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IHS Markit (NYSE: INFO), a world leader in critical information,
analytics and solutions, and Complidata, a data driven AML
innovation company, have announced a partnership to offer customers
in the trade finance space a series of risk and compliance datasets
that will enhance financial crime due diligence frameworks and
assist in the digitisation of the overall trade compliance
workflow.
IHS Markit has a 300-year history within the maritime and trade
sector, managing content sets across the shipping, port, cargo, and
trading sectors. The in-depth and broad scope of unique datasets
managed by IHS Markit goes beyond simple watch-list screening to
provide organisations with the ability to identify corporate
networks, suspicious vessel activity, export-controlled goods, and
unit prices across the full HS code spectrum. IHS Markit's
trade-based money laundering datasets, including thousands of
dual-use goods that do not appear on catch-all control lists and
the capture of over and under-invoicing price discrepancies will be
available to Complidata customers, as will IHS Markit's maritime
movement and compliance datasets.
Guy Sear, VP Risk and Compliance, IHS Markit
"Advisories, guidelines and regulation across trade are on the
rise, requiring practitioners to understand all aspects of a
transaction and to identify its risk. The integration of IHS
Markit's maritime and trade datasets into the Complidata trade
finance platform will provide customers with big data and
artificial intelligence solutions to reduce time-consuming false
positives, optimise and digitise business operations and manage
risk in a more timely and efficient manner."
Jesper Grosen, CEO of Complidata "Adding IHS
Markit to the Complidata platform is an important component in the
trade finance digitisation and compliance ecosystem. The increasing
emphasis on regulation, compliance and security, means IHS Markit
and Complidata offer a very valuable piece of the puzzle."
About Complidata
Headquartered in Brussels, Complidata develops A.I. driven process
automation solutions for financial institutions. The key solutions
include: Trade Finance Risk Monitoring, AML Optimisation and
Corporate KYC Automation. The solutions are built with deep domain
expertise gathered from over 20 years of hands-on regulatory,
operational, and technical experience. The founding partners and
leaders at Complidata have designed and managed a wide range of
medium to large scale AML initiatives globally.
About IHS Markit
IHS Markit (NYSE: INFO) is a world leader in critical information,
analytics and solutions for the major industries and markets that
drive economies worldwide. The company delivers next-generation
information, analytics and solutions to customers in business,
finance and government, improving their operational efficiency and
providing deep insights that lead to well-informed, confident
decisions. IHS Markit has more than 50,000 business and government
customers, including 80 percent of the Fortune Global 500 and the
world's leading financial institutions. Headquartered in London,
IHS Markit is committed to sustainable, profitable growth.
