GRC Announcements

QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, helps financial institutions file timely and accurate suspicious activity reports (SARs) that match FinCEN’s recently revamped SAR filing format in the BSA E-Filing System.

Senzing, a new artificial intelligence-based software company, recently announced the launch of its Senzing software that senses who is who in real time across multiple Big Data sources.

Steele Compliance Solutions on June 25 announced its acquisition of TransparINT, a technology company harnessing artificial intelligence (AI) to provide the next generation of compliance tools.

HID Global has introduced a new cyber-threat and fraud detection service that brings artificial intelligence and machine learning to identity and access management, addressing the rising incidents of cyber-attacks, especially against financial institutions.

Exiger, a global regulatory and financial crime, risk and compliance firm, recently announced a partnership with professional services firm KPMG in the U.K. to help enrich and streamline compliance solutions for its global corporate and financial institution clients.

Waymark Technology, a provider of regulatory intelligence software headquartered in London, announced the launch of a new AI-powered tool that automatically identifies regulatory crossovers and conflicts between incoming EU regulations.

QuantaVerse recently announced the launch of CCO Checkup, a free service financial institutions can use to test the effectiveness of their AML programs, empowered by  QuantaVerse’s AI solution that analyzes transaction data to detect “false negatives” or anomalous behaviors that may have been missed by an institution’s existing transaction monitoring system.

NICE Actimize has launched NICE Actimize Robotic Process Automation, a sophisticated technology that frees up investigators from low value, high volume manual tasks so that they may better focus on more important and strategic tasks.