ComplyAdvantage appoints new chief data officer
Fraud and financial crime detection specialist ComplyAdvantage has appointed Jim Anning as its chief data officer, as it looks to boost its anti-money laundering and countering financial terrorism (AML/CFT) services.
Anning joins ComplyAdvantage from GoCardless, where he led the creation of the firm’s data capabilities that underpin its payment intelligence products. Prior to that he was head of data and analytics at Hive.
Read more: Fintechs brace for soaring financial crime
“The compliance landscape continues to become more complex as sanctions lists are updated and bad actors try to evade the authorities,” said Vatsa Narasimha, ComplyAdvantage chief executive. “Investing in data and data scientists is key to further advancing the financial crime risk detection technology that underpins the service we provide our clients.
“With his decades of experience across payments and consumer tech, Jim’s appointment marks an important next step on our organization’s data science journey.”
Read more: Finance firms failing to detect criminal “ghosts”
ComplyAdvantage produces AI-driven financial crime risk data and fraud detection technology for the financial industry, including lenders such as European peer-to-peer lending platform Robo.cash.
“Up-to-the-minute information is at the core of the fight against money laundering and other forms of financial crime,” said Anning. “We are using data science and smart technology to identify patterns of transactions and connections between people and criminal enterprises. Delivering this intelligence to our customers requires a rich seam of relevant raw data and deep data skills across the company.”
ComplyAdvantage has hubs in New York, London, Singapore and Cluj-Napoca in Romania, and is backed by Goldman Sachs, Ontario Teachers, Index Ventures and Balderton Capital.
Read more: ComplyAdvantage launches tool to weed out sanctioned customers