The partnership will integrate Dow Jones’ Risk & Compliance APIs into Cytora’s platform, providing insurers with the ability to conduct sanctions checks and meet regulatory requirements with greater ease and efficiency.
Cytora, the digital risk processing platform, and Dow Jones Risk & Compliance have partnered to help insurers increase their ability to manage compliance risk through AI-driven workflows.
Dow Jones’ Risk & Compliance APIs offer a comprehensive range of data and analytics capabilities, including sanctions and watchlist screening, politically exposed persons (PEPs) identification and adverse media checks, which can be used by insurance underwriters to manage compliance risk and meet regulatory requirements.
Through this partnership, insurers will now have the ability to easily integrate Dow Jones’ Risk & Compliance APIs within Cytora’s industry-leading risk digitisation platform, allowing them to streamline the compliance process and improve their overall risk management capabilities.
The partnership builds on a growing ecosystem of data and insight providers pre-integrated into the Cytora platform, which enables insurers to have a more holistic view of risk and make more informed decisions.
Juan de Castro, COO at Cytora, said: “As regulatory requirements become increasingly complex, insurers need a streamlined and efficient way to manage compliance risk. The integration of Dow Jones Risk & Compliance APIs into our platform will enable insurers to conduct sanctions checks and meet regulatory requirements with greater ease and efficiency, ultimately helping them to improve their overall risk management capabilities.”