ComplyAdvantage, a leading fraud and financial crime detection firm, has appointed Jim Anning as its Chief Data Officer, a newly created role that reflects the company's emphasis on data innovation and insights. Anning's appointment is part of ComplyAdvantage's commitment to anti-money laundering and countering financial terrorism services, and his role on the Executive Leadership Team underscores the importance of quality and comprehensive insights to the company's mission and products.
CEO Vatsa Narasimha says that investing in data and data scientists is essential to further advancing the financial crime risk detection technology that underpins the service the company provides its clients. He adds that the compliance landscape is becoming more complex as sanctions lists are updated and bad actors try to evade the authorities.
Anning, who has decades of experience across payments and consumer tech, joins ComplyAdvantage from GoCardless, where he led the creation of the firm's data capabilities and organization that underpin its payment intelligence products. He was previously Head of Data and Analytics at Hive for more than four years during the company's growth and expansion.
Anning notes that up-to-the-minute information is at the core of the fight against money laundering and other forms of financial crime, and the company is using data science and smart technology to identify patterns of transactions and connections between people and criminal enterprises. He says that delivering this intelligence to clients requires a rich seam of relevant raw data and deep data skills across the company, and he is excited to be a part of the team.
According to 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. Anning says that efficient and accurate data analysis is vital for effective AML/CFT programs, especially as global financial crime trends continue to rise and compliance teams face growing datasets that outpace traditional tools even while budgetary and staffing pressures increase.
ComplyAdvantage is the financial industry's leading source of AI-driven financial crime risk data and fraud detection technology. 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 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.