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New IT Partnership

18/08/2022

We are happy to announce that AQRisk Technologies has been accepted into the Microsoft For Startups Programme. The program entails closer cooperation with Microsoft and launching AQRisk solutions via Azure.

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Business Excellence Award

26/05/2022

The results of the 2nd annual Scandinavian Business Awards have been determined and on behalf of EU Business News. We are proud to announce that AQRisk has been awarded:

  • FinTech Innovators of the Year 2022
  • Excellence Award in Banking Optimization 2022

The selection process:
EU Business News has once again endeavoured to ensure that only the most worthy are recognised. Nominees were judged on their merits with assessment centred around an extensive evaluation of skills and services on offer. Final judgement was cast following a review of expertise within a given field/specialism, dedication to customer service and an ongoing commitment to excellence and innovation.
This approach has brought us much commendation during its use and allows our team to identify only the most outstanding and innovative Scandinavian companies.

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Partnership expansion

15/03/2022

We are very happy to announce that Vestjysk Bank and AQRisk expand its fintech partnership.

AQRisk has been working closely with Vestjysk Bank since 2021 - in supporting effective operational risk management with the AQOpRisk application - and now expand the cooperation greatly, by providing the fintech application AQClients360 for optimizing core banking, pricing and profitable growth.

Morten Virenfeldt, CEO at AQRisk comments: “We are looking very much forward to working even closer with Vestjysk Bank. They rank among the very best in performance in Denmark, and we are proud that they now migrate from an internal framework to the AQRisk platform for pricing and core business optimization”.

AQRisk will provide Vestjysk Bank with support in optimizing core banking across many areas and provide value-creation with deep new business insights, higher profitability, reduction in potential credit loss, resource optimization, better utilization of client potentials, full documentation and stronger standing with the regulatory authorities.

On the collaboration, Concept Director, Per Skaaning, comments: "We have had a close and good working relationship with AQRisk concerning operational risk management since mid-2021, and now extend the collaboration to include our pricing models. Among other things, we are looking forward to a better data overview in the reporting. We expect that the solutions from AQRisk will provide us with a stronger basis for decision-making when we need to work with business optimization in a broad sense."

Vestjysk Bank is a full-service bank that advises private and corporate customers locally and regionally via 30 branch offices in Jutland. It ranks among the 10 largest banks in Denmark.

Visit Vestjysk Bank.

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Media announcement

21/02/2022

The addition of our new investors was featured in the online media COMPUTERWORLD.

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Media announcement

18/02/2022

The addition of our new investors was featured in the online media FinansWatch.

read article.

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Company announcement

16/02/2022

We are very pleased to announce that Klaus Holse, Peter Colsted and Georg Hetrodt have joined AQRisk, as investors and as our newly founded advisory board.

The new investors bring tremendous international experience and know-how from top-tier tech companies like SimCorp and Microsoft and they will be instrumental in helping AQRisk scale internationally.

We have been looking to attract very strong profiles with the right mix of experiences and competencies, who can help take AQRisk to the next stages. With Klaus, Peter and Georg on board, we are starting the next steps on our exciting journey - grow the organization, scale the business and keep expanding our strong solution-suite to continue supporting banks in boosting effective core banking.

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Media announcement

22/10/2021

The recent partnership with Vestjysk Bank was featured in the Danish online media FinansWatch.

read article.

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Partnership expansion

29/09/2021

It is with great joy that we can announce expansion in our cooperation with Danske Andelskassers Bank A/S (DAB). AQRisk has worked closely with DAB since the beginning of 2020 and now deepen the cooperation greatly.

The new cooperation extends into supporting financial advisors, staff specialists and management with optimizing client assessments, pricing, profitability reporting and much more.

On the new cooperation Karsten Kibsgaard, Department Director at DAB comments: “We have for some time had a great cooperation with AQRisk and we now expand it significantly. Going forward AQRisk will provide fintech solutions to support our private and corporate advisors, staff specialists and management across areas that will enhance profitability, analytical capabilities and further advance our utilization of data and analyses for optimizing the business. We have great expectations to the cooperation.”

We look forward to providing new analytical support for optimizing decision-making across the business and welcoming many employees onto the platforms

Visit Danske Andelskassers Bank here.

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Media announcement

08/09/2021

The Copenhagen Fintech Magazine 2021 is out! Sixty pages filled with knowledge sharing and inspiring articles from the Danish and Nordic fintech scene.

AQRisk participate with an article telling about our company start-up motivations, our progress, solutions, customers and what we have planned for the future. You can read it here.

You can get a free copy of the entire magazine here.

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Partnership expansion

01/09/2021

Sparekassen Danmark is the result of the merger between Sparekassen Vendsyssel and Jutlander Bank. Sparekassen Danmark is the 8th largest bank in Denmark with 300.000 customers and 1.200 employees.

We are happy to announce that AQRisk continue its close partnership with Sparekassen Vendsyssel - now in the form of Sparekassen Danmark and including many new employees from Jutlander Bank.

By tapping into the AQRisk analytics platforms Sparekassen Danmark enhances its utilization of data, advanced analytics, automation and state-of-the art business intelligence reporting.

Visit Sparekassen Danmark here.

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New bank partnership

01/07/2021

We are super happy to share that Vestjysk Bank and AQRisk have started a fintech partnership.

Vestjysk Bank is a full-service bank that advises private and corporate customers locally and regionally via 30 branch offices in Jutland. It ranks among the 10 largest banks in Denmark.

AQRisk has provided Vestjysk Bank with the fintech application AQOpRisk, which supports optimizing operational (including IT) risk management very effectively with few resources required.

Operational risk is typically the second largest (to credit) risk exposure in banks and managing operational risks professionally requires solving complex and very diverse tasks. The AQOpRisk application helps solve and optimize these tasks as an innovative consolidated operational risk platform - all fully integrated within Vestjysk Bank’s datacenter – BEC Financial Technologies.

On the new cooperation Tue Brink, Head of Middle Office at Vestjysk Bank comments: "At Vestjysk Bank, we focus on ensuring insights into and knowledge of the bank's operational risks. With AQOpRisk, our employees can now easily and quickly report incidents and follow the approval process. In Middle Office, we can easily validate, manage and report the incidents. In collaboration with AQRisk, the entire process has now become 100% digital, which strengthens the processing of incidents and ensures easy access to documentation. The application also supports our self-assessment of risks and controls, including identification and management of major potential events, overall assessment of capital requirements for our operational risks, as well as comprehensive and flexible risk and regulatory reporting. It has been important to us that everything is fully integrated with our datacenter, which is why our collaboration with AQRisk is within the framework of BEC Financial Technologies."

Visit Vestjysk Bank.

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Solution announcement

18/02/2021

Going global means going multilingual!

In 2021 AQRisk will expand internationally which means supporting a wide array of languages.

The AQRisk solution suite has now been extended to support all major and Nordic languages. That means individual users can now select (and change) the preferred language dynamically on-the-fly across the AQRisk solution suite.

So financial institutions with offices across countries/languages or simply employees with different native tongues can now use AQRisk fintech solutions in their preferred language.

The number of languages supported will increase going forward.

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New bank partnership

05/11/2020

We are thrilled to announce that AQRisk enters into partnership with Sparekassen Vendsyssel.

Sparekassen Vendsyssel is a very successful danish financial institution with 43 branch offices. Vendsyssel rank among the 10 largest retail banks in Denmark.

By tapping into the AQRisk analytics platforms Vendsyssel will enhance utilization of data, advanced analytics, automation and state-of-the art business intelligence reporting.

Sparekassen Vendsyssel Board of Management comment on the new partnership: “We look forward to working with AQRisk - it will enhance our foundation for decision-making with data-driven high-end solutions. The solutions will provide stronger support to our employees, so they can strengthen cooperation with our customers even more and we can optimize the business via deeper insights”

Visit Sparekassen Vendsyssel here.

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New bank partnership

07/09/2020

We are thrilled and proud to share with you that AQRisk and Arbejdernes Landsbank (AL) have entered into partnership.

AQRisk will provide advanced fintech solutions to support enhanced decision-making to a large number of employees, including financial advisors, staff specialists and Management.

Deputy Director and CFO Frank Mortensen from Arbejdernes Landsbank comments: “In AL, we have high expectations for the collaboration with AQRisk. We have for a long time analyzed and discussed how we in the bank should improve profitability and the choice has ended at AQRisk. We have high expectations of being able to strengthen the bank's competencies and abilities in relation to monitoring, analyzing and improving the bank's general profitability.
In AL, we have chosen to implement AQClients360 in several phases, where the focus is first on making a pricing tool available to Business Advisers to support the bank's strategic investment in the business area. The next phase is that we will use AQClients360 to monitor and analyze the profitability of the bank's entire customer portfolio.”

Arbejdernes Landsbank is the 5th largest Danish bank and the new cooperation is an important next step in the expansion of AQRisk and will help pivot our solutions to larger financial institutions.

Visit Arbejdernes Landsbank here.

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New bank partnership

04/09/2020

We are very pleased to announce partnership with Merkur Andelskasse. Merkur is a Danish - value-based - financial institution, which has been on the frontier of the sustainability agenda since its beginning in 1982. It is part of the Global Alliance for Banking on Values (GABV), which includes more than 50 value-based financial institutions world wide.

Merkur CFO Alex Andersen comments on the new partnership: “Merkur Cooperative bank is the largest sustainable bank in Denmark. Sustainability also has a financial aspect hence we have partnered up with AQRisk. With the fintech solution AQClients360 we get a system that support and enhance our internal processes and thereby contribute ensuring sustainable products and services to our customers.”

We are excited about supporting Merkur in its agenda and effective retail banking. AQRisk will provide fintech for analytical decision-support to a wide range of employees, including financial advisors, staff and management.

Visit Merkur Andelskasse here.

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Media announcement

29/05/2020

The recent partnership with Sparekassen Thy was featured in the Danish online media FinansWatch.

read article.

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New bank partnership

18/05/2020

We are very pleased to announce that Sparekassen Thy partners with AQRisk.

Sparekassen Thy is a full service Danish financial institution founded in 1876 and based in Thisted with 15 branch offices across Jutland and 47.000 customers. Sparekassen Thy is a private company.

Sparekassen Thy will going forward be applying several AQRisk applications that will support 70-90% of employees with decision and analytical support. Financial advisors will be supported in assessing clients optimally and various staff departments as well as Management will be supported with profitability assessments and reporting, as well as a wide range credit and capital related issues.

Visit Sparekassen Thy here.

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New bank partnership

02/03/2020

We are very pleased to announce that Salling Bank partners with AQRisk.

Salling Bank is a full service Danish financial institution founded in 1876 and based in Skive with 3 branch offices across Jutland. Salling Bank is a publicly traded company (SALB) at Nasdaq Copenhagen.

Salling Bank will going forward be applying several AQRisk applications that will support 70-90% of employees with decision and analytical support. Financial advisors will be supported in assessing clients optimally and various staff departments as well as Management will be supported with profitability assessments and reporting, as well as a wide range credit and capital related matters.

Visit Salling Bank here.

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Company announcement

01/03/2020

We are excited to announce that AQRisk has joined the Copenhagen Fintech Lab.

As part of the Copenhagen Fintech Lab, AQRisk joins about 50 other fintech start-ups in an innovative environment that will help advance and shape the future of financial technology. It furthermore opens network opportunities with new corporate partnerships as well as potential investors.

With the 2021 ambition of scaling internationally - AQRisk will be part of the global scale program at Copenhagen Fintech.

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New bank partnership

15/01/2020

We are very pleased to announce that Danske Andelskassers Bank partners with AQRisk.

Danske Andelskassers Bank is a full service - top 20 - Danish financial institution founded in 1969 and based in Tjele with 14 branch offices nationwide. Danske Andelskassers Bank is a publicly traded company (DAB) at Nasdaq Copenhagen.

Danske Andelskassers Bank will going forward be applying several AQRisk applications that will support employees with applications for managing operational risks and profitability assessments and reporting decision and analytical support.

CRO Mette Munk Nielsen comments: ”Danske Andelskassers Bank greatly benefits from the collaboration with AQRisk. We needed a system with functionality to collect, analyze and monitor operational incidents, and the choice was AQRisk for several reasons. The AQOpRisk solution is cutting edge and both setup and reporting can be tailored to our specific needs. AQRisk also offer other system solutions which we have subsequently entered into cooperation on, and even further cooperation is being considered.”

Visit Andelskassen here.

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New bank partnership

03/12/2019

We are very pleased to announce that Frøs Sparekasse partners with AQRisk.

Frøs Sparekasse is a full service midsize Danish financial institution founded in 1872 and based in Rødding with 17 branch offices across Jutland. Frøs Sparekasse is a privately held company.

Frøs Sparekasse will going forward be applying several AQRisk applications that will support 70-90% of employees with decision and analytical support. Financial advisors will be supported in assessing clients optimally and various staff departments as well as Management will be supported with profitability assessments and reporting.

Visit Frøs Sparekasse here.

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New bank partnership

14/09/2018

We are very pleased to announce that Fynske Bank partners with AQRisk.

Fynske Bank is a full service midsize Danish financial institution founded in 1852 and based in Svendborg with 9 branch offices across Fyn and Jutland. Fynske Bank is a publicly traded company (FYNBK) at Nasdaq Copenhagen.

Fynske Bank will going forward be applying several AQRisk applications that will support 70-90% of employees with decision and analytical support. Financial advisors will be supported in assessing clients optimally and various staff departments as well as Management will be supported with profitability assessments and reporting.

Visit Fynske Bank here.

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New bank partnership

30/06/2018

We are very pleased to announce that Nordfyns Bank partners with AQRisk.

Nordfyns Bank is a full service midsize Danish financial institution founded in 1897 and based in Odense with 7 branch offices across Fyn. Nordfyns Bank is a publicly traded company (NRDF) at Nasdaq Copenhagen.

Nordfyns Bank will going forward be applying several AQRisk applications that will support 70-90% of employees with decision and analytical support. Financial advisors will be supported in assessing clients optimally and various staff departments as well as Management will be supported with profitability assessments and reporting.

Visit Nordfyns Bank here

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