The FinTech Impact Report: Working through the world’s to-do list #FinTechforPeace 02 | INCREASING TRUST, 27% of FinTechs reduce corruption and TRANSPARENCY & COMPLIANCE improve compliance91 Trust is the bedrock of the perceived value of money and Catalysing industry trust through streamlined vendor selection: Eliminating the is critical to the financial sector. In an increasingly digitised traditional friction points between financial institutions and FinTech startups, world, fostering this trust requires transparency and TechPassport offers a unified, secure platform to expedite vendor partnerships and innovation. By co-developing a comprehensive, enterprise-ready questionnaire steadfast compliance. FinTech plays a key role in with 14 global banks, the platform not only simplifies the vendor selection process addressing these pillars, with 27% of FinTechs positively but also cultivates a culture of transparency, compliance, and trust across the impacting the SDG on corruption and improved financial sector. 90 Reducing corruption for trusted institutions: Behavox is a security software compliance. company specialising in communication surveillance. As a market leader in the application of Artificial Intelligence to monitor text and voice communications, Solutions range from the likes of Behavox monitoring Behavox’s software protects companies and their employees from illegal and behaviours and flagging non-compliance in capital malicious activities. markets trading, to due diligence on FinTechs themselves – something TechPassport has pioneered by using pre- onboarding checks to build confidence in FinTech firms among enterprise procurement teams. 47