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: Potential and pitfalls of large language models and generative AI apps

Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also...

BLOG

S&P Global Market Intelligence Reviews Regulatory Reporting

Resourcing and data quality management are the biggest barriers to effective, accurate and cost-effective transaction regulatory reporting, according to S&P Global Market Intelligence’s annual Global Regulatory Reporting Survey – but it’s not all bad news, with the report noting that financial markets are better prepared for regulatory changes coming in 2024 than in any previous...

EVENT

RegTech Summit New York

Now in its 8th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...