Digital compliance provider SmartSearch has added a new ‘risk assessment’ solution to its recently enhanced platform.

To prevent inconsistency when assessing subject risk, the service will significantly reduce the amount of time it takes to collect information, evidence compliance and ensure better decision-making, SmartSearch claims.

Customisable to suit each user’s needs a risk assessment questionnaire is sent to search subjects to complete, with the responses automatically collected and the results collated, enabling the user to determine the risk profile of a subject at-a-glance.

Results appear as a search in the subject record, keeping everything in one place. The system also allows for multiple questionnaires at different parts of the process, including follow-up questions if more information is needed.

Martin Cheek (pictured), SmartSearch managing director, said: “Clients in all regulated sectors need to assess risk as part of their compliance obligations. We were particularly keen to help our clients standardise their processes and evidence compliance in line with their own business model and risk appetites.

“The new risk assessment solution is the latest enhancement to our platform and one that we are sure will save considerable time and take the guess work out of this important step in the verification process. This addition brings even more of our customers’ compliance journey onto one easy to access platform.”