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Refine Intelligence Named to RegTech100 for 2024 by RegTech Analyst

New York and Tel Aviv, December 6, 2023 - Refine Intelligence, the pioneer in financial crime “greenflagging,” has been announced as one of the world’s most innovative RegTech companies in the financial services industry by RegTech Analyst, a subsidiary of FinTech Global.

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Now in its seventh year, the annual RegTech100 recognizes the top companies providing technology solutions to financial institutions which address challenges in the areas of compliance, risk management, onboarding, financial crime prevention, information security and reporting.


Refine Intelligence’s AML solutions provide critical context to investigators, helping them significantly reduce handling time for anomalies. For AML teams that need to efficiently process AML alerts, Refine Intelligence offers two key products to help explain customers’ actions:

  • Digital Customer Outreach: User-friendly digital inquiries in which customers are asked about the source of funds, the nature of the activity and other crucial contextual information that are typically replied to in just two minutes; and

  • Life Story Analytics: AI model trained using a unique, proprietary data set that can automatically, in real time, recognize the probability of a transaction relating to a customer’s “life story” - like selling a car, doing a big renovation or paying tuition for an international student.

“Banks are facing increasing challenges to keep up with fighting financial crime, using an ever-growing operations team engaged in AML compliance,” said Refine Intelligence Co-founder and CEO Uri Rivner. “Refine helps banks become highly efficient by gaining crucial context for anomalous transactions, without having to replace their transaction monitoring system or models. Through Refine’s “greenflagging” process, false alarms that are triggered due to legitimate customer life stories can be quickly identified, so banks can focus their energy on truly unexplained activities that require investigation. It’s an honor to be a part of the RegTech100 for 2024.”


Companies on the RegTech100 list are selected by a panel of analysts and industry experts based on criteria including the innovation and industry significance, how well the technology can scale, adapt, and get implemented efficiently, and how well a given RegTech solution will free up compliance staff for higher-level tasks. Refine Intelligence was selected from among an initial longlist put together by RegTech Analyst of nearly 1,400 businesses.


“This year’s RegTech100 list highlights the leading companies in areas such as information security, compliance, risk management and fraud prevention working on the forefront of innovation and new AI implementations who have demonstrated a strong track record delivering regulatory and operational improvements in financial services,” said Mariyan Dimitrov, RegTech Analyst Director of Research.


About Refine Intelligence

Refine Intelligence introduces a novel approach to AML: “Catching the Good Guys”. Our mission is to help banks become super-efficient and focused by quickly identifying legitimate customer life stories behind many flagged anomalies. Our Digital Customer Outreach solution uncovers crucial context such as source of funds and nature of activity and relationship within minutes, and our AI platform scans anti-money laundering alerts from transaction monitoring systems and “greenflags” customers’ legitimate activity to dramatically reduce investigation time. Founded by tech veterans in fighting financial crime, Refine Intelligence is backed by Glilot Capital Partners, SYN Ventures, Fin Capital and Valley Ventures. To learn more, visit www.refineintelligence.com.



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