Intelligent CIO Europe Issue 57 - Page 20

NEWS

Experian partners with DQ Global to help tackle the rise of UK financial crime customer due diligence purposes . Regulated firms must identify and verify anyone they work with , to ensure they don ’ t unknowingly become involved with a business or individual with a history of financial crime , or sanctions .

The solution also enables customers to meet anti-money laundering ( AML ) compliance obligations , as well as allowing them to carry out periodic AML checks on existing accounts . desire to reduce the risk of financial

A crime ( FinCrime ) is behind a new partnership between Experian and , leading CRM data quality experts , DQ Global , as they launch new data-driven solution , DQ Compliance .

By combining Experian ’ s KYC ( Know Your Customer ) data with DQ Global ’ s suite of no-code FinTech products , FCA-regulated customers can now quickly access a robust view of a business , what they do and the people behind them to help rule out financial crime before working with them .
This is particularly important for small businesses going through a corporate finance application process for KYC and
Financial crime has risen significantly in recent years , with 2 – 5 % of Global GDP estimated to be from money laundering . Fines totalling £ 10.8 billion due to FinCrime were handed out in 2020 and money laundering is estimated to cost the UK more than £ 111 billion a year .
Recognising the importance of combatting illicit financial activity , Experian and DQ Global have combined the former ’ s data utilisation and capabilities into the latter ’ s Microsoft product suite .

ICEYE signs contract to provide Government of Ukraine with access to its SAR satellite constellation

ICEYE , a global leader in persistent monitoring with radar satellite imaging , has signed a contract with the Serhiy Prytula Charity Foundation which will provide the Government of Ukraine with ICEYE ’ s Synthetic Aperture Radar ( SAR ) satellite imaging capabilities .

As part of the agreement , ICEYE will transfer full capabilities of one of its SAR satellites already in orbit for the Government of Ukraine ’ s use over the region . The SAR satellite will be operated by ICEYE . In addition , ICEYE will provide access to its constellation of SAR satellites , allowing the Ukrainian Armed Forces to receive radar satellite imagery on critical locations with a high revisit frequency .
Since the beginning of the Russian invasion in Ukraine , the Serhiy Prytula Charity Foundation has focused its efforts on fundraising money for the needs of Ukraine ’ s Armed Forces , including the recent acquisition of four Bayraktar drones .
“ ICEYE owns the most developed radar satellite imaging technology in the world as of today ,” said Serhiy Prytula , Founder of the Serhiy Prytula Charity Foundation . “ This agreement is a significant step in responding to the Government of Ukraine ’ s urgent request for critical earth observation data and it will greatly benefit our Armed Forces .”
“ With this agreement , ICEYE further builds on its efforts to provide objective data and technological support to Ukraine ,” said Rafal Modrzewski , CEO of ICEYE . “ We firmly believe SAR technology and its capabilities will continue to add significant value to the Government of Ukraine , now enabled by the work of the Serhiy Prytula Charity Foundation .” p
20 INTELLIGENTCIO EUROPE www . intelligentcio . com