During the pandemic (2020-22) we noticed that the financial crime regulatory requirements evolved rapidly with broader scope and wider coverage. Rightly so because inadequate controls and vulnerable organizations could allow perpetrators to misuse financial assets posing a risk to businesses and to the national security. The broader scope now goes beyond money laundering to include fraud, cybersecurity, corruption, data-theft among others. Further, the coverage goes beyond commercial and retail banks, to include FinTechs, DeFi, Crypto Exchanges and other related Digital Assets.

With changing regulatory requirements, the cost of compliance went up with non-compliance often leading to hefty penalties and reputational loss. This often led to loss of trust within the end consumers, investors and business partners. To add up to this complexity, emerging financial technology organizations lacked experience of developing and selling regulated financial products. We realized that our experience of over two decades can help these emerging players scale their markets, as well as support traditional financial services organizations as they transform their business model.

EntityVector was therefore born to help financial services sector, both existing and emerging, comply with regulatory mandates and mitigate reputational risks, as they race to the future. EntityVector offers Advisory and Analytics services covering AML, Fraud Risk Management, Third-Party Risk and Data Privacy & Security  domains through a blend of data, technology and domain.