Online screening for:
Financial Services
Keep your business free of toxic behavior.
Banks, hedge funds and other financial institutions are highly regulated and under significant amounts of scrutiny for a reason – their individual actions have the potential to impact millions of people. Many large financial services firms have recognized this risk, and were some of the “first movers,” building programs to detect and eliminate toxic behaviors.
Take control of your biggest risks
Ongoing Litigation and Turnover
Despite the financial incentives, more and more women are leaving the industry over long-standing cultural issues around bias and sexual harassment. As the intolerance for such behavior swells, companies that fail to take action risk not only experiencing a major drain on top talent but also paying millions of dollars in settlements.
Brand Damaging Headlines About Culture
Even when employees don’t sue for hassment or discrimination, accusations alone can leave a brand exposed. Questionable executive and employee behaviors have led to reputational termination clauses becoming the standard in M&A agreements, and many financial services firms can ill afford to allow harassing or threatening cultures to spread within their business.
Data Breaches and Insider Threats
According to our research, finance companies have about twice as many job candidates with indicators of criminal activity online. A growing amount of insider threats are being traced back to public online activity, and with the average data breach costing $3.9 million, having the ability to surface risky behaviors is now more important than ever.
Take control of your biggest risks
Ongoing Litigation and Turnover
Despite the financial incentives, more and more women are leaving the industry over long-standing cultural issues around bias and sexual harassment. As the intolerance for such behavior swells, companies that fail to take action risk not only experiencing a major drain on top talent but also paying millions of dollars in settlements.
Brand Damaging Headlines About Culture
Even when employees don’t sue for hassment or discrimination, accusations alone can leave a brand exposed. Questionable executive and employee behaviors have led to reputational termination clauses becoming the standard in M&A agreements, and many financial services firms can ill afford to allow harassing or threatening cultures to spread within their business.
Data Breaches and Insider Threats
According to our research, finance companies have about twice as many job candidates with indicators of criminal activity online. A growing amount of insider threats are being traced back to public online activity, and with the average data breach costing $3.9 million, having the ability to surface risky behaviors is now more important than ever.
Financial Services, by the numbers
$10m
Settlements paid by UBS for a harassment and retaliation verdict
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$54m
Settlements paid by Morgan Stanley paid for sex discrimination
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$150m
Losses incurred by Capital One after a largely preventable data breach
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20%
of all cyberattacks are made on the financial services industry
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60%
of women in financial services have experienced sexual harassment
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90%
of bankers say that senior leadership is responsible for culture change
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Next Generation Online Screening for Financial Services
Fama is an AI-based software solution that identifies problematic behavior among potential hires and current employees by analyzing publicly available online information. Historically, there hasn’t been a viable solution for companies that want to prevent hostile workplaces or protect brand equity by minimizing IP theft, insider trading, and other insider threats.
Our solution highlights behaviors that pose a risk to financial services organizations, and surfaces threats that are often hidden in reams of publicly available data. Banks, hedge funds, and financial institutions count on Fama to help them intervene on problematic behaviors before they become a part of their culture, or worse yet, a news headline or incident.
How Fama Can Help
You...
Prevent Damaging Behaviors
Minimize Data Breaches
Ensure Regulatory Compliance
Further Reading
Get in Touch!
Don’t let the world find
bad online content before you do.
One of our team members will reach out to you directly.