RegTech100 company Sigma Ratings launches new Risk API

RegTech100 company Sigma Ratings has released a new Risk API tool which offers improved and quicker workflows.

The new feature, which was designed in a combined effort of the engineering team and expert analysts, offers programmatic access to Sigma’s proprietary risk score, risk category, and underlying data on over 60 risk indicators in a single API call.

In under an hour, customers can integrate the API into their internal environment and integrate Sigma data directly into existing systems. The output results are easy to manage and have full documentation.

The API also boasts quick response times, with an average bellow 400 milliseconds for a simple single entry search and below four seconds for broader, second-level screening.

By implementing this technology, clients can programmatically score and categorise entities in their reviews, from onboarding to transaction monitoring cases, to antiquated workflows and better distribute case review workloads to staff.

Furthermore, users can pre-populate case management tools with programmatically sourced commonly screened data to accelerate dispositioning and decision making.

The company has a number of other developments in the pipeline, including additional filtering parameters, news and event log endpoints and faster response times.

Sigma recently closed a funding round from Finch Group, FinTech Collective, Contour Ventures and Barclays.

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