Gen H it has joined the 270+ fintechs which make up FINTRAIL’s FinTech FinCrime Exchange (FFE).
The lender has joined the initiative under the direction of its head of financial crime risk, Claire Pratt, who recently joined Gen H to shape its ‘fincrime’ risk function as it scales in 2024.
Gen H says FFE membership will support its financial crime policies and controls as it develops new systems and works to further streamline and simplify its application, underwriting and monitoring systems.
The FFE brings together a global network of FinTechs to collaborate on best practices in financial crime risk management. By sharing information on criminal typologies and controls, members help to strengthen the sector’s ability to detect and counter the global threat of financial crime.
The FFE was established in January 2017 by FINTRAIL and the Royal United Services Institute (RUSI). Once a small roundtable, its global members now meet monthly to share information and insights on an ongoing basis. The FFE produces white papers for its members and stakeholders in law enforcement, government and financial services.
Pratt said: “Innovation is the core of Gen H’s ethos – from our systems to our products and our communities. Joining the FFE will allow us to unite with other like-minded fintechs as we all work to fortify our systems and define new best practices at a time where this work is more critical than ever.
“I am delighted to join this community and look forward to learning from the varied experience of our new partners.”
