In the News
See how Silent Eight is transforming the financial industry across the globe.
Fintech information platform Fintech Global has released its inaugural AIFintech100 list, identifying the 100 most innovative companies building artificial intelligence (AI) and machine learning (ML) solutions to serve the financial services industry.
This article showcases our top picks for the best Singapore based Artificial Intelligence companies. These startups and companies are taking a variety of approaches to innovating the Artificial Intelligence industry, but are all exceptional companies well worth a follow.
Asia has become the world’s fintech centre over the past decade, buoyed by brisk economic growth, innovative digital finance solutions, and regulatory openness.
As part of Transform 2021, we’re excited to announce the full list of nominees for the third annual Women in AI Awards. While only a handful will ultimately be chosen as winners across the five categories, we consider all the women below to be the trailblazers and innovators steadily advancing the vital contribution of women…
OTB Ventures has announced the launch of a new growth stage fund totalling €50.5 million. Through this fund, OTB Ventures plans a number of follow on investments in portfolio companies.
Large global financial institutions are utilizing advanced technologies like never before to help manage their regulatory compliance needs, driving major efficiencies within compliance, risk, and internal audit functions in the process.
Silent Eight is a technology company which uses advanced AI to create models for banks to help eliminate any financial crimes. Martin Markiewicz, Founder & CEO, Silent Eight, shares more about this and how they have successfully equipped banks in their battle against financial crimes.
Executives from two innovative regtechs, AutoRek and Silent Eight, help us understand why data analytics could be a key FSI focus for the next decade.
ABN Amro (AMS:ABN), a Dutch bank with headquarters in Amsterdam, and Rabobank, a Dutch multinational banking and financial services group, are reportedly working with research platform TNO in order to test technology that allows banking institutions to share data that’s used for identifying financial crime while maintaining customers’ privacy.
AN EXPERT IN FinCrime compliance has warned that the use of artificial intelligence in AML needs to be backed up by a robust understanding of how it works.
As financial institutions push out more digital products focused on speed and convenience, it creates additional points of vulnerability that fraudsters could exploit online. As a result, financial institutions are also expected to stay agile and deploy the latest technologies to protect their customers.
With the increased incidents of online threats and financial crimes, the right protective measures and technologies have to come together to help safeguard users and businesses; Matthew Leaney, Chief Revenue Officer of Silent Eight dives deeper in this chat.
Although the pandemic created more room for collaborative mindsets to move to centre stage, the evolution of ‘association’ has unified regions and businesses for generations. Organisational partnerships are not a new phenomenon, but much like the UK-JPN EPA, payments companies should recognise that they can strengthen their offering with merged know-how if they want to…
Asia has been home to wave of new initiatives in the RegTech space in recent years, and jurisdictions such as Hong Kong and Singapore are pushing hard to take the lead in the space as they seek to combat financial crime and gain a competitive advantage in the field.
Financial crime has risen during the pandemic, with criminal opportunists taking advantage of the unprecedented situation and disruption caused by COVID-19. With the attacks still coming as everyone lives are turned upside down, many are wondering how best to hold back the tide.
Online investment fraud has seen a rapid acceleration since the onset of the coronavirus pandemic, and much of society’s most vulnerable people are bearing the brunt.
This article showcases our top picks for the best Singapore based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
HSBC has signed a deal with artificial intelligence startup Silent Eight to provide anti-financial crime technology for the bank.
This December, The Fintech Times is asking industry leaders for their ‘View from the Top’ to gain an insight into the decisions behind the last 12-months. Today, we’re looking at the issue of Artificial Intelligence, hearing from Martin Markiewicz, Aheesh Chanda and Moeen Khan on their 2020 thoughts, plus a look ahead to 2021. Will…
Asia is home to 61% of the world’s population. In terms of Artificial Intelligence (AI), many countries are still in the early stages of development but have a high potential to scale returns.
Despite COVID-19 headwinds, Southeast Asia’s digital economy has remained strong and resilient, adding 40 million people into the online space this year.
With shrinking profits due to the financial impact of the pandemic and increasing regulatory costs, banks are looking to leverage tech to improve their compliance processes—providing a boon for regtechs, with the global market expected to reach $16 billion in 2025, up from $6.3 billion today.
As the COVID-19 pandemic intensified in this end of 2020, the South-East Asia startup ecosystem is forced to adapt to meet the changing landscape. However, while the outlook might have seemed grim, many startups were able to find opportunities for growth, especially in online markets.
These 33 FinTech funding rounds from last week highlight the rise of Scandi challenger banks, the importance of cybersecurity and how competition in the buy now, pay later space is heating up.
Standard Chartered uses the startup’s technology to help insulate it against risks arising from financial crime and money laundering
With the global outbreak of the novel coronavirus prompting the largest “work-from-home” experiment in history, many companies are now turning that forced experiment into a permanent reality.
Until now, consumer fintech has been all the rage, but recent funding rounds and exits might very well indicate that 2020 will be the year of business-to-business (B2B) fintech, according to Patricia Kemp, co-founder and managing partner at venture growth equity fund Oak HC/FT.
Despite widespread advances in anti-money laundering technology, experts doubt whether it will ever be able to match the capacity of criminals. There is even a belief that technology may only ever be as good as five to ten years behind what criminals can achieve at any point, a conference was told. Matthew Leaney, CRO of SilentEight –…
Financial technology, commonly known as Fintech, is the term used to define emerging technologies aimed at enhancing and automating the provision and usage of financial services. Fintech helps companies, businesses and customers in managing their financial processes and operations better through the use of specialized computer and smartphone software and algorithms. In the 21st century, when Fintech…
The Financial Technology Report is pleased to announce The Top 25 Women Leaders in Financial Technology of 2020. In uncertain economic times and as the demand for financial technology increases, these women have stepped up to the plate to aid the companies they serve in producing innovative, secure, and user-friendly solutions for businesses and individuals…
Martin Markiewicz, CEO of Silent Eight, discussed his company’s origins and top global clients with Efma’s Boris Plantier. What led to the creation of Silent Eight? Silent Eight was founded by a team of engineers and data scientists who are passionate about combating money laundering and terrorist financing to make the world a safer place. In…
In the second episode of Venture Matters TV discussed deep tech startups, the importance of Singapore for the ecosystem, and “zero to one” moments. “Nothing galvanizes like success.” Paul Santos knows what he’s talking about. His firm Wavemaker Partners sold four companies in the past year, creating about USD 400 million in enterprise value. “We…
Singapore – MAS announced in late April the establishment of an accelerator grant to enable growth in the sector and promote digital innovation in smaller Financial Institutions and Fintechs. The accelerator program supports the adoption of digital tools and system upgrades that facilitate business continuity by offering subsidies of up to 80% for Fintechs and FIs…
As the pandemic first spread across the globe, it left behind a trail of financial trauma, enticing financial and cyber criminals to crawl out of the woodwork to capitalize on the damage. According to financial insight provider Refinitiv, the number of global cases of financial crime have risen to 1,880,591 as of the end of…
COVID-19 continues to spread in Singapore with now more than 30,400 confirmed cases and over 20 deaths, according to the latest data from the John Hopkins University. Though the numbers continue to rise, with 614 new cases of COVID-19 infection being unveiled just on May 22, the government is planning to further ease restrictions starting next month. On the economic front,…
Being at the core of Anti-Money Laundering (AML) and Know Your Customer (KYC) initiatives, customer due diligence (CDD) processes help banks and financial institutions verify their customers and reduce risk factors associated with any transaction. However, some rudimentary challenges emerge during the CDD process owing to data quality, the lack of a centralized KYC database,…
Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight. The AI-powered anti-money laundering and counter-terrorism financing startup raised an oversubscribed US$6.2 million in the round, with OTB Ventures and Wavemaker Partners also participating. The capital will be directed at new hires, with plans…
SINGAPORE-HEADQUARTERED regulatory technology (regtech) startup Silent Eight has raised an oversubscribed US$6.2 million Series A round, it said on Wednesday. Capital raised will be used to hire new employees to support its pipeline of customers in banking and insurance. It has almost 50 people employed globally with 20 in Singapore, and plans to double global…
ABU DHABI, UAE, Aug. 28, 2019 /PRNewswire/ — Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is pleased to launch the inaugural FinTech Abu Dhabi Awards. The awards will be decided by an independent panel of industry experts and will recognise the contributions of leading figures in the FinTech ecosystem. ADGM welcomes nominations for the…
Hong Kong (CNN Business) – Doing business with the wrong kind of client can be extremely costly for banks. HSBC (HBCYF) had to pay $1.9 billion in 2012 to settle allegations that it allowed international drug cartels to launder billions of dollars across borders. ING (ING) took a $900 million hit in September after admitting criminals had moved money through…
British banking company Standard Chartered has partnered with Singapore based regtech Silent Eight to tackle financial crimes. Under the partnership, Silent Eight, which uses artificial intelligence-based technologies, will deliver new capabilities to the bank’s Financial Crime Compliance (FCC) teams. It will see the deployment of an initiative called Screening Optimisation that will use machine learning…
Standard Chartered has partnered with Silent Eight for its Financial Crime Compliance (FCC) teams, as part of its efforts to fight cybercrime through regtech. Silent Eight, a Singapore-based regtech, specialises in using artificial intelligence (AI) to combat financial crime. Markus Schulz, global head FCC controls, says: “[This investment] complements the core monitoring and screening platforms…
Big data analytics startups combine deep domain knowledge with cutting-edge artificial intelligence to help companies as diverse as banks and shipping firms solve complex problems. AsianScientist (May 23, 2018) – By Sim Shuzhen – When Mr Martin Markiewicz decided to go into the enterprise search business in late 2013, he and his co-founders went all…
SINGAPORE — Singapore is expanding international cooperation, even with rivals, in financial technology as it strives to maintain its position as a leading financial hub in Asia. As Asia’s financial centers compete to be the most advanced fintech hub, Singapore knows that building international infrastructure is fundamental to winning the race. In the latest tie-up, the…
Silent Eight co-sponsors the 9th International Conference on Financial Crime and Terrorism Financing (IFCTF) 2017 in Malaysia. Organized by the Asian Institute of Finance (AIF), and supported by leading organizations including Al-Rajhi Bank, Bank Negara Malaysia, Securities Commission Malaysia, SIDC and the Malaysian Insurance Institute, the 2017 IFCTF was titled “Future Proofing Compliance: Responsibility and…
The CEO of Silent Eight, Martin Markiewicz, participated as a panelist at the UK Government Compliance & Transparency Forum on 20 September 2017 in Singapore. The forum brings together compliances and fintech leaders and experts from around the globe. After several days of discussion, we can summarize the highlights of the forum in 7 major…
Finnovasia is a one of the hottest events for FinTech innovators, bringing under one roof renowned FinTech wizards and influential business leaders from around the world. The event was organized by InvestHK and Hong Kong Fintech. Silent Eight participated in the event as a sponsor and a speaker. The CEO of Silent Eight, Martin Markiewicz,…