Wednesday, November 20, 2024

Silent Eight Named Among Top 100 Financial Technology Companies of 2024

Silent Eight is honored to be recognized as one of the Top 100 Financial Technology Companies of 2024 by The Financial Technology Report. This prestigious award underscores our ongoing commitment to providing cutting-edge, AI-powered solutions that help financial institutions combat financial crime, streamline compliance and AML risk management.

“We are thrilled to receive this recognition from The Financial Technology Report,” said Martin Markiewicz, CEO of Silent Eight. “This award reflects our team’s dedication to creating a safer and more transparent financial landscape. By empowering investigators to focus on complex, high-priority cases and making every decision fully auditable, we are setting new standards for transparency, efficiency, and compliance.”

Markiewicz added, “Silent Eight partners with some of the largest financial institutions in the world, enabling them to deploy our advanced technology in high-risk use cases to tackle financial crime, terrorism financing, and human trafficking.”

Unlike typical "black box" AI systems, Silent Eight’s technology is designed with transparency at its core. Every decision is fully auditable and supported by a clear and explainable rationale, making it straightforward for analysts to understand as well as safe and easy for institutions to submit for external audits. "This recognition from The Financial Technology Report validates our team's commitment to developing cutting-edge, AI-powered solutions that help financial institutions combat financial crime," confirmed Markiewicz.

By leveraging generative AI, Silent Eight ensures that its recommendations and decisions are not only robust and accurate but also fair, reliable, secure, and free from bias. Transparency and explainability are central to the design of Silent Eight’s solutions, empowering financial institutions to strengthen their AML defenses with confidence. To achieve this, Silent Eight replicates the decision-making process of highly skilled investigators, enabling financial institutions to detect and mitigate risks with unparalleled precision and trust.

Silent Eight’s technology is transforming compliance by partnering with financial institutions to:

  • Streamline anti-money laundering (AML) processes

  • Builds trust through explainability and clarity ensuring regulatory compliance and robust internal governance

  • Future-proof operations with flexible deployment options: on-premise, cloud, and hybrid solutions

This award marks a key milestone for Silent Eight as we continue to innovate and lead the way in the fight against financial crime. We remain committed to empowering financial institutions to identify and manage risks with speed, precision, and efficiency.

To learn more about Silent Eight’s solutions, contact sales@silenteight.com

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