logo
Ripjar and RZOLUT Announce Strategic Partnership to Enhance AML Screening

Ripjar and RZOLUT Announce Strategic Partnership to Enhance AML Screening

Business Wire6 days ago
LONDON, NEW YORK & SINGAPORE--(BUSINESS WIRE)--Ripjar, a leader in AML risk management technology for financial institutions and global organisations, today announced a strategic partnership with RZOLUT, an award-winning RegTech data and diligence innovator.
Our partnership with RZOLUT reflects this open approach to data, and will deliver an exciting expansion of choice for Ripjar customers.
Ripjar is known for its data-agnostic dynamic risk screening platform which enables users to combine datasets from multiple industry-leading data providers. This new collaboration will see the integration of RZOLUT's extensive global datasets into Ripjar's platform, further expanding the range of choice available to users.
The integration of RZOLUT's ContentStream engine into Ripjar's technology stack will bring valuable insight to Ripjar's customers through the provision of global and niche datasets including hard-to-find data. This will enable users to enhance their screening with valuable additional context to capture even more risk.
By combining Ripjar's AI-powered risk management technology with RZOLUT's diverse datasets spanning 238 jurisdictions and 120 languages, the partnership will empower users to identify and manage risk while minimising false positives.
Tom Obermaier, CEO of Ripjar, said: 'We're excited to welcome RZOLUT to Ripjar's ecosystem of trusted data partners. Core to our data-agnostic strategy is the ability to consume and integrate the very best data assets available, providing our customers with the ability to generate the most comprehensive risk profiles. Our partnership with RZOLUT reflects this open approach to data, and will deliver an exciting expansion of choice for Ripjar customers.'
Sarabjeet Singh, RZOLUT Founder and CEO, added: 'Our partnership with Ripjar allows us to bring exceptional value to top-tier banks, financial institutions and corporates. By integrating our cutting-edge data assets with Ripjar's industry-leading technology, we will deliver transformative solutions that meet the challenges of an increasingly complex risk landscape. We share a common vision of enabling a risk-resilient world and are excited to bring that vision to life.'
About Ripjar
Ripjar harnesses cutting-edge AI to transform overwhelming data into precise, actionable insights. With the ability to integrate diverse data from any source, Ripjar's tools cut through the noise, enabling organisations to detect risks and uncover hidden threats with unmatched accuracy.
About RZOLUT
RZOLUT is a pioneering RegTech company committed to democratizing data intelligence. With a foundation of datasets that span 238 jurisdictions across 120 languages, RZOLUT delivers high-accuracy diligence and risk intelligence tools to monitor and mitigate AML risks at scale.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australian Billionaire David Teoh's Simba Telecom To Buy Singapore's M1 In Deal Valued At $1.1 Billion
Australian Billionaire David Teoh's Simba Telecom To Buy Singapore's M1 In Deal Valued At $1.1 Billion

Forbes

time8 minutes ago

  • Forbes

Australian Billionaire David Teoh's Simba Telecom To Buy Singapore's M1 In Deal Valued At $1.1 Billion

Simba Telecom—a unit of billionaire David Teoh's Australia-listed Tuas Ltd.—is buying M1 in a deal valuing the Singapore-based mobile carrier at S$1.4 billion ($1.1 billion). Keppel has agreed to sell its 83.9% stake in M1 to Singapore-based mobile operator Simba for cash proceeds of close to S$1 billion, the company said in a statement on Monday. Keppel will retain M1's Information and Communications Technology businesses, which complements the conglomerate's connectivity operations such as data centers and subsea cables. While the transaction will result in a S$222 million loss for state-linked Keppel, the deal 'crystalizes value from Keppel's investment in M1 over the years,' the company said. The sale of M1, which Keppel founded in 1994 to compete with telecom giant Singtel, is expected to be completed in a few months subject to regulatory approvals. The divestment unlocks value for Keppel, which plans to use the cash proceeds to fund growth opportunities, lower debt levels and reward shareholders. Keppel said it has identified a portfolio of non-core assets (worth more than S$14 billion) that it plans to sell. 'M1 and Simba are a highly synergistic combination—together, they can scale more efficiently, optimize infrastructure and accelerate 5G and digital investments,' Loh Chin Hua, CEO of Keppel, said in the statement. Simba's parent Tuas reported a first-ever net profit of S$3 million in its first half ended January as revenue jumped 34% to S$73.2 million. Tuas expects to remain profitable for the rest of the fiscal year. Simba had 1.2 million mobile subscribers and over 14,000 broadband customers as of January. Tuas, which was spun off as a separate listed entity after its parent TPG Telecom merged with Vodafone Australia in March 2020. Teoh, 69, an Australian citizen of Malaysian descent, is the founder and former executive chairman of TPG Telecom. He has a real-time net worth of $2.1 billion, according to Forbes.

Here's Why We Think Duty Free International (SGX:5SO) Is Well Worth Watching
Here's Why We Think Duty Free International (SGX:5SO) Is Well Worth Watching

Yahoo

time36 minutes ago

  • Yahoo

Here's Why We Think Duty Free International (SGX:5SO) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Duty Free International (SGX:5SO). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Duty Free International with the means to add long-term value to shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. How Fast Is Duty Free International Growing Its Earnings Per Share? Investors and investment funds chase profits, and that means share prices tend rise with positive earnings per share (EPS) outcomes. Which is why EPS growth is looked upon so favourably. Commendations have to be given in seeing that Duty Free International grew its EPS from RM0.0091 to RM0.045, in one short year. When you see earnings grow that quickly, it often means good things ahead for the company. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. We note that while EBIT margins have improved from 7.5% to 42%, the company has actually reported a fall in revenue by 6.0%. While not disastrous, these figures could be better. In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers. View our latest analysis for Duty Free International Since Duty Free International is no giant, with a market capitalisation of S$90m, you should definitely check its cash and debt before getting too excited about its prospects. Are Duty Free International Insiders Aligned With All Shareholders? It's said that there's no smoke without fire. For investors, insider buying is often the smoke that indicates which stocks could set the market alight. That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. However, insiders are sometimes wrong, and we don't know the exact thinking behind their acquisitions. We haven't seen any insiders selling Duty Free International shares, in the last year. So it's definitely nice that Non-Independent Non-Executive Director Soo Lin Chew bought RM22k worth of shares at an average price of around RM0.058. Purchases like this can help the investors understand the views of the management team; in which case they see some potential in Duty Free International. Does Duty Free International Deserve A Spot On Your Watchlist? Duty Free International's earnings per share growth have been climbing higher at an appreciable rate. Growth investors should find it difficult to look past that strong EPS move. And in fact, it could well signal a fundamental shift in the business economics. If this these factors intrigue you, then an addition of Duty Free International to your watchlist won't go amiss. We don't want to rain on the parade too much, but we did also find 3 warning signs for Duty Free International (1 shouldn't be ignored!) that you need to be mindful of. Keen growth investors love to see insider activity. Thankfully, Duty Free International isn't the only one. You can see a a curated list of Singaporean companies which have exhibited consistent growth accompanied by high insider ownership. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Dollar steady before inflation report, US-China tariff deadline
Dollar steady before inflation report, US-China tariff deadline

Yahoo

timean hour ago

  • Yahoo

Dollar steady before inflation report, US-China tariff deadline

By Gregor Stuart Hunter SINGAPORE (Reuters) -The U.S. dollar stabilised on Monday after last week's losses, as markets await Tuesday's key U.S. CPI report for July and focus on developments in trade talks between Washington and Beijing ahead of a deadline to avoid the imposition of higher tariffs. The dollar index was flat at 98.25 after a 0.4% decline last week. Against the yen, the dollar was unchanged at 147.685 yen, with Japanese markets closed for the Mountain Day holiday. Trade talks were in focus as Trump's August 12 deadline for a deal between the U.S. and China loomed, particularly around chip policy. "The market has fully priced in the idea that we're going to get an extension," said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne, adding that another 90-day truce was most likely. With the U.S. and China seeking to close a deal that would avoid imposing triple-digit tariffs on each other's goods, the Financial Times reported on Sunday that chip manufacturers Nvidia and AMD agreed to allocate 15% of their revenues from sales in China to the U.S. government under an arrangement to obtain export licences for the semiconductors. The report follows a warning that Nvidia's H20 chips pose security concerns for China, a social media account affiliated with the country's state media said on Sunday. "I don't know if that's going to be a good thing or a bad thing, but if it puts closure on the matter it's not a bad outcome," Weston said. "If this is Trump says 15% and we'll call it a day, that may not be too bad." The offshore yuan fluctuated between gains and losses after data on the weekend showed China's producer prices fell more than expected in July, while consumer prices were unchanged. The Australian dollar fetched $0.6515, down 0.2% in early trade ahead of a rate decision from the Reserve Bank of Australia on Tuesday, where the central bank is widely expected to cut interest rates by 25 basis points to 3.60% after inflation for the second quarter missed expectations and the jobless rate hit a 3-1/2-year high. The kiwi last traded at $0.59455, down 0.13%, while the British pound traded at $1.34405, down 0.1% so far on the day. In crypto markets, bitcoin rose 0.7% to $119,154, not far from its previous record, while ether was up 1.1% at $4,267, after reaching its highest since December 2021 on Sunday. Elsewhere, personnel moves at key U.S. monetary policy institutions were also in focus. U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organisation" as the Fed's mission has included so many things outside of monetary policy and has put its independence at risk, Japan's Nikkei newspaper reported. The Trump administration was also interviewing candidates to lead the Bureau of Labor Statistics including E.J. Antoni, chief economist at the conservative Heritage Foundation, The Wall Street Journal reported on Sunday, citing a senior administration official. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store