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Risk Proof

Risk Proof

Overview

What is Risk Proof?

Risk Proof, a PwC Product, aims to enable organizations to act quicker to stay on top of the ever-changing world of financial risk. It streamlines risk assessments into a single platform, in order to make the entire process visual, interactive,…

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Learn from top reviewers

Risk Proof by PwC

Rating: 8 out of 10
November 23, 2021
IncentivizedVetted ReviewVerified User
Data-based reporting for previously flagged clients, suppliers, vendors, and collaborators eliminates the risk of getting into potential frauds or crimes like tax evasion, mon...
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Verified user
Consultant
Risk Proof1 year of experience
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Pricing

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Risk Proof

Risk Proof

N/A
Unavailable

What is Risk Proof?

Risk Proof, a PwC Product, aims to enable organizations to act quicker to stay on top of the ever-changing world of financial risk. It streamlines risk assessments into a single platform, in order to make the entire process visual, interactive, trackable and actionable. The vendor states users will…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

What is Risk Proof?

Risk Proof, a Digital Crime Fighters Product, consolidates the disparate parts of an assessment into one place - making the process visual, interactive, trackable and actionable from set-up through analysis. So you can see how threats connect to each other and your business. And how your controls impact it all.

Risk Proof Screenshots

Screenshot of Prevent tomorrow’s threats today

Risk Proof Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(1)

Reviews

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Risk Proof by PwC

Rating: 8 out of 10
Incentivized
November 23, 2021
Verified User
Vetted Review
Verified User
Risk Proof
1 year of experience
Use Cases and Deployment Scope
Data-based reporting for previously flagged clients, suppliers, vendors, and collaborators eliminates the risk of getting into potential frauds or crimes like tax evasion, money laundering, and many other unethical or illegal practices.
Pros and Cons
  • Data based visualization
  • Open source for data gathering
  • Thorough risk assessment
Likelihood to Recommend
Risk proof is well suited for quickly finding out potential money laundering [clients] and how much risk would it pose to get into a deal with the client. Risk proof is less suited around some ethical practice assessment of an organization. Such a scenario needs more manual intervention rather than tool assessment.
Most Important Features
  • Reporting
  • Dashboard
  • Open source
Return on Investment
  • Helped determining risks for ongoing deals
  • Helped in Decision making process in board meetings
  • Negative: Added some cost to the project
Alternatives Considered
It was the tool used in the organization for risk assessment of any potential leads and deals. Before the tool, we used to analyze any risks using manual effort and approach which used to take a lot more man-hours and less reliable quantitative analysis for similar kinds of deals and scenarios.
Other Software Used
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