How does GraphCast compare to Financial Crime Risk Intelligence?

Kharon's GraphCast solution delivers advanced visualizations and analytics, enabling organizations to uncover complex relationships and hidden risks within their data. By mapping connections between entities, GraphCast provides valuable insights into networks of financial crime, sanctions, and high-risk behaviors.

This powerful tool integrates seamlessly with risk management workflows, helping businesses visualize, understand, and act on critical intelligence. Kharon's GraphCast enhances decision-making and strengthens defenses against financial crime.

ComplyAdvantage's Financial Crime Risk Intelligence solution equips organizations with actionable insights to identify and mitigate risks associated with financial crime. This platform aggregates data from global sanctions lists, PEP databases, adverse media sources, and other risk indicators to provide a comprehensive view of potential threats.

The solution employs advanced analytics and visualization tools to uncover hidden connections and patterns, enabling businesses to make informed decisions. Real-time updates and alerts ensure that organizations remain aware of emerging risks and can take proactive measures to address them. Its customizable dashboards and reporting features offer flexibility in tailoring risk intelligence to specific business needs.

By providing a holistic view of financial crime risks, ComplyAdvantage's Financial Crime Risk Intelligence solution enhances decision-making, supports compliance efforts, and fosters a secure business environment.

• 🏆 Financial Crime and Compliance50 2024 - Ranked 29 by Chartis (2024)
• 🏆 Category Winner - Risk Typology Customization by Chartis (2024)

Kharon supplies data intelligence to help identify a wide range of sanctions and compliance risks critical to managing financial crimes, supply chain exposure, export controls, and investment risk. At the heart of Kharon's offerings is "The Kharon Core," which is described as the premier global risk analytics engine. The types of customers and use-cases their data and tools are used for include:

Forced Labor: Addressing risks associated with forced labor in supply chains, helping organizations comply with regulations and ethical standards.
Military End Use: Identifying risks related to entities engaged in military applications, aiding compliance with export controls and other regulations.
Sanctions and Financial Crimes Compliance: Supporting organizations in managing risks tied to sanctions and financial crimes to ensure compliance with global regulatory requirements.
Investment Risk: Offering insights to manage and mitigate risks in investment portfolios, especially concerning sanctioned or high-risk entities.
Public Sector: Providing solutions tailored to government and public sector needs for addressing compliance, security, and geopolitical risks.

The company was founded by former senior U.S. Treasury intelligence officials who brought deep knowledge of sanctions and regulatory landscapes to their work. Kharon's solutions have been recognized for their ability to streamline compliance workflows, reduce overscreening, and empower organizations to navigate complex regulatory environments. Their data is utilized by important government agencies such as U.S. Customs and Border Protection and the U.S. Department of Homeland Security.

In regards to their broader client base, as of the end of 2024, Kharon serves a diverse and prestigious client base, including:

- 8 of the 10 largest US banks
- 6 of the 10 largest EU banks
- Over 30 Fortune 100 companies
- 4 of the 5 largest global accounting firms
- 7 of the 10 largest US automotive companies
- 9 of the 10 largest global semiconductor companies

ComplyAdvantage, founded in 2014, is a RegTech company that specializes in providing AI-driven financial crime risk detection and anti-money laundering (AML) solutions. ComplyAdvantage leverages artificial intelligence, machine learning, and natural language processing to offer real-time risk insights and AML data solutions.

The company provides a range of services, covering:

- AML onboarding and monitoring
- Transaction monitoring
- Payment screening
- Politically exposed persons (PEPs) and adverse media screening
- Real-time sanctions and watchlist screening

ComplyAdvantage has experienced significant growth since its inception, raising $88.2 million through three rounds of venture capital funding and expansion of its operations with offices in the United States, Singapore, and Romania. The company serves over 1,600 businesses across the globe, including major financial institutions like Santander and Affirm, and clients have reported a 70% reduction in false positives and a 50% decrease in onboarding cycle time.