Enigma Technologies, Inc.

Enigma is at the forefront of helping institutions with the technology and data needed in the fight against financial crime. Learn more here about our Sanctions Screening program: https://lnkd.in/gbYxRrYz

The Washington Post uses Enigma to explore sanctions imposed by OFAC over the decades, both as an economic policy and national security measure. The growth in volume and complexity of sanctions compliance has been a difficult challenge for regulated institutions and Government. https://lnkd.in/gcCAz5p4

Top-growing retail subcategories vary by state. Consumers are fixing cars, rather than buying new ones amid a chip shortage affecting new car production: California saw revenue from motor parts dealers rise 15%, while Ohio saw tire dealer revenue growth up 81%. In Michigan and North Carolina, meanwhile, accessories posted outsized growth. Learn more: https://ow.ly/mE9750SCAsv #EnigmaInsights #RetailTrends #RetailData

Pharmacies and motor vehicle dealers led the pack in US retail growth in 2023 at 5% and 4% respectively. Warehouse clubs, used car dealers, and women's clothing stores round out the other top five categories. Learn more: https://ow.ly/gTfu50Sz5Vu #EnigmaInsights #RetailGrowth #IndustryTrends

Payment processor dominance varies by retail category. 46% and 34% of clothing stores, for example, use PayPal and Shopify, respectively, while under 10% use other processors like Adyen, Braintree, Square, or Stripe. However, in electronics, Stripe is the second most popular processor behind PayPal. Learn more: https://ow.ly/n2vL50SmtSi #EnigmaInsights #PaymentProcessors

Organic and healthy grocery stores experienced outsized growth during the pandemic with YoY revenue up as much as 15% in Vermont in 2020 and 16% in Minnesota in 2021. While average growth slowed in 2023, Vermont and Minnesota continued to be pack leaders and Iowa, Florida and Oregon also saw an acceleration in this category. Learn more: https://ow.ly/zKbM50ShpKR #EnigmaInsights #OrganicGroceryGrowth #FoodIndustry

Post-pandemic, apparel businesses are continuing to invest in e-commerce. However, not all apparel subcategories are created equal. More apparel businesses focused on bags, swimwear and baby clothing offer a direct e-commerce channel. Tuxedo, bridal, and orthopedic shoe businesses, meanwhile, are less likely to offer online shopping for their specialty products, with under 5% of these sorts of businesses offering direct e-commerce services. https://ow.ly/TbOF50Sa6Mj #EnigmaInsights #RetailInsights #EcommerceTrends

Ready to future-proof your AML compliance strategy? Join our exclusive webinar on AI-driven solutions for fintechs and sponsor banks on Tuesday, May 28, at 10am PST. 🎙️Meet Our Expert Panel: - Dan Alexander, VP of Financial Crime Compliance at Airwallex - Ethan Singleton, Principal Advisor at FS Vector - Jason Mikula Founder of Fintech Business Weekly - Saurabh Bajaj, Chief Product Officer at Oscilar What we'll cover: - AML challenges for fintechs & sponsor banks - Limitations of current tools - The transformative potential of AI/ML Save your spot now: https://lnkd.in/eBBDgFvM

As shoplifting increases, store closure rates rise. Enigma’s data – tracking both store closures and openings – found peaks in closures in late 2021 and late 2022 in San Francisco. These closures follow a similar pattern to the Council on Criminal Justice’s shoplifting data in San Francisco. In November 2021, for example, store closure rates doubled month-over-moth while shoplifting increased from 38% to 60%. In December 2021, however, both closures and shoplifting significantly decreased. Learn more: https://ow.ly/39NP50RGiac #EnigmaInsights #RetailTrends #ShopliftingData #StoreClosures

We're happy to kick off our partnership with Oscilar and to help risk teams to approve more applications at onboarding. Customers will now be able to access Enigma’s merchant transaction signals data through Oscilar to identify more creditworthy SMBs.