Continued expansion of global network sharing best practices in financial crime risk management in FinTech industry
November 8, 2018, New York, NY – FINTRAIL Solutions LLC, a world-class financial crime consultancy company serving the North American FinTech and RegTech markets, is proud to announce the launch of the United States chapter of the FinTech FinCrime Exchange (FFE). The FFE, a free members forum already operating in Europe, brings together a network of FinTechs to collaborate on the best practices in financial crime risk management, creating a globally connected community in the fight against financial crime.
“Currently, there is no platform in the United States where financial technology and regulatory technology firms can share information and learn from each other – this new chapter of the FinTech FinCrime Exchange changes that,” said Julie Myers Wood, Guidepost Solutions CEO and FINTRAIL Solutions Co-Founder. “FINTRAIL Solutions was created to set forth a new standard for financial crime consultancies, and the launch of the FFE in the United States is a major step-forward in the shared fight against financial crime.”
The United States FFE will enable locally-based members of the FinTech and RegTech industry to share information about financial crime typologies and controls to strengthen the sector’s ability to detect and counter the global threat of financial crime, including money laundering, terrorist financing, bribery and corruption, and tax evasion. The global scope of financial crime and the shared threats faced by all major FinTech and RegTech hubs particularly underscore the need for a global FFE network, which will give its members not only a trusted place to exchange information, but also access to an increasingly far-reaching network of resources and perspectives.
“Every year, financial crime costs the global economy billions of dollars. With the launch of the FFE in the United States, we continue our mission of providing the necessary tools for FinTechs and RegTechs to fight back against financial crime, with a collaborative approach across the financial services ecosystem,” said Robert Evans, FINTRAIL Solutions Co-Founder and FINTRAIL LTD. Co-Founder.
The first ever FinTech FinCrime Exchange New York City meeting will take place on November 8, 2018, at Rise New York, where a host of industry experts and government officials will share their insights into the best practices on fighting financial crime. Attendees will have the opportunity to hear from a number of companies including FINTRAIL Solutions, Guidepost Solutions, Tech Against Terrorism, Monzo, and Tide. Also participating in a panel discussion will be representatives from the Office of Terrorist Financing and Financial Crimes at the U.S. Department of Treasury and Homeland Security Investigations at the U.S. Department of Homeland Security.
About the FinTech FinCrime Exchange (FFE)
The FinTech FinCrime Exchange (FFE) brings together a global network of FinTechs to collaborate on best practices in financial crime risk management. By sharing information on criminal typologies and controls, FFE members help to strengthen the sector’s ability to detect and counter the global threat of financial crime, including money laundering, terrorist financing, bribery and corruption and tax evasion.
About FINTRAIL Solutions LLC
Guidepost Solutions LLC, a global leader in compliance, investigations, and security consulting, in conjunction with financial technology compliance consulting firm FINTRAIL LTD., launched FINTRAIL Solutions LLC, a financial crime consultancy company to offer North American FinTech and RegTech firms with specialized services to manage their risks and navigate the uncertainty of future regulations for themselves and their clients.