 years' experience from banking and fintech, it was identified that new innovative solutions were required to help banks become much more efficient and profitable.

AQRISK was founded to provide these solutions, by better utilizing data, advanced analytics, and modern technology.

Our mission includes being a primary fintech partner to midsize and smaller financial institutions by allowing them to benefit from access to vital solutions and business optimization at affordable prices and without high costs to quantitative and IT specialists. We help provide a level playing field in utilizing benefits from data.

The mission furthermore includes providing large financial institutions with easy and fast access to innovative new solutions without having to invest massive internal resources in development and maintenance.

We are proud that our customer-base includes both very large and smaller banks.

Which resources is required to implement the solution suite?

The implementation requires resources in the areas such as:

  • Project management
  • IT resources - server capacity and input data for the platform
  • Business resources - setting up the platform in alignment with management wishes

Once the system implementation is in place, testing is typically performed in coordination with the business.

AQRISK is involved in the entire implementation process to make it runs smoothly in line with the project plan.

How long does it take to implement the solution suite?

The implementation speed depends on the size of the Bank. It also depends on the data and IT maturity and whether the bank already is in the mindset of risk-based pricing and using (some kind of) pricing models.

Our recent implementations has takes about 20-30 days effectively, with about 2-4 resources (IT and business) lasting about 2-3 months in calendar time from start to production. So the AQBanking solution suite is implemented very fast and with few resources - we call low-barrier implementation.