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Dow Jones Launches Adverse Media Screening and Monitoring Solution for Financial Institutions

Dow Jones Risk & Compliance has launched an advanced solution for adverse media screening, which will enable financial institutions to conduct real-time, automated risk-screening and monitoring.

The tool is powered by AI-enabled Natural Language Processing technology from Ripjar, a global leader in data intelligence software. 

The tool continuously monitors premium content from Dow Jones, including structured risk data and a collection of news articles from over 17,000 licensed sources available within Dow Jones Factiva. The integration of additional data sets is also supported, providing a significant advancement of financial institutions’ anti-money laundering, Know Your Customer (KYC), and third-party risk screening programs.

It enables continuous, real-time screening of customers against news relating to financial crime or reputational risk, as well as the identification of sanctions risk and politically exposed persons. 

“we can empower financial institutions to take a proactive role in preventing those crimes which exploit their vulnerabilities and carry the highest human cost.”

The application of Ripjar’s technology allows for faster assessment of the risks posed by individuals and entities, while reducing the occurrence of false positives that can waste time and resources. 

Guy Harrison, General Manager of Dow Jones Risk & Compliance, said: “Dow Jones has been deriving actionable insights from news content for more than 130 years and the effectiveness of this solution reflects that expertise. It marries our trusted, high quality content and risk data with Ripjar’s powerful AI technology to enable more efficient risk screening with the highest possible level of precision.”

Jeremy Annis, CEO of Ripjar, said: “Money laundering and terrorist financing are serious threats to financial institutions. Through this partnership with Dow Jones we can empower financial institutions to take a proactive role in preventing those crimes which exploit their vulnerabilities and carry the highest human cost. This is a critical partnership for Ripjar’s development and strategy of creating collaborations with leading global companies that can help us scale our business.” 

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