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HSBC Extends Partnership with Silent Eight to Include AI-based Transaction Screening Solutions
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….
Napier AI Plans Growth Following £45 Million Investment from Crestline Investors
Napier AI, a London-based financial crime compliance RegTech, has received a £45 million investment from US-based institutional alternative asset manager Crestline Investors. The investment will be used to accelerate Napier AI’s business expansion in coming years and enable the company to continue developing and providing financial institutions with next-generation screening and monitoring solutions powered by…
Saifr Acquisition of Giant Oak Solution Adds Adverse Media Screening and Monitoring
Saifr, a Fidelity Investments company, plans to extend its RegTech capabilities with the acquisition of GOST, an AI platform developed by Giant Oak to deliver adverse media screening and monitoring. The addition is expected to provide financial institutions with broader functionality across regulatory intelligence, due diligence, risk management analytics and continuous monitoring, and help them…
NICE Actimize GenAI Solutions Cut Crime Investigation and SAR Filing Time
NICE Actimize, a provider of financial crime, risk, and compliance solutions, has released generative AI solutions designed to reduce the time and manual effort traditionally required for financial crime investigations and compliance reporting. The company suggests the solutions offer up to a 50% decrease in investigation time and a 70% reduction in Suspicious Activity Reporting…
Ascent Technologies Adds Horizon Scanning with Acquisition of Waymark
Ascent Technologies, a Chicago-based vendor of AI-enabled compliance automation solutions, has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. The move follows Ascent’s recent acquisition by Edgewater Equity Partners. Waymark’s horizon scanning tools augment Ascent’s obligations management technology, with the combined company now able to offer regulatory coverage of the…
Fenergo Adds Client Lifecycle Solution to AWS Marketplace
Fenergo, a provider of digital solutions for Know Your Customer (KYC), transaction monitoring and Client Lifecycle Management (CLM) has made its software-as-a-service (SaaS) CLM solution available on Amazon Web Services (AWS) Marketplace. AWS customers can streamline the procurement and purchase of Fenergo’s CLM directly within an AWS Marketplace account and unlock any AWS incentives, discounts,…
Napier Extends Availability of Continuum AML Compliance Solution
Napier, a London-based financial crime compliance RegTech, has extended the availability of its Anti Money Laundering (AML) platform, Napier Continuum, through two new service offerings: Napier Continuum Live and Napier Continuum Flow. Napier Continuum Live is a plug-and-play hosted offering that brings the benefits of the platform’s client screening and transaction monitoring to organisations looking…
SS&C and Regnology Collaborate to Ease Risk and Regulatory Reporting
SS&C Technologies, a provider of financial software and services, has made a strategic partnership with Regnology, a regulatory reporting and data company, to help clients meet upcoming regulatory requirements from the European Banking Authority (EBA). The collaboration is building a joint solution developed by SS&C Algorithmics and Regnology that addresses a wide range of needs…
Best Practice Approaches to Trade Surveillance for Market Abuse
Market abuse is a problem, a very big problem for financial institutions that fall on the wrong side of regulation. Penalties include eye-watering fines, reputational damage and, ultimately, custodial sentences of up to 10 years. Internally, market abuse triggers scrutiny of traders and trading behaviours, a lack of trust and the potential need for significant…
Apiax Releases AI Policy Assistant
Apiax, a Zurich-based provider of embedded compliance products, has released a solution designed to improve operational efficiency and accuracy of policy searches. The solution is a synthesis of Apiax’s compliance expertise, rule-based technology, and Generative AI, and allows financial institutions to access and verify company policy details with ease. The company’s so-called AI Policy Assistant…