What is ORBS? Transforming supervision through digital risk management
What is ORBS?
As the landscape of financial supervision evolves, regulatory authorities and supervisors are increasingly seeking digital tools that enable smarter, faster and more sustainable oversight. Enter ORBS – Online Risk Based Systems – a cutting-edge solution from AMLA® designed to transform supervisory risk management into a fully digital, sustainable model.
At the Central Banking Awards 2024, ORBS received the award for Best Risk Management Initiative – a recognition we’re especially proud of, as it highlights the extensive work AMLA® have carried out in partnership with the likes of Jamaica.
Introducing ORBS
Developed by AMLA®, ORBS delivers a transformational infrastructure upgrade for regulators around the globe. It enhances how regulatory bodies assess risk, monitor compliance, and communicate with reporting entities.
By digitalising the entire risk assessment process, ORBS allows supervisors to move beyond traditional manual methods, replacing them with an automated, cloud-based solution that streamlines workflows and boosts efficiency.
Transforming risk management capabilities
ORBS revolutionises the way supervisors manage and visualise risk. Its core functionalities include:
- Digitalisation of records – eliminating manual processes and paper-based systems.
- Automation of data gathering and risk scoring – enabling faster and more accurate assessments.
- Streamlined communication – facilitating direct engagement with entities through a digital platform.
- Real-time dashboards – visualising risk levels across sectors and entities in an interactive, intuitive way.
Through these features, supervisors gain greater operational efficiency, transparency, and insight into the AML/CFT risk landscape.
The ORBS implementation approach
As a cloud-hosted solution, ORBS is straightforward to implement and includes:
- Designing the risk assessment methodology
- Configuring system parameters
- Conducting outreach design
Providing comprehensive system training - Executing the first sectoral risk assessment
AMLA® offers full project management and configuration support, ensuring seamless cooperation with supervisors throughout the implementation process.
Risk assessment execution
Once implemented, ORBS facilitates the automated collection, scoring and visualisation of data. Supervisors can issue offsite questionnaires to entities, track progress in real time and communicate directly within the system.
The ORBS Risk Matrix displays risk levels across sectors and for individual entities, with underlying data available for deeper investigation. This makes ORBS a powerful tool for both ongoing supervision and preparation for audits or regulatory reviews.
Key benefits of ORBS
FATF-aligned AML/CFT risk assessment methodology tailored to sectoral needs
- User-friendly interface for supervisors, administrators, and reporting entities.
- Integration with AMLA®’s ecosystem, including sanction screening reviews and risk assessments.
- Automated outreach and digital record keeping for enhanced transparency.
- Microsoft Azure hosting with industry-standard data security.
Ultimately, ORBS represents the full package delivery of AMLA®’s sustainable supervision model, bringing together automation, digitalisation and intelligent risk analytics for a more resilient regulatory environment.
A new era of sustainable supervision
ORBS is not just a tool, it’s a vision for the future of supervision. By combining advanced analytics, automation, and real-time risk management, it empowers supervisors to deliver effective, data-driven oversight in an increasingly complex financial world.