Watching the sunrise from the top of the 30 St Mary Axe, better known as ‘the Gherkin’, Ripjar welcomed more than 60 distinguished guests from around the City of London to celebrate the UK launch
last year of our signature financial crime solution that uses advanced AI to monitor the risks of millions of clients in real-time.
The theme of the event, the ‘Global Illumination’ of Financial Crime, which costs the world’s economy up to $2TN per year, and effects the lives of millions both directly and indirectly whether through corruption, bribery, and fraud. Ripjar’s data intelligence platform – Labyrinth – gives analysts the power to automatically illuminate unknown risks and identify hidden links in data in order to prevent money laundering and other financial crimes.
Sir Iain Lobban, former Director of the UK’s signals intelligence agency GCHQ provided the keynote address at the event, drawing parallels from history from the code breaking efforts at Bletchley Park to the modern day challenge of countering global terrorist networks.
The exclusive breakfast briefing covered the development of our data intelligence technology, which combines data fusion, machine learning, visualisation and automation to give organisations the ability to tackle complex and dynamic challenges such as money laundering, terrorism and cybercrime.
We’ve focused on building a platform that can scale to the size of the problem, and the organisations that are at the forefront in countering these types of risks. For example, our client screening capability can screen millions of clients for risks across any data source, whether unstructured news or watchlist data about PEPs and sanctions.
Our technology also includes breakthroughs in name matching against client records. Our machine learning algorithms use secondary characteristics in addition to just names, including variants, abbreviations, dates, places, titles, nationalities, relationships – all of which can all help to resolve identities across siloed datasets and narrow down matches to detect real risk much more quickly than a human could.
To celebrate the London launch, we also commissioned a special bottle of gin, hand-made by the wonderfully talented London-based distillers 58 Gin.
Adorned with one of our favorite Churchill quotes, the bottles were warmly received in preparation for the long hot summer ahead.
“The gin and tonic has saved more Englishmen’s lives, and minds, than all the doctors in the Empire”Winston Churchill (1874-1965)
We’re truly excited about sharing our journey with you as we develop our technology and help thwart criminal activities all over the world. Please get in touch at the email address below if you’d like to know more about our unique technology and find out how we can help your institution to counter financial crime.