At Armilla AI, our goal is to validate AI-powered solutions to ensure their trustworthiness and reliability. We are excited to announce the completion of our independent validation of Accend’s Business Risk Evaluation System, a key component of Accend’s platform for streamlining and automating Know Your Business (KYB) and Know Your Customer (KYC) processes.
With Armilla AI’s Guaranteed warranty, clients can trust that Accend’s Business Risk Evaluation System is both accurate and protected, ensuring reliable performance for real-world business risk assessments.
Accend provides a comprehensive software platform designed to automate KYB/KYC workflows for fintech companies and banks. At the core of Accend’s solution is its Business Risk Evaluation System, which categorizes companies based on custom criteria and rates their business risk. This validation report focuses on the system's risk scoring and industry classification capabilities.
Our assessment revealed that Accend’s Business Risk Evaluation System passed all evaluation areas, achieving high accuracy in risk scoring and classification. The model showed consistent performance across various inputs, with accuracy scores for risk scoring and risk category prediction in the US & EU.
Accend applies strong governance practices, including regular testing, performance monitoring, and secure development. The company is also certified SOC II compliant, further reinforcing the reliability and security of its solutions.
"We needed to include an independent audit of our LLM-based risk assessment as part of a response to an RFP from a large fintech. Armilla AI conducted a comprehensive and efficient assessment, helping us meet this requirement within a tight timeline, and, unlike other third-party auditors, were able to offer a warranty guaranteeing our system KPIs. We’d highly recommend working with them."
Armilla AI’s independent validation confirms that Accend’s Business Risk Evaluation System is both effective and reliable, providing fintech companies and banks with a trustworthy tool for automating risk assessments. With the added protection of Armilla AI’s Guaranteed warranty, clients can be confident in the system’s performance and accuracy.
For more details on model validation and the warranty, visit our page here and contact us.
