The Cross Industry Data Initiative
Creating new partnerships between financial institutions is a key objective of the Fund’s Global Finance portfolio. In 2020, GFEMS partnered with the Knoble and SAS Institute to support the Cross Industry Data Initiative (CIDI), which brought together over 135 financial crime professionals from over 60 institutions, who committed 1500 volunteer hours over three months to the project. Together, they identified 25 different areas in which financial sector actors can improve collaboration and partnership. Organized into themes, these new networks are focusing on creating solutions for policy, detection and prevention, victim assistance, and tech and data enablement.