K2 Intelligence FIN Undergoes Name Change, Forms New Company; Juan Zarate Quoted

K2 Intelligence FIN Undergoes Name Change, Forms New Company; Juan Zarate Quoted
Juan Zarate, global co-managing partner and chief strategy officer at K2 Integrity

K2 Intelligence Financial Integrity Network rebranded as K2 Integrity to express its commitment to helping clients address risks to business reputation, operations and security.

The New York-based company said it represents the K2-FIN combination that provides financial crime risk and compliance management, regulatory monitoring, advisory, training and investigative services to the public and private sectors.

“At a time when economic security and risks are growing more complicated globally, we have assembled the most impressive talent focused on helping clients revolutionize how they perceive and manage risk, creating a competitive business and reputational advantage in the marketplace through a fundamental commitment to integrity,” said Juan Zarate, global co-managing partner and chief strategy officer of K2 Integrity.

The rebranding effort comes after K2-FIN partnered with Arlington, Virginia-based data analytics software provider Giant Oak to form Consilient, a fintech company that aims to help financial institutions secure transactions using a system for anti-money laundering and countering the financing of terrorism.

“The current global AML/CFT system is an outdated model that requires a new 21st century design that allows financial institutions, authorities and other regulated actors in the financial system the ability to discover and manage evolving and complicated illicit financing risks to the financial system more proactively, effectively and efficiently,” noted Zarate, who serves as co-founder and chairman of the board at Consilient.

He added that the new entity will move to update the model in support of financial crime prevention policy goals.

According to Consilient, its machine learning-driven Dozer platform is built with Intel’s Software Guard Extensions suite and designed to support user collaboration while ensuring security and privacy of data. Dozer functions as a behavioral analytics tool to facilitate the identification of patterns across multiple datasets.

Intel SGX consists of security instruction codes intended to prevent unauthorized disclosure or modification of data and applications.

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