Refinitiv and Complyfin partner to boost compliance awareness in UAE

Financial market data platform Refinitiv is teaming up with Complyfin to promote compliance awareness and effectiveness in the UAE.

A report from Refinitiv recently claimed the Middle East is experiencing increased interest in technology, personal liability, anti-bribery and corruption regulation activity. This is transferring to the emergence of new compliance programmes being established by local governments, paving the way for more FinTechs, it claims.

Complyfin Sachin Rao senior associate partner and CCO said, “This partnership will strengthen our proposition and a wide range of our solutions including AML/CFT and sanctions risk assessments, auditing, reviewing and testing cyber risk, providing effective solutions as a software house and providing robust frameworks for policy manuals while providing personalized consultative coaching and training services to enable financial institutions to effectively adhere to regulatory compliance procedures and improve their overall financial crime compliance regime.”

Complyfin offers compliance and risk management services, systems and solutions. Its products include cyber risk advice, audits, assessments, and risk tools and transaction monitoring systems.

Refinitiv is a financial markets data and infrastructure platform which provides insights into various areas including trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

Last year, Refinitiv supplied STC Pay with its technology to support know your customer and anti-money laundering processes and meet compliance with various regulations.

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