The inaugural FinCrimeTech50 has named the technology companies who are redefining the anti-financial crime industry in 2024.
Launched by specialist research company FinTech Global, the new list identifies the industry’s great innovators who are leading the fight against money laundering, fraud and financial crime in financial services, amidst a rising tide of challenges for compliance teams.
The current geopolitical and economic landscape has intensified this issue, particularly with the widespread adoption of artificial intelligence (AI) by both criminals and professionals. Rapid updates to PEPs and sanctions lists, along with the complexity introduced by the adoption of real-time payments, have further compounded the difficulties faced by compliance teams.
A distinguished panel of analysts and industry experts meticulously selected the finalists. Tasked with reviewing a list of over 400 nominated enterprises, the judges received detailed information on each business from FinTech Global to assist them in reaching a decision.
FinTech Global director Richard Sachar said, “As global financial crime trends continue to rise, compliance teams face growing datasets that outpace traditional tools. Given this pressure financial institutions are increasingly turning to AI to improve their fraud prevention, biometrics, risk management tools, process automation, and data analytics.
“The FinCrimeTech50 list will help senior compliance professionals filter through all the solution providers in the market by highlighting the tech leaders in the industry who can help financial institutions stay ahead of fraudsters and criminals in 2024 and beyond.”
The newly-created list includes a host of world-leading businesses who are making them mark in the anti-financial crime sector.
To read the read the full press release, click here.
A complete list of the FinCrimeTech50 and further information about each company is available to download for free at www.FinCrimeTech50.com.
