The Knoble Welcomes Partnership with RedCompass Labs
The Knoble announces a partnership with RedCompass Labs to expedite the detection of human trafficking traces within financial services organizations using its RedFlag Accelerator. A holistic and practical model, RedCompass RedFlag Accelerator is used by tier-one financial institutions, leading human trafficking organizations, and law enforcement.
“Ensuring that any bank of any size has access to the critical insights needed to support financial institutions in detecting human trafficking demands continuous and effective collaboration”, said Jonathan Bell, senior partner, RedCompass Labs.
“Upon meeting The Knoble team, it was clear that we share a deep commitment to utilizing our common expertise to drive change in the financial sector.”
International cooperation is crucial in order to address the constantly evolving complexities of human trafficking. RedCompass Labs’ experience in the U.K., Europe, Japan, and Southeast Asia combined with The Knoble’s presence in the United States will expand the RedFlag Accelerator’s international reach and impact.
“We are excited to be working with RedCompass Labs as we leverage their outstanding expertise in payments, financial crime, and data science,” said Shawn Holtzclaw, Executive Director of The Knoble.
“A comprehensive list of red flags, implemented and in use for real-time detection, is a key ingredient in the fight against human trafficking. Working with The Knoble Network will serve as the launching point for the next advancements in detection,” said Ian Mitchell, Founder, and Chairman of The Knoble.
Through the partnership, RedCompass Labs also becomes a founding corporate sponsor of The Knoble, with Bell joining its strategic advisory board, and the two organizations will collaborate on continued initiatives in the ongoing fight against human crime.
