Independent Verification and Validation (IVV) / Model Validation

Independent Verification and Validation (IVV) / Model Validation from ARC Risk And Compliance

By: ARC Risk And Compliance  05/05/2015
Keywords: 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.

Keywords: Indepedent Verification and Validation, Model Validation,

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