Market Research Report: Sigma360

Company Overview

• Name: Sigma360

• Mission of the Company: To provide definitive risk intelligence software solutions that empower organizations to supercharge their risk mitigation strategies by leveraging AI and proprietary models.

• Founded: The specific founding date was not provided. The company is MIT-incubated.

• Founders: Gabrielle Haddad and Stuart Jones, Jr.

• Key People in the Company:

• Stuart Jones, Jr. (Founder, Chief Executive Officer)

• Gabrielle Haddad (Founder, Board Member)

• Alison Clew (Independent Director)

• Alexandre De Villiers (VP, Operations - Chief of Staff)

• Gareth Jones (Board Member)

• John Katzenmeyer (Board Member)

• Carlo Latasa (SVP, Engineering)

• Nick Marton (Director, Machine Learning)

• Matt Monarch (VP, Product)

• Ashley Mullis (Director, Marketing)

• Karim Rajwani (Chief Product Officer)

• Randal Skipper (Chief Revenue Officer)

• Shea Wallon (Board Member)

• Phil Wittmann (SVP of Client & Partner Solutions)

• Headquarters: No specific location provided.

• Number of Employees: Information not available.

• Revenue: Information not available.

• What the Company is Known For: Sigma360 is known for its AI-powered software platform that enables compliance professionals to identify, screen, monitor, and review clients and their relationships against an extensive cloud-native risk intelligence database.

Products

• HyperScan

• Description: An AI-powered automated web search tool specifically designed for financial crime teams.

• Key Features:

• Instantly searches for and surfaces relevant information about entities.

• Reduces time-consuming manual processes.

• Sigma360 Platform

• Description: A cloud-based, AI-enhanced platform that leverages proprietary models for risk mitigation.

• Key Features:

• Immediate return on investment.

• Fully scalable, low-code/no-code usage.

• Integrated solution for various compliance and risk management needs.

• Solutions Offered:

• Sanctions & Watchlist Screening: Real-time screening of sanctions, PEPs, and adverse media.

• Adverse Media Screening: AI-enabled negative news screening across global data.

• Perpetual KYC: Proactively monitor and mitigate risks with ongoing updates.

• AML Investigations: Comprehensive platform for anti-money laundering strategies.

• Enhanced Due Diligence: In-depth risk analysis with unmatched data access.

• Counterparty Credit Risk: Screen and evaluate credit risk systematically.

• Country Risk Ratings: Assess global investment opportunities and jurisdictional risks.

Recent Developments

• Recent Developments in the Company:

• Introduction of HyperScan to enhance compliance professionals' ability to conduct web searches for financial crime activities.

• Launch of Sigma360 Global Risk Event Tracker.

• Achievement of SOC 2 Type II Compliance Certification in January 2024, demonstrating commitment to high security and control standards.

• New Products Launched:

• Entity Risk: An important efficiency upgrade for adverse media screening.

• New Features Added to Existing Products:

• Winter Product Update & Feature Enhancement Release in February 2024 (the specifics of the updates were not listed).

• New Partnerships:

• Partnered with consulting and investigation firms, including FiveBy Solutions, to enhance service provision related to AML and KYC.

Data Dictionary

• PEPs: Politically Exposed Persons

• AML: Anti-Money Laundering

• KYC: Know Your Customer

• KYB: Know Your Business

• SOC 2 Type II: A compliance framework defining criteria for managing customer data, based on five "trust service principles" — security, availability, processing integrity, confidentiality, and privacy.

• AI: Artificial Intelligence