Steward | Your partner in crime

Steward | Your partner in crime

Can Sumo Wrestling be Adverse Media?

Hi ! Welcome to Steward! Expect to experience compliance magic where no magic has gone before - the investment world.

Product Release: Say goodbye to the “Out of Date” Proof of Address 👾

Nothing hurts more than completing an onboarding and waiting 2 weeks to hear back that your utility bill was 1 week too old! What seems a simple problem is actually one of the biggest factors of failed KYC.

Therefore, we made sure to fix this once and for all with our ✨ Proof of Address Validator ✨. Steward makes sure that documents are recent, whether it is a utility bill, council tax, mortgage statement or even the financials of your company! “Out of Date” just became a thing of the past! See it in action below:

👀 Did you know → The average onboarding process for a new corporate client can take up to 100 days (McKinsey, 2022)! Thankfully, Steward is reducing this be a factor of 100!

Get in touch to check it out in a live demo.

Key Highlights this month 🚩 

Say hello to your new Stewards!

Arik @ SuperReturn presenting Steward!

Crime Treasures 💰

Finance Minsters, why raise tax when you can raid some money launders? Take for instance the money laundering "butler" who is helping £5.5bn in Bitcoin makes its way into the UK Treasuries' pockets.

Seng Hok Ling pleaded guilty to AML offences relating to a hoard of 61,000 Bitcoins. According to Sky News "The seized assets have reportedly been earmarked by Chancellor Rachel Reeves to help plug the hole in the public finances."

Morale of the story, tax the launders 🫧 💵 ?

Meme of the Month 🚀

Pablo waiting for implementation of legacy AML software

Imagine having to make a decision that you will only see the value in 2 years from now - this is what enterprise firms have to contend with. By the time they implement software, the market has already moved on (this is particularly the case as we see AI companies leap ahead). AI is really changing the way we can think about both customisation and migration tasks. We can now iterate faster and migrate data quicker than ever before.

Random Quirks 🕵️

“The bigger you are the harder you fall”

Grand Sumo Tournament London

For the first time since 1991, the Grand Sumo Tournament is back in London, and our team were out to see it!

It is crazy to hear that the Sumo world is down to 600 wrestlers and many of the best come from Ukraine or Mongolia.

The most amazing fact is that 700kg of rice, 1,000 packs of instant miso soup, 1,050 onigiri, 400 Soy Sauce bottles and 750 instant noodles packs wasn’t enough to feed these guys!

Key Learning: We respect anyone that can throw 190kg (420 lbs) of body mass like it was a piece of Lego.

Did You Know? Adverse Media is BIG in Sumo Wrestling! In 2011, an investigation uncovered text messages that appeared to provide evidence of match-fixing among sumo wrestlers and stablemasters. As a result, 23 wrestlers were expelled, and a Grand Tournament was cancelled!1

Until next time,

Arik, Chief Compliance Nerd

Moshe, Chief AI Officer

Footnotes