Over the last 12 months the team at FINTRAIL has been spending a lot of time talking with our industry peers, listening to our clients and partners, and learning how the world of financial crime prevention is evolving. As a result of this we are very excited to announce that change is coming. It is time for FINTRAIL to evolve, just as our clients and the communities we serve are evolving.
We have always prided ourselves on being a forward thinking and proactive business that pushes the boundaries of what we do, provides our clients with the most relevant and credible support possible and, as best as possible, does some good for the community we serve at the same time.
We are making some changes in how we structure FINTRAIL to help us execute our vision. We thought our community and partners may be interested to hear why we are making these changes and what it may mean for them.
We have recognised that our clients value the breadth of global expertise we can offer. We have now worked with over 70 innovative financial service providers around the globe and that breadth of knowledge is unique. We want to be better at harnessing that global experience and making it available to all clients. This means we are dropping our regional consulting alignment, instead consolidating all our consulting engagements under a single Global team that we are catchily referring to as “Consult”. This business is headed by James Nurse, who will oversee an expanded global structure with regional and specialist subject expertise such as virtual assets and data. For our clients this means we enable greater consistency in execution, improves our ability to leverage our global expertise and attract class-leading talent wherever they are in the world, and ensures that clients on a local, regional and global scale have the support they need.
Effectively addressing financial crime requires the best possible information and knowledge. It is not widely known but the team at FINTRAIL have been busy in the background producing detailed research, analysis and content for many of the leading regulatory technology providers and regulated institutions for some time. Additionally we have seen significant increase in demand from our regulated clients for specific market entry, regulatory analysis and investor and client research/due diligence. As such we are launching a new business line that is headed by Maya Braine called “Insights”. This team of financial crime specialists, researchers and analysts is focused on providing clients and partners with dedicated support across a range of existing and new services that support better engagement, better decisions and improved effectiveness.
Every one of the team at FINTRAIL has a passion for financial crime prevention - it is a prerequisite really! This means we want to be able to continue providing relevant support to early stage businesses but also leverage our expertise to assist the Not-For-Profit (NFP) and For-Good parts of our community. We feel this needs a dedicated and specialist approach to do properly, so we have established a new business line named “Pioneer”. Pioneer is also overseen by James Nurse with a team that leverages our company-wide expertise to do some good for the community. This will mean that we remove some of the barriers that elements of our community face when trying to access anti-financial crime support and also drive meaningful change in areas we at FINTRAIL feel passionately about.
There is no denying that technology is key to the fight against financial crime. There is also no doubt that it is extremely difficult for some in the community we support to get access to funds to build new technologies that could have a meaningful impact. This may be for myriad reasons, not least because of race, gender or their geographical location. We want to be at the front of change here and as a result we have established a new business line called “Ventures”. Ventures is initially headed by our CEO Robert Evans and supported by an investment panel drawn from our network and FINTRAIL team to help us put our money where our mouth is. Ventures is FINTRAIL’s investment arm and is focused on two things -
building internal tooling and technology that will enable FINTRAIL to support our clients better; and
investing in and helping accelerate new anti-financial crime technology with a focus on those founders and teams who may ordinarily struggle to access that support but where they have ideas that can move the needle in the fight against financial crime.
Not only will Ventures provide funding for new technology initiatives, but we will leverage our global community and expertise to help provide founders with support and guidance as they feel appropriate.
Lots of these changes are happening in the engine room of FINTRAIL which means we are starting a period of significant recruitment across our business. Roles have either already launched or will be launching in coming weeks across Consult, Insights, the FinTech FinCrime Exchange (FFE) and our Operations teams. Please check out our careers page if you are interested in joining us on this exciting journey.
Over the coming weeks each of the new business line leads will be providing a little more insight on what they have planned for the coming year so stay tuned for that. We will also be reaching out to our clients and partners to talk them through any relevant changes.
As a team we are super excited about the next stage of FINTRAIL’s journey and we look forward to the future with our clients, partners and community.