October 25, 2018

Refinitiv & SAI Global collaborate to fight financial crime

Strategic alliance created to help organisations mitigate risk from third-party vendors and enable effective third-party ecosystem management.

LONDON/HONG KONG/CHICAGO – Refinitiv is collaborating with SAI Global, a recognized global provider of integrated risk management solutions, as part of a new alliance to help companies optimise risk management and prevent financial crime. Sitting at the heart of the alliance is the integration of risk intelligence from Refinitiv World-Check into SAI Global’s SAI360 for Digital Risk solution, allowing organisations to perform third-party vendor risk assessments more efficiently and effectively.

SAI Global’s SAI360 for Digital Risk solution helps organisations keep risks aligned with enterprise risk appetites while remaining compliant with policies and regulations. By leveraging thousands of out-of-the-box controls and regulations and predefined automated workflow, organisations can manage and mitigate risks from the likes of cybersecurity threats, third-party vendors, as well as protecting their key data.

Refinitiv World-Check is a highly structured source of risk intelligence that supports the Know Your Customer and Third Party Risk due diligence process, helping organisations around the world assess the risks associated with sanctions, organised crime, fraud, money laundering, bribery and corruption, as well as modern day slavery and country risk.

A recent report, “Revealing the True Cost of Financial Crime”, conducted by Refinitiv, highlighted that almost half of large global organisations have been the victims of fraud, theft, money laundering or other financial crimes. Results from more than 2,300 respondents indicate how pervasive such crimes have become across the world. The report shows that 47% of people questioned admitted that their organisation had suffered at least one incident of financial crime over the past 12 months, with cybercrime and fraud cited as the most common financial crimes. The companies surveyed estimated a total aggregated loss of USD$1.45 trillion, or around 3.5% of their global turnover.

Stuart Brown, Global Head of Emerging & Frontier Market at Refinitiv said, “Financial crime is costing companies and financial institutions. Global private partnerships play a crucial role in combating the issue. Refinitiv and SAI Global’s new collaboration demonstrates how two organisations can work together to leverage the technology platforms and data needed to fight financial crime.”

“Banks, financial services companies, and private and public institutions alike are in the vanguard of fighting financial crime. As the perpetrators become more nefarious and move increasingly online, there is a need for ever-more sophisticated tools to monitor and track criminals and the transactions they undertake,” commented Rob Van Straten, Executive Vice President EMEA and APAC at SAI Global. “Alliances such as this enable customers to advance confidently by leveraging technology that makes an impact on the global networks behind financial crime and the untold business and societal harm it can bring.”

About World-Check

World-Check is a source of risk intelligence data which helps organisations across the world meet their regulatory obligations, make informed decisions and help prevent them from inadvertently being used to launder the proceeds of financial crime or association with corrupt business practices. World-Check monitors a huge range of public sources including sanctions, regulatory and law enforcement lists and thousands of media sources, as well as company information and regulatory filings, to ensure its data is accurate and up-to-date. For more information about World-Check, visit here.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.

About SAI Global

SAI Global, a provider of integrated risk management solutions, assurance and property services, helps organizations proactively manage risk to create trust and achieve business confidence, growth, and sustainability.

Its integrated risk management solutions are a combination of leading capabilities, services and advisory offerings that operate across the entire risk lifecycle allowing businesses to focus elsewhere. Sai Global is a trusted provider of standards, technical information and regulatory content to organizations globally. With accredited audit and certification services, based on third-party endorsed management systems and world-class training, it helps organizations gain efficiencies, improve performance and ensure compliance. In Australia, it is the largest provider of property information and settlement services and support confident decision making across all stages of the property lifecycle.

Underpinning all of SAI Global’s solutions are proven and trusted business methodologies, powered by local expertise and know how. The company has global reach with locations across Europe, the Middle East, Africa, the Americas, Asia and the Pacific. For more visit www.saiglobal.com.


Silke Marsh
Head of PR, Asia Pacific, Refinitiv
+61 404 763 797