About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Saifr Acquisition of Giant Oak Solution Adds Adverse Media Screening and Monitoring

Subscribe to our newsletter

Saifr, a Fidelity Investments company, plans to extend its RegTech capabilities with the acquisition of GOST, an AI platform developed by Giant Oak to deliver adverse media screening and monitoring. The addition is expected to provide financial institutions with broader functionality across regulatory intelligence, due diligence, risk management analytics and continuous monitoring, and help them navigate industry risk.

Saifr was established in 2020 as a RegTech incubated by Fidelity Labs and uses AI to simplify the complex regulatory landscape for compliance teams in the financial services sector. Its AI models streamline content creation, approval and filing processes while simultaneously mitigating regulatory, reputational, and brand risks.

Giant Oak was created in 2013 to combine behavioral social science and computer science methodologies to build big data tools to combat criminal activities. Its GOST solution offers risk detection and mitigation and will complement Saifr’s regulatory solutions with screening technology using publicly available information.

Gary Shiffman, CEO and co-founder of Giant Oak, says: “Together, the capabilities of Saifr and Giant Oak will accelerate the development of innovative solutions for financial institutions as they navigate compliance and regulatory requirements amid rising industry risks.”

Vall Hèrard, CEO of Saifr, adds: “This acquisition positions Saifr to address the changing needs of financial services firms and make it easier for them to spend more time doing what matters most for their business.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to automate entity data management and due diligence to ensure efficiency, accuracy and compliance

Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is time consuming, and often a tedious manual process. This can slow down customer relationships and expose financial institutions to risk from inaccurate, incomplete or outdated data – but there are solutions to these problems. This webinar will consider the challenges of sourcing and...

BLOG

Firms in the US Prepare to Meet Compliance Date for UPI in Regulatory Reporting

The Derivatives Service Bureau (DSB) has released figures indicating industry readiness for the first jurisdictional compliance date for the inclusion of the Unique Product Identifier (UPI) in regulatory reporting in the US on 29 January 2024. The US is the first jurisdiction to start UPI reporting in G20 derivatives markets with EU EMIR Refit regulations...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...