Tag: Quantifind

Adverse media screening is a grey area. It is not particularly clear if it is a legal requirement, but some banks have been flagged for engaging with illicit people, which a simple adverse media search would have told the bank not to engage that person.

The current way banks are handling money laundering alerts is not sustainable. If they do not want to continue rapidly expanding compliance teams each year, they need to look towards automation technology.

AI technology can help financial institutions reduce the amount of daily customer alerts they receive.

The US Congress passed the Anti-Money Laundering Act 2020 and could be one of the most impactful changes to AML for two decades.

Quantifind, which has built a SaaS solution used by banks to automate name screening and financial crimes investigations, has launched Chinese language support for its Graphyte platform.

The newly enforced Anti-Money Laundering Act of 2020 (AMLA) in the US makes it more important for financial institutions to clear their alert backlogs.

InsurTech and cybersecurity companies were among the 34 FinTech companies that raised money last week, but Covid-19 continues to haunt the industry.

Quantifind, a provider of solutions that use data science to help automate financial crimes investigations, has raised a $22m round.

Quantifind, a SaaS platform designed to automate financial crimes investigations and screening, has formed a deal with the Defense Innovation Unit (DIU) within the U.S. Department of Defense.