The CyberTech100 is an annual list of 100 of the world’s most innovative CyberTech companies. These are the companies every financial institution needs to know about as they consider and develop their information security and risk management strategies.
London, 15th May 2023: Schwarzthal Tech recognised as one of the most innovative solution providers helping financial services firms fight off financial crime. The prestigious list recognises the world’s most innovative solution providers helping financial services firms fight off cyber attacks, protect customer information and mitigate digital risks from financial crime.
This year’s process to identify the leading 100 companies in the CyberTech space was more competitive than ever. A panel of analysts and industry experts voted from a list of over 1,000 businesses. The finalists were awarded a place on the list for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.
“Financial institutions are 300 times more likely to be the target of a cyber attack compared to other companies. As such security executives in financial services must stay on top of the latest innovation and threats in the market to proactively prevent data breaches and avoid reputational damage,” said Richard Sachar, director at FinTech Global. “The CyberTech100 list helps them do just that by identifying the top new technologies which can be part of an integrated cybersecurity risk management strategy.”
Schwarzthal Tech is an innovative London-based RegTech & FinTech startup creators of the leading-edge AI-driven financial crime intelligence platform, Wunderschild KYN™. Schwarzthal Tech aims to revolutionise the way compliance works in the financial sector by bringing a paradigm shift from the traditional KYC towards a new concept: Know Your Network™.
Schwarzthal Tech’s technology is being used at financial services institutions, Crypto/DEFI business and Corporate customers for 1st, 2nd and 3rd Level Defence of KYC/KYB in onboarding and ongoing complex financial crime investigations. Schwarzthal Tech helps to identify bad actors, criminal networks, insolvencies, charges, disqualified directors, politically exposed persons, adverse media and also monitor transactions in real-time or near real-time. Using cached data, Schwarzthal Tech’s data set includes past and present data, with a time travel scroll bar, that allows the user to view exactly how each corporate entity and person(s) connection(s) looked at the desired moment in time.
“We aim to disrupt the KYC paradigm by democratising the fight against financial crime. Wunderschild Know Your Network ™ provides one platform that covers both Investment Risk and Compliance Risk with advanced corporate network exploration, looking for Mr Smith in the Matrix,” said Marius-Cristian Frunza, CEO and founder of Schwarzthal Tech.
"With their innovative Know Your Network™ technology, Schwarzthal Tech provides a powerful, easy to use and groundbreaking graphical corporate network graph-based database exploration platform." said Richard Sachar, FinTech Global CEO.
This is the third consecutive year Schwarzthal Tech has made the prestigious list. “We’re delighted and honoured to be featured in the CyberTech100 list two years in a row,” Marius-Cristian Frunza, CEO and founder of Schwarzthal Tech, said. “The financial sector is among the primary targets of money laundering and bribery attacks, this recognition demonstrates the continued importance of our solution in the fight against financial crime. We are focused on constantly improving our product’s capabilities to match the threat landscape and helping financial institutions enhance their AML and KYN resilience.”
Schwarzthal Tech is the brainchild of Marius-Cristian Frunza, renowned expert and author of several books on the topic, including Introduction to the Theories and Varieties of Modern Crime in Financial Markets, Solving Modern Crime in Financial Markets and Value Added Tax Fraud. Marius-Cristian played a key advisory role in the production of the Netflix documentary Lords of Scam (2021), about the rise and fall of the scammers who defrauded the EU carbon quota system, in which he is also interviewed as a financial crime expert. Marius-Cristian came up with the idea for Schwarzthal Tech after witnessing first-hand how organised transnational crime networks infiltrated and abused the carbon emissions market in the 2000s, as a result of which tens of billions of dollars fell into the hands of criminals.
Schwarzthal Tech is planning an upcoming funding round.
Please have a look at the interview with Dr Marius-Cristian Frunza, CEO and founder.
The complete CyberTech100 list and detailed information on each listed company is available to download at www.CyberTech100.com.
About FinTech Global
FinTech Global offers the most comprehensive data, the most valuable insights and the most powerful analytical tools available for the global FinTech industry. We work with market leaders in the FinTech industry – investors, advisors, innovative companies and financial institutions – and enable them to get the essential intelligence they need to make superior business decisions.
The CyberTech 100 is an annual list of 100 of the world’s most innovative CyberTech companies. These are the companies every financial institution needs to know about as they consider and develop their information security and financial crime fighting strategies. A full list of the CyberTech100 can be found at www.CyberTech100.com. More detailed information about the companies is available to download for free on the website.
CONTACT DETAILS: FinTech Global, 1 Fore Street London, EC2Y 5EJ United Kingdom; Tel: +44 (0)20 7749 1281; Email: info@fintech.global
About Schwarzthal Tech
Founded in 2019 and headquartered in London, Schwarzthal Tech aims to revolutionise the way compliance works in the financial sector by bringing a paradigm shift from the traditional KYC towards a new concept: Know Your Network™.
Schwarzthal Tech is supported and backed by the multi-award-winning SFC Capital, the largest startup fund in the UK, the Mayor of London, London & Partners and accelerated by Startupbootcamp, the leading global accelerator in FinTech innovations.
CONTACT DETAILS: Schwarzthal Tech LTD, Devonshire House, 582 Honeypot Lane, Stanmore, London, United Kingdom, HA7 1JS; Tel: +44 (0)20 8088 2240; Email: contact@schwarzthal.com