Why Dow Jones Has Increased Its Investment in Ripjar

November 08, 2024

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This collaboration is particularly significant in the context of Dow Jones Risk & Compliance

Dow Jones has increased its investment with Ripjar for the companies ability to strengthen its analytics and compliance services

In increasingly digitised financial technology and risk management, where portfolio-effecting information can travel across the world in an instant, staying abreast of the developments is crucial.

Recognising this, business insights company Dow Jones is expanding its ownership stake in Ripjar, a data intelligence software, to usher in new cutting-edge AI solutions to the risk and compliance community.

"It's our mission to deliver the world's most trusted journalism, data and analysis to help people make decisions,” says Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal. "Our increased investment in Ripjar helps Dow Jones in serving the growing global Risk and Compliance community,"

Almar Latour, CEO of Dow Jones

A look at Ripjar

The financial sector faces increasingly complex challenges, from sophisticated money laundering schemes to evolving cybercrime threats.

In this environment, the partnership between Dow Jones and Ripjar represents a powerful convergence of traditional financial acumen and cutting-edge security technology.

The partnership is an expansion which began in 2018, with Dow Jones announcing an equity investment in Ripjar in 2023.

This is because their partnership yielded advanced risk screening and monitoring solutions to thousands of compliance customers.

Ripjar is able to do this due to their suite of software products that combine automation, AI and data visualisation to address complex risk and security management problems at scale.

One of Ripjar's flagship products, Labyrinth for Threat Investigations (LTI), exemplifies the company's approach to security.

LTI is designed to provide a comprehensive, enterprise-wide approach to threat exploration, utilising data fusion to address both physical and cyber threats.

This holistic approach is crucial in today's interconnected world, where threats often transcend traditional boundaries between physical and digital domains.

Ripjar's platforms leverage advanced AI-powered analytics, including natural language processing for entity extraction and identity resolution. This technology enables organisations to monitor and investigate threats with unprecedented efficiency and accuracy.

The synergy with Dow Jones

The partnership between Dow Jones and Ripjar creates a powerful synergy.

Dow Jones brings to the table its vast resources of financial data and its reputation as a trusted source of information.

Ripjar, on the other hand, contributes its cutting-edge technology and expertise in threat detection and analysis.

Dow Jones's Executive Vice President and General Manager of Risk & Research Joel Lange will work closely alongside Ripjar's newly appointed CEO Tom Obermaier and majority investor Long Ridge Equity Partners to grow its operations internationally, as well as supporting new and existing customers to navigate a complex compliance landscape.

This collaboration is particularly significant in the context of Dow Jones Risk & Compliance, a division that has seen remarkable growth.

In fiscal year 2024, the business grew 16% year-over-year, reaching nearly US$300m in revenues. This growth underscores the increasing demand for sophisticated risk management tools in the financial sector.

Equally, the increased investment in Ripjar by Dow Jones signals a broader trend in the financial industry towards adopting more sophisticated, AI-driven approaches to risk management and compliance.

As financial crimes become more complex and regulatory landscapes evolve, the need for advanced tools to detect and mitigate risks becomes paramount.

AI in aiding financial information

The combination of Dow Jones's vast data resources and Ripjar's advanced technology platforms positions both companies at the forefront of the fight against financial crime and cyber threats.

In an era where data is increasingly becoming the lifeblood of financial operations, partnerships like this one between Dow Jones and Ripjar are likely to shape the future of risk management and compliance in the financial sector.