About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

HSBC Extends Partnership with Silent Eight to Include AI-based Transaction Screening Solutions

Subscribe to our newsletter

HSBC has expanded its partnership with Silent Eight, a RegTech firm that partners financial institutions to fight financial crime, with the implementation of the company’s Automated Alert Closure for Transactions, a solution that automates investigation and resolution of alerts in real time. The company already provides HSBC with name screening and adverse media automation solutions.

“In the realm of financial transactions, precision is paramount,” says Chris Pratt, group head of transaction screening at HSBC. “Working with Silent Eight is not only about driving efficiency in screening, but also about ensuring accuracy. Our further investment in Silent Eight technology underscores our strategy to deliver safe automation and improved outcomes for our customers.”

Ben Rayner, regional head for UKI and EMEA at Silent Eight, adds: “HSBC has demonstrated its ongoing commitment to operational excellence and innovation within financial crime. We are proud of our long-standing relationship with the company and its desire to adopt cutting-edge technology to reach its goals.”

Silent Eight uses AI to automate the alert screening investigation and closure process by replicating human reasoning and decision making based on historical case data and continuous learning. It helps financial institutions reduce false positives, increase accuracy, and enhance auditability of compliance operations. The company is headquartered in Singapore, has offices in New York, London, Warsaw, and Bangalore, and names not only HSBC, but also Standard Chartered and First Abu Dhabi Bank among its customers.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

ThetaRay Extends Agentic AI into AML Investigations with Ray

As regulatory expectations around anti-money-laundering (AML) effectiveness continue to rise, many financial institutions are finding that the greatest operational pressure now sits in investigations rather than detection. While transaction monitoring models have advanced, the downstream work of reviewing alerts, assembling evidence and documenting decisions remains labour-intensive and difficult to standardise. ThetaRay is addressing this challenge...

EVENT

TradingTech Summit New York

Our TradingTech Summit in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...