St. Gallen / Frankfurt, 28 July 2023 - msg Rethink Compliance, a think tank, consultancy, and technology company in the field of anti-financial crime compliance, announces its new partnership with the Competence Centre (CC) Ecosystems of the Business Engineering Institute (BEI) St. Gallen. The membership underlines msg Rethink Compliance's ongoing commitment to drive innovation and actively shape the digital transformation of the financial industry. The company is leveraging new technologies to increase efficiency and reduce costs in risk and compliance.
The Ecosystems Competence Centre is renowned for its applied research and the development of innovative solutions in practice. With its international network of selected universities, financial institutions and technology providers, the BEI has been developing scientifically sound reference models for two decades. The aim is to demonstrate the potential of new technologies and to promote exchange within the community. The centre uses prototypes to demonstrate the practicality of its research findings.
"We are delighted to be part of the Competence Centre Ecosystem," says Dr Steffen Gutjahr, member of the management board and head of software development at msg Rethink Compliance. "This unique network in the financial sector will foster our innovation processes and enable us to implement next-generation compliance solutions for our customers faster and more efficiently. Together, we will drive the digital agenda in the financial industry and improve the automation of anti-financial crime compliance processes through the use of data analytics, AI and other innovative technologies."
The partnership offers msg Rethink Compliance the opportunity to realise its vision of a "Digital Compliance Factory" in a network of experts from academia and practice. The initial focus will be on the development of a holistic anti-financial crime governance platform. This platform will enable compliance officers to effectively monitor and manage federated approaches to combating financial crime.
About Business Engineering Institute St. Gallen AG
The Business Engineering Institute St. Gallen AG (BEI) is the leading company in the German-speaking region when it comes to transferring knowledge from research and science into practice-relevant management consulting and innovative solutions. In particular, BEI supports a large number of renowned companies in their digital transformation. BEI is a pioneer in digital innovations at the cutting edge and stands for excellence in digital business innovation.
www.bei-sg.ch
