NEW YORK, LONDON and SINGAPORE, June 16, 2020 /PRNewswire-PRWeb/ -- ComplyAdvantage, a global technology company transforming how institutions manage their financial crime risk and compliance, has today been named a Technology Pioneer by the World Economic Forum.
Founded in 2014, ComplyAdvantage has rapidly made its mark on the compliance industry globally in combating money laundering and terrorism financing. The company applies proprietary algorithms and ontology to data sets using data science and machine learning in the development of the first global, connected database to tackle financial crime.
The World Economic Forum's annual list is a selection of companies involved in the design, development and deployment of new technologies and innovation, and that are poised to have a significant impact on business and society. Previous recipients include Airbnb, Google, Palantir Technologies, TransferWise, Twitter and Wikimedia. ComplyAdvantage is one of only two regtech firms awarded this year.
"We're honored to be acknowledged as a Pioneer by the World Economic Forum," said ComplyAdvantage Founder and CEO Charles Delingpole. "There is an estimated $2 trillion laundered globally every year. With criminals always being one step ahead, it is this money that facilitates activities like human trafficking and terrorism. Recognition from the Forum this year is confirmation our advanced technology is helping financial institutions put a stop to this financial crime."
"The strategic focus of the Forum is promoting innovation as a way of tackling some of the most critical issues facing society as well as being a driving force for future economic growth. We look forward to contributing to the Forum dialogues on the financial crime challenge," said Delingpole.
"We're excited to welcome ComplyAdvantage to our 20th cohort of Technology Pioneers," says Susan Nesbitt, Head of the Global Innovators Community, World Economic Forum. "ComplyAdvantage and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world."
Following the company's selection, CEO Charles Delingpole will participate at World Economic Forum activities, events and discussions throughout the year. ComplyAdvantage will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.
The full list of Technology Pioneers 2020 can be found here.
About ComplyAdvantage (https://complyadvantage.com)
It is estimated that trillions of dollars are laundered annually funding financial crime and yet less than three percent is ever discovered. ComplyAdvantage's vision is to take on and neutralize the risk of money laundering, terrorist financing, corruption and all other global financial crimes by providing the world's only dynamic global risk database of people and companies. Powering a suite of configurable cloud services, ComplyAdvantage integrates seamlessly to help automate and reduce the frustration of complying with Sanctions, AML, and CFT regulations. Founded in 2014, ComplyAdvantage works with over 500 enterprise clients across 75 countries. Backed by Index Ventures and Balderton Capital, ComplyAdvantage has four global hubs in London, New York, Cluj-Napoca and Singapore.
About World Economic Forum: (https://www.weforum.org/)
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agenda. More information about this year's Technology Pioneers can be found here.
More information on past winners, information on the community and the application link can be found here.
For additional information please contact:
Media contacts:
ComplyAdvantage press team: [email protected]
New York
Lila Ritger
+1 (646) 844 0841
London
Sally Morris
+44 20 7834 0252
Singapore
Jordan Krogh
+65 9456 4679
SOURCE ComplyAdvantage
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