ComplyAdvantage, the fraud and financial crime detection firm, named Jim Anning as the company’s Chief Data Officer as part of its commitment to innovation in anti-money laundering / countering financial terrorism (AML/CFT) services.
The newly created role on the Executive Leadership Team “reflects the centrality of quality and comprehensive insights to the company’s mission and products.”
ComplyAdvantage CEO, Vatsa Narasimha said:
“The compliance landscape continues to become more complex as sanctions lists are updated and bad actors try to evade the authorities. 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.”
Anning joins ComplyAdvantage from GoCardless where, “as VP of Data, he led the creation of the firm’s data capabilities and organization that underpin its payment intelligence products.”
Prior to that, he “was Head of Data and Analytics at Hive for more than four years during the company’s growth and expansion.”
Anning stated:
“Up-to-the-minute information is at the core of the fight against money laundering and other forms of financial crime. 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 is doing amazing work in this field and I am excited to be a part of the team.”
As noted in ComplyAdvantage’s State of Financial Crime Report for 2023, data scientists play an essential role “in fighting fraud, money laundering, and other forms of financial crime by making sense of the river of information that flows through the system every day.”
As mentioned in the update:
“Efficient and accurate data analysis is vital for effective AML/CFT programs. As global financial crime trends continue to rise, compliance teams face growing datasets that outpace traditional tools even while budgetary and staffing pressures increase.”
As covered, ComplyAdvantage claims it is “the financial industry’s leading source of AI-driven financial crime risk data and fraud detection technology.”
ComplyAdvantage’s mission is “to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime.”
More than 1000 enterprises in 75 countries rely on ComplyAdvantage “to understand the risk of who they’re doing business with through the world’s only global, real-time database of people and companies.”
The company “identifies thousands of risk events daily from millions of structured and unstructured data points.”
ComplyAdvantage reportedly “has four global hubs in New York, London, Singapore, and Cluj-Napoca and is backed by Goldman Sachs, Ontario Teachers, Index Ventures, and Balderton Capital.”
