Financial data provider Refinitiv announced the planned expansion of its suite of financial crime solutions into the wealth management industry.

The push into the Wealth and Advisory segments is set to expand on Refinitiv’s World-Check Risk Intelligence and designed to help wealth managers simplify their day-to-day risk management, onboarding, and monitoring decisions through AI and cloud computing.

The expansion into new market segments follows the company’s recent string of partnerships, which have enabled it to expand its Know Your Customer and due diligence solutions further into retail, wealth, and private banking segments.

Refinitiv announced June 4 that it is partnering with financial technology company Trulioo to deploy advanced digital identity verification and biometric technology to help financial services firms reduce fraud and financial crime by verifying billions of customers online.

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