Why us?
We partner with businesses to ensure you have access to the right solution for every stage of the client lifecycle. Businesses focused on achieving effectiveness, sustainability and quality will benefit from our decades of global Anti-Financial Crime execution experience.
What’s not working? We believe it is a combination of things including poor design, lack of access to data and the lack of the right 'human infrastructure' critical to foster trust in data owners.
Financial crime costs lives.
Human trafficking
Environmental crimes
Fraud
Drug trafficking
Financial crime destroys commerce and livelihoods.
Over $50 billion in fines paid over the last decade
Access to economic opportunities delayed by weeks and months
In-flight transactions impacted by poor design and controls
Aggregate lost annual turnover estimated to be over $1 trillion
Financial crime erodes trust.
People everywhere are seeking out businesses that do good and as people start to connect the dots between financial crime and the underlying crimes it fuels, they are demanding and will increasingly demand action. How the industry acts in the fight against financial crime is critical in this regard. Trust is earned and earns a premium.
Crime and commerce evolve continuously and so must our response.
Who is responsible for fighting financial crime?
Everyone
Who is paying a premium for little positive impact?
Everyone
The Advice Vs. Execution imbalance
Great advice does not automatically translate into great execution. Whilst businesses generally have access to great advice the same is not true for execution. Anti-financial crime is a complex challenge and needs an ecosystem that combines technology and the analytical capabilities needed to help businesses make the right risk-based calls.
Poor data availability and quality
An effective program to fight financial crime relies on data but businesses are faced with both the lack of availability and poor quality data. Whilst an entire industry of data providers and aggregators have emerged to serve businesses who need data, the true owner of the data i.e., the client remains disengaged. Lack of and poor quality data also impacts ROI, client experience and effectiveness.
Lack of the right 'human infrastructure'
Even transformational technology relies on the right 'human infrastructure'. To achieve the desired outcomes businesses and clients must have access to skilled professionals with 'verifiable credentials'.
