We help you by providing quality 3rd party risk management services including cost efficient portfolio validation.
AR SCAN™: A Complete Risk Assessment of Your Entire Originator Portfolio
AR SCAN™ analyzes your entire portfolio of originators and validates their identity, providing the NAICS code, associated websites, and checks the originator status with OFAC and FinCEN databases.
Leveraging our proprietary algorithms, called ARGONOMICS™, AR SCAN™ automatically assigns risk classifications (Low, Moderate or High) to each scanned originator and flags those who violate OFAC, are a Money Service Business, or are in a black-listed NAICS industry.
Banks and Originators will often use AR SCAN™ to enhance the risk assessments for ACH audits as well as providing more in-depth information for internal reviews.
Benefits accrue exponentially to your organization as AR SCAN™ was designed to make the process of credit risk compliance and best practices as seamless and painless as possible.
BENEFITS
HOW IT WORKS
Securely upload originator’s name & address information to Argos Risk®. We take it from there and process the companies through our Argonomics™ algorithms and deliver the information listed on the right.
IDENTIFY THE RISK PROFILE FOR EACH ORIGINATOR IN YOUR PORTFOLIO
We present the results of scans via an online dashboard with the ability to download the information into a pdf or excel format.
information delivered
- originator risk classification
- NAICS code
- NAICS description
- black-listed NAICS codes
- website url(s)
- status of msb check
- status of ofac check
- registered address