Alternative Data > Best Data Analysis Tool
Asurity Technologies delivers compliance focused solutions to the banking and mortgage lending industries. Asurity’s data analytics platform, RiskExec, helps to automate HMDA, CRA, redlining, and fair lending processes in addition to visualizing lending data through the use of mapping and geocoding functionality. This technology was created by RiskExec’s President, Dr. Anurag Agarwal, a recognized expert in Fair Lending, Redlining, HMDA, CRA, Peer Analysis, and more. Most recently, Asurity integrated the 2018 HMDA Peer Data and 2019 Census Files into RiskExec in a matter of days after the data was publicly released.
RiskExec continues to strive for excellence and innovation each year by expanding and enhancing its platform. In the past six months, RiskExec has released revised mapping capabilities as well as a goals tracking module. The new mapping module allows users to quickly create maps of their strategic markets while overlaying their customers, applications, and branches in a matter of seconds. This allows clients to look for areas of opportunity for additional business development and/or CRA credit. RiskExec’s goals module allows institutions to track their year-to-date performance against their internal goals to ensure they are on target. RiskExec’s unique redlining module condenses the analysis process from weeks into hours. Because RiskExec is Software as a Service (SaaS), the platform can be provisioned for new customers within a few hours. RiskExec is also updated within 48 hours of the public release of regulations or adjustments to government data.
RiskExec has experienced significant growth in the past two years which includes expanding to over 52 clients, 500 active users, and serving ten of the nation’s top 30 lender institutions, based on asset size and national originations. Demand remains strong for a simple SaaS-based CRA/HMDA/Fair Lending solution that is easy to use and provides actionable intelligence for its customers.