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See how Silent Eight is transforming the financial industry across the globe.
Insights | 2020-08-02
What Keeps Money Launderers Up at Night?

If you’re laundering money or financing terrorism, what keeps you up at night? Beyond the day-to-day intrigues of a life of crime, you have a money trail to worry about. Sure, you fear the sophisticated law enforcement and intelligence agencies with the power to track you, shut you down, and put you behind bars. But…

Insights | 2020-07-22
Gaming the System

If you’re trying to get from Point A to Point B without getting caught by the authorities, you’re likely to head for the backroads where there are fewer police than on the highway. For the same reason, an increasing volume of illicit financial flows – money laundering, terrorist financing, and sanctions evasion – has been…

Insights | 2020-06-23
AI and Correspondent Banking: De-Risking Doesn’t Need to Mean Goodbye

Correspondent banking represents one of the most vexing dilemmas for financial institutions and those who regulate them. On the one hand, it has long been a key mechanism for integrating developing countries into the global financial system and giving them access to the capital they need. On the other hand, correspondent banking relationships are inherently…

Insights | 2020-06-01
Artficial Intelligence Still Sounds Scary, Why?

I’ve been working in the financial services space for close to thirty years now, writes Jim Logan, SVP, Regional Sales, US & Latin America, Silent Eight. I’ve seen many trends and technologies emerge. Some take hold, several are just a flash in the pan. Regardless of how long a concept sticks around, one thing remains: Terminology…

Insights | 2020-05-19
What more is there to say about AI in the world of financial crime? Plenty.

A lot’s been written about the impact of the coronavirus pandemic on Anti-Money Laundering (AML), sanctions, and other efforts to combat financial crime. The conclusion is always the same: things are far worse now, and will be for the foreseeable future. Vulnerable populations are more at risk of exploitation due to the economic side effects…

Insights | 2020-05-18
Using Agile AI to truly Know Your Customer – FTT Chats Episode 6

Martin Markiewicz, CEO, Silent Eight joins us for our ongoing series – FTT Chats – where we sit down with the great and the good of FinTech to discuss innovation, new entrants, emerging technologies and, what we all hope will be a temporary topic, the current pandemic. In this FTT Chat, Markiewicz discusses artificial intelligence, combating fraud and…

Insights | 2020-05-01
How can AI Help Banks Cope with Compliance Challenges Linked to the Coronavirus?

In the midst of the Coronavirus pandemic, banks have seen an increase in compliance alerts attributable to three developing factors. What are the three factors? Lockdown restrictions have led to reduced in-person banking and an increase in digital transactions, meaning that physical compliance measures such as ID-checking are no longer possible.Government funding and charitable donations…