FinCrimeTech50: ACTICO selected as Top 50 Compliance Software Vendor

London / Immenstaad, May 8, 2024 – Which software providers are best suited to the current compliance challenges facing the financial sector? Analysts and industry experts at the research company FinTech Global have examined 400 companies. The 50 most outstanding have made it into the first edition of the FinCrimeTech50 list. The good news for ACTICO customers: The software provider is one of the top 50 companies worldwide that support financial service providers in the fight against money laundering, fraud and financial crime.

FinTech Global considers the current geopolitical and economic landscape to have intensified the challenges faced by financial crime prevention teams.

Three main topics are especially important:

1. Rapid updates to PEPs and sanctions lists
2. The complexity introduced by the adoption of real-time payments
3. The adoption of AI by both criminals and professionals

Based on these challenges, the judges have selected 50 global trend setters which support financial firms with anti-financial crime software. The judges were given the task to review a list of over 400 nominated enterprises.

FinTech Global director Richard Sachar said, “As global financial crime trends continue to rise, compliance teams face growing datasets that outpace traditional tools. Given this pressure financial institutions are increasingly turning to AI to improve their fraud prevention, biometrics, risk management tools, process automation, and data analytics.

“The FinCrimeTech50 list will help senior compliance professionals filter through all the solution providers in the market by highlighting the tech leaders in the market who can help financial institutions stay ahead of fraudsters and criminals in 2024 and beyond.”

ACTICO Compliance Solutions for Combating Financial Crime

With its new Compliance Solutions, ACTICO is introducing a new generation of software to the market. Banks and insurers can now leverage the latest technological standards such as cloud operation, AI readiness, and OpenAI in their compliance environment. At the same time, the software supports compliance teams in efficiently working on a modern user interface. Dashboards contribute to this by providing an overview of all compliance cases at a glance. The responsive web UI is suitable for desktop, tablet, and smartphone use.

This new approach has convinced analysts and industry experts in selecting the Top 50 FinCrime Tech. Mariyan Dimitrov, Research Director at FinTech Global, says: “Combating financial crime and fraud prevention are among the top priorities for financial companies. With its Compliance Solutions, ACTICO offers a comprehensive solution that meets the companies’ requirements for compliance and combating financial crime.”