Global RADAR
| Industry | Financial software |
|---|---|
| Founded | 2007 |
| Founder | Dominic Suszek |
| Headquarters | |
| Products | Anti-money laundering software |
| Website |
globalradar |
Global RADAR is a financial software company known for its anti-money laundering software. Founded in 2007 by Dominic Suszek, the company is based in London and Miami.[1] According to Silicon Review magazine, Global RADAR has become "a leading software provider in the financial services sector".[2]
History
In 2006, Dominic Suszek founded BSA Strategies, a company to aid financial institutions in forensic accounting and risk assessment. A year later, he founded the software company Global RADAR to develop software to detect money laundering and terrorist financing, allowing clients to do due diligence on customers in compliance with anti-money-laundering regulations.[3] In its first decade, Global RADAR acquired clients in the US, Canada, Europe, Malaysia, the Caribbean, and Central and South America.
In July 2016, Suszek published a book titled The U.S. Banking Compliance Handbook, detailing methods to comply with financial industry regulations, including the software solutions of Global RADAR. Kirkus Reviews wrote of the book that "the author establishes his expertise in the field by offering much helpful information and advice."[4]
Software
Global RADAR describes its product as "a one-stop solution to manage compliance efforts from customer due diligence to activity surveillance in a single application".[5] Its primary module is its Know Your Customer/ Client Onboarding module, which allows financial institutions to do due diligence on new clients. Other modules include Foreign Account Tax Compliance Act (FATCA) compliance, Document Management, Watchlist Screening, Anti-Money Laundering Surveillance, Trade Surveillance, and Employee Surveillance and Management.[6][7] In addition to fulfilling compliance requirements, the software is designed to save financial institutions money by automating document management and risk assessment.[8]
In November 2015, Banking CIO Outlook magazine named Global RADAR its top Risk and Compliance Solution Provider.[9][10]
References
- ↑ Stringfellow, Angela (June 23, 2016). "20 Experts Reveal the Most Important Big Data Technology Trends Shaping Banking and Finance Today". NG Data. Retrieved August 26, 2016.
- ↑ Staff (2016). "Battle Financial Crimes with Premier Global Compliance & Risk Management Solutions Provider: Global RADAR". Silicon Review. Retrieved August 26, 2016.
- ↑ Staff report (September 9, 2011). "Sept. 11 Effects Linger". South Florida Business Journal. Retrieved August 26, 2016.
- ↑ "U.S. Banking Compliance Handbook: A Compliance Management Quick Reference Guide". Kirkus Reviews. July 24, 2016. Retrieved August 26, 2016.
- ↑ "Global RADAR – A Comprehensive Solution To AML Compliance And Risk Management". Superb Crew. October 12, 2015. Retrieved August 26, 2016.
- ↑ Staff (2016). "Global RADAR: Managing Business Critical Documents". CIO Review. Retrieved August 26, 2016.
- ↑ "Global RADAR". Global RADAR. Retrieved August 26, 2016.
- ↑ Staff. "Global RADAR: Mitigating Financial Terrorism with Regulatory Risk Management". Banking CIO Outlook. Retrieved August 26, 2016.
- ↑ "Global RADAR Named Top Risk & Compliance Solutions Provider". PR Newswire. October 19, 2015. Retrieved August 26, 2016.
- ↑ "10 Most Promising Risk & Compliance Providers 2015". Banking CIO Outlook. 2015. Retrieved August 26, 2016.