Ripjar Wins Financial Crime Product of the Year in Risk Technology Awards 2024

We’re delighted that Labyrinth Screening has been awarded Financial Crime Product of the Year in 2024’s Risk Technology Awards.

Labyrinth Screening’s enhanced features such as AI Risk Profiles, AI Summaries and Compliance Copilot all demonstrated the significant level of AI innovation and expertise which has gone into developing the product. This in turn has a hugely positive impact on improving screening processes for users, making it as quick and accurate as possible to identify financial crime risk within AML screening data.

Reflecting on the win, Ripjar’s Chief Product Officer, Gabriel Hopkins, said “Our goal is to be the benchmark for the best customer and counterparty screening solutions in terms of effectiveness and efficiency, and our latest  innovations enable our customers to realise amazing operational results. We will continue to use technology in exciting and safe ways to advance the state of the art.”

Other Recent Industry Recognition

In addition to this new award win, we’re proud to have received many other pieces of industry recognition this year for our Labyrinth Screening product. This includes a ranking of #16 in the Chartis Financial Crime and Compliance50 (FCC50) 2024 together with winning two innovation awards for LLM Innovation and Explainable AI.

We were also recognised as a Technology Standout in Celent’s Financial Crime Compliance Technology: Watchlist Screening Edition – 2024 XCelent Awards, as well as featuring in the AI FinTech100.

And we were delighted to feature as a Category Leader in Chartis RiskTech quadrants for Name and Transaction Screening Solutions, and Watchlist and Adverse Media Monitoring Solutions. 

Recent Labyrinth Screening Developments

We continue to enhance Labyrinth Screening with new features and innovations. Recent improvements to the platform include advanced locations capability, enhanced support for additional sanctions types, plus the launch of Compliance Copilot earlier this year.

With many more upgrades, new features and enhancements in the pipeline, 2024 remains an exciting year for the ever-evolving product.