ComplyAdvantage named ‘Technology Pioneer’ by the World Economic Forum
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 honoured 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.
