Joanne Dewar Cambridge, 20 November 2023. FinCrime Dynamics is pleased to announce that Joanne Dewar, the recognised Fintech leader has been appointed to the board. Joanne played a pivotal role in the evolution of the fintech ecosystem as former CEO of Global Processing Services (GPS), now Thredd, and now as a mentor, speaker and judge, enjoys good visibility across the payments ecosystem. Joanne was named 2023 Payments Leader of the Year by EWPN, Businesswoman of the Year at the 2022 UK Tech Awards, Director of the Year at the 2022 UK Fintech Awards and is a champion of Disability Inclusion ..read more

David Toplas Cambridge, 11 September 2023. FinCrime Dynamics has announced that David Toplas has been appointed to its Board as a Non Executive Director. The recent announcement times with FinCrime Dynamics’s new growth initiatives as the company lays the governance foundations to rapidly scale. “David has been working with us over the last year or so and added significantly to the company” said FinCrime Dynamics CEO Stephen Quick. “David’s experience and guidance has proven very valuable to us as we move through the venture growth phases.” David Toplas brings a wealth of experience to the Bo ..read more

Cambridge, 08 September 2023. FinCrime Dynamics has announced that Dr Edgar Lopez-Rojas has taken up the position of Chief Visionary Officer. “We are thrilled to announce the appointment of Dr Edgar Lopez-Rojas as Chief Visionary Officer of FinCrime Dynamics,” said FinCrime Dynamics CEO Stephen Quick. “As the founder of FinCrime Dynamics, Edgar’s technical vision has been and will remain instrumental to the company’s success.” Dr Edgar Lopez-Rojas founded FinCrime Dynamics in 2019 (previously known as Ealax). He is a renowned industry and academic leader in the area of AI for financial crime p ..read more

FinCrime Dynamics, is thrilled to announce that we have been awarded UK government funding to develop a consortium for the advancement of Trustworthy AI in the fight against financial crime. The initiative forms part of the UK National AI strategy and has been funded by Innovate UK KTN, part of UK Research and Innovation. FinCrime Dynamics was awarded the funding based on their proposal for a consortium to develop simulations of financial crime using synthetic data, known as Financial Crime Vaccines, to help train more trustworthy AI. The trustworthiness of AI has been assessed on the princi ..read more

The latest FCA call for input on synthetic data [1] in 2022 provides an opportunity for academics, startups, RegTechs, FinTechs and technology firms to share their views on the adoption and opportunities of using synthetic data within financial services. In simple words, synthetic data is data generated by a computer (or human) as an alternative to data collected after measuring or observing a process (such as the financial system). This call for input forms a crucial bridge between the regulator and the financial services industry and encourages further innovation. FinCrime Dynamics will also ..read more

FinCrime Dynamics is pleased to announce that Nick Cook, former Director of Innovation at the Financial Conduct Authority (FCA), has joined our advisory board. “We are thrilled that Nick Cook has joined the FinCrime Dynamics team and wants to help us fight financial crime,” said FinCrime Dynamics CEO Stephen Quick. “Nick has a truly unique understanding of new RegTech opportunities and it is exciting that he has chosen to work with us.” “Financial institutions, law enforcement and regulators are all exploring how to develop better detection and intervention systems.  Synthetic data, simu ..read more

In FinCrime Dynamics’s recent blog entry “FCA financial crime findings highlight the need for better controls”, you may have read the interesting statistics comparing the number of internal unusual activity reports and externally reported SARs (suspicious activity reports). Employing some rudimentary arithmetical skills, you may have concluded that typically UK reporting firms enjoy a 2:1 ratio of internal to external SARs. So for every two suspicions escalated internally to the MLRO, the MLRO - after investigation - decides that one is genuinely suspicious enough to report to law enforcement ..read more

We are excited to announce that EalaX Ltd has rebranded to FinCrime Dynamics Ltd. The rebranding marks an important stage in our company’s journey following the recent development of our product Synthetizor® and one of the first strategic actions of the newly appointed CEO Stephen Quick. “Make the global financial system safer” — company vision of FinCrime Dynamics We are proud to align our new brand with our company vision “to make the financial system safer”. Financial crime is evolving at a frighteningly fast pace with an advanced level of sophistication. Dynamic solutions are now required ..read more

Team FinCrime Dynamics competed in the Global Open Finance Challenge among 126 other companies with new ideas in how to use the power of synthetic data for enhancing the experience of the bank’s customers related to financial fraud. The team was led by Dr. Edgar Lopez-Rojas (CTO & co-founder) and Daniel Turner-Szymkiewicz (CPO & co-founder). Four leading banks from Canada, Brazil, Australia and the UK – CIBC, Itaú, NAB and NatWest - are collaborating to deliver the Open Finance Challenge that will contribute to an open finance ecosystem that is expected to transform the financial indus ..read more

FinCrime Dynamics is pleased to announce that Stephen Quick has been appointed as new CEO of the company. Stephen Quick succeeds FinCrime Dynamics Founder Dr Edgar Lopez-Rojas, who will move into the new CTO role. Stephen Quick joins FinCrime Dynamics after a distinguished 10 year career in financial services. Along with a successful stint in investment management Stephen went on to specialise in strategy, product and digital transformation initiatives. “We are excited that Stephen Quick has chosen to join FinCrime Dynamics”, said Dr Edgar Lopez-Rojas. “Stephen brings a different dynamic to th ..read more