Paris, FranceAurexia today announced the publication of its first ever “Finlab Index.” The publication highlights 12 financial technology firms from around the world that “offer innovative solutions to support financial services players in their transformation.” Additionally, the index includes only technology solutions with an established global presence. Among the 12 named in the report, Silent Eight was recognized for its innovation in managing anti-money laundering and terrorist financing alerts in real-time.

“In the context of increased regulation and very high sanctions, managing AML/TF alerts represents for financial services a real challenge in terms of governance, processes, tools and data quality,” said Anais Richex, Senior Manager at Aurexia.

“Despite access to a large quantity of data and a rich variety of technologies, common tools are imperfect as they still generate a high volume of false positives, which can require extensive manpower to remediate in a reasonable time frame. Today financial actors are looking for flexible tools that can easily adapt easily to legacy IT infrastructure.”

The index was released this morning in a live webinar, where each Fintech presented its solution. The official document is available via download here.

About Silent Eight: Headquartered in Singapore, with offices in London, New York, Chicago, and Warsaw, we are a technology company whose mission is to enable financial institutions to fight global crime with the use of our AI.  Our name screening solution works with a client’s existing due diligence process to solve every alert and reduce regulatory risk.  We are currently used by top tier banks around the world.

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