/

Unleash the Power of Data: Startups Join Forces to Combat Financial Crime!

New Alliance Aims to Strengthen Anti-Money Laundering Efforts and Promote Digital Transformation

1 min read

A Pioneering Collaboration: The DT4C Alliance

The formation of the Data and Technology for Compliance (DT4C) Alliance marks a significant milestone in the ongoing battle against financial crime. Founding members, including Encompass Corporation, Dow Jones Risk & Compliance, Dun and Bradstreet, Moody’s Analytics, and RELX, have come together to pool their expertise and resources, creating a powerful force for good in the technology and data sectors.

Combating Financial Crime with KYC and AML

Dr Henry Balani, Global Head of Industry and Regulatory Affairs at Encompass Corporation, has been appointed to represent the company in the Alliance. With 30 years of experience in the technology industry and a focus on regulatory compliance issues, Dr Balani brings extensive knowledge to the table, particularly in the areas of Know Your Customer (KYC) and Anti-Money Laundering (AML) policies.

Strengthening the AML Ecosystem

The primary aim of the DT4C Alliance is to present a unified voice in the fight against financial crime, working together to strengthen the AML ecosystem and better manage and mitigate the risks facing banks and other Obliged Entities. By joining forces and collaborating on data and technology solutions, the Alliance aims to create a future-proof AML framework that meets the needs of EU law makers and helps to achieve their digital and green agendas.

Promoting Digital Transformation

As a founding member of the DT4C Alliance, Encompass Corporation will act as a leader for technology providers, playing a critical role in informing key policies that protect banks and Obliged Entities from financial crime. Dr Balani has expressed his commitment to leading banks and financial institutions towards digital transformation journeys by promoting the adoption of automation technology to power compliance and operational efficiency.

Read more from UKT News:  Startup Showcase: Security Jobs London - Connecting Employers with Top SIA Security Officers in London

A Trusted Policy Partner

The DT4C Alliance aims to become a trusted policy partner for EU lawmakers, providing valuable insights and recommendations that can help to achieve their digital and green agendas. By working together, the Alliance hopes to make a significant impact on the global fight against financial crime, helping to create a safer and more secure financial ecosystem for all.

Conclusion

The formation of the DT4C Alliance represents a significant step forward in the fight against financial crime, bringing together some of the most innovative and influential players in the technology and data sectors. By working together and sharing expertise, the Alliance hopes to strengthen the AML ecosystem, promote digital transformation, and become a trusted policy partner for EU lawmakers. As the fight against financial crime continues, the DT4C Alliance will play a vital role in shaping the future of compliance and regulation in the financial sector.


Want to supercharge your brand’s visibility within the UK tech industry? Reach startup founders, investors, and C-level executives with sponsored articles on UKT.news. Connect with us and discover how our advertising solutions can propel your brand to new heights. Explore our Sponsored Articles & Partnerships Program here.

Read more from UKT News:  Startup Showcase: Lisa Eldridge - Iconic Make-Up Brand Takes the Beauty Industry by Storm

UKT News

UKT.news is a media platform owned by Unstructured Media, providing the latest news and insights on UK technology and startup scenes. The website offers readers with daily updates on the latest industry developments, as well as featuring exciting startups and advertising opportunities.

Leave a Reply

Your email address will not be published.