Dow Jones makes equity investment in Ripjar
Dow Jones today announced it has made an equity investment in Ripjar, a global leader in data intelligence software. The two companies have worked together since 2018 to deliver a platform that enables continuous, real-time screening and monitoring to help financial institutions and large corporations protect their businesses from financial crime risk.
Dow Jones Risk & Compliance provides best-in-class data, integrated technology solutions and due diligence services for managing regulatory and reputational risk. Dow Jones and its customers benefit from Ripjar’s leading-edge technology and expertise in artificial intelligence and natural language processing to automatically identify risks from multiple data sources.
Together with its equity investment in Ripjar, Dow Jones has extended its partnership agreement with the company to deliver a next-generation Software as a Service (SaaS) solution for adverse media and sanctions screenings. This enhanced product capability will provide large-scale screening and monitoring of Dow Jones’s premium content including high-quality structured risk data, and thousands of licensed news sources from Factiva, Dow Jones’s global news database.
“Expanding our partnership with Ripjar supports Dow Jones’s continued commitment to invest in innovative technology solutions that drive exceptional customer experiences,” said Joel Lange, general manager, Dow Jones Risk & Compliance. “Ripjar’s technology platform is a strong complement to our news capabilities and the additional data sets and applications we’ve developed specifically for compliance requirements and workflows. This includes anti-money laundering and counter-terrorism financing, sanctions, anti-bribery and corruption, and international trade compliance.”