The partnership aims to increase RiskScreen users’ ability to identify characteristics that indicate higher risk of financial crime by providing access to Dow Jones’ sanctions, watch list, adverse media and PEP data.
KYC Global Technologies Group is a compliance technology business that builds RegTech solutions designed to manage financial crime risk, including customer screening solution RiskScreen.
In addition to the integration of Dow Jones data , the company has also recently launched ‘batch screening’ capability that enables the automated screening of millions of customer records daily against one of the world’s most extensive datasets.
Stephen Platt (pictured), founder and Chairman, said: “Our technology is better and more cost-effective than the competition and as a result we are winning market share as businesses look to get a better return on the investment they are making in AML compliance. Having a global partnership with Dow Jones Risk & Compliance is a tremendous advance for us and for our customers. We’re delighted to be associated with the leading name in customer screening data.”
Joel Lange, Managing Director of Dow Jones Risk & Compliance, said: “With businesses under more pressure than ever before to focus on compliance, we’re confident that our data offers best-in-class protection against financial crime activities. Working with Dow Jones will give RiskScreen users access to the most comprehensive and accurate data possible so they can meet their regulatory needs.”
KYC Global Technologies is supported by several high net worth individuals including Simon Nixon, founder of MoneySupermarket.com, who said: “The power of RiskScreen’s search is second to none, but as a product it also has a laser focus on cost-effectiveness and superb customer service.”
Commenting on the news, CEO of Digital Jersey, Tony Moretta, said: “We have a clear ambition to establish Jersey as an internationally well-regarded digital centre. Having thriving locally-based businesses like KYC Global Technologies and their RiskScreen solution leading the way in their sector is fantastic news for Jersey and our digital aspirations. It proves locally-owned businesses are consistently punching above their weight and competing internationally. We applaud Stephen and his team for their achievement and partnership with Dow Jones Risk & Compliance.”