Independent Verification and Validation (IVV) / Model Validation
ARC Risk And Compliance
Model Validation, Indepedent Verification and Validation
An IVV, as we like to call it, in short is a system review and written report for your financial
institution on your AML compliance software. Our analysis will provide an in-depth end-to-
end view of your system, and identify what is being used correctly, what isn’t and what
we recommend to remediate it.
But we review more than just your system parameters like most; we review the data and
make specific recommendations that you can implement. We identify any areas of the
product that maybe technically correct, but not commonly used in the same manner as
your peers. Finally, we produce a comprehensive report documenting all of our
observations, findings and recommendations.
We have experts that know many of the systems in the industry: Actimize, Acuity, Amlock,
Bridger, eGIFTS, Fircosoft, Norkom/Detica, Mantis, Patriot Officer, Prime Compliance Suite,
SAS, Sentinel, Surety, Verafin, and more.
Indepedent Verification and Validation
, Model Validation