Resistant AI has deployed its AI and machine learning financial crime prevention solution to financial crime risk data and detection technology platform ComplyAdvantage, in a new deal.
The partnership opens the general availability of their solution for fighting financial crime across the US and Europe.
By adding Resistant AI’s capabilities to ComplyAdvantage’s transaction risk monitoring platform, they hope to extend the AML and anti-fraud protection. Businesses will be able to detect previously unknown patterns of behaviour and identify new risks faster.
They will also access alert prioritisation so they can focus on the highest risk areas and make the best use of their investigative resources.
The companies also claim the new tools mean firms can move to a dynamic approach to financial crime that uncovers novel behaviour as it happens.
Speaking on the partnership, ComplyAdvantage founder and CEO Charlie Delingpole said, “In a complex, rapidly shifting world, criminals continue to find new ways to exploit financial services to launder the proceeds of their crimes. At ComplyAdvantage, we are passionate about giving our clients the best tools to protect themselves – and their customers – from these bad actors and fight back. The addition of Resistant AI’s capabilities will allow our clients to do just that.”
Resistant AI founder and CEO Martin Rehak added, “We are delighted that our joint solution is now available to drive game-changing efficiency gains. Alert prioritisation, the ability to make systems more effective and identify previously unknown risks enables the most effective use of investigative resources and ensures a true risk-based approach.”
Earlier in the year, ComplyAdvantage released its new tool ComplyTry. This solution allows anyone to verify prospective customers by leveraging live sanctions, politically exposed people (PEPs) and adverse media data.
Resistant AI also hit recent headlines. It previously deployed technology into Netherlands-based B2B FinTech FINOM to bolster AML measures.
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