In the News
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.
May 26, 2020, NEW YORK: 100WFinTech, a 100WF global visibility Initiative that elevates the public profile of female FinTech leaders included Silent Eight COO and co-founder, Julia Markiewicz, in its latest listing of female founders in Fintech. The organization enables stronger interconnectivity within the FinTech ecosystem, and aims to inspire the next generation of female FinTech talent.
Silent Eight was recognized by CFO Tech Outlook as a Top 10 Provider of Risk and Compliance Solutions for 2020. This annual directory is comprised of 10 companies that are at the forefront of providing Risk and Compliance solutions and transforming businesses.
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 of lockdown, there is more criminal activity, and, worse, new kinds of criminal activity. Financial Institutions are struggling to maintain their old processes from scattered remote locations while facing a surge in suspicious activity. And the criminals aren’t waiting for the banks to catch up - they’re busy taking advantage of the chaos and taking the opportunity to slip their money through the banks unnoticed. Regulators expect banks to keep up, criminals hope they don’t. In sum, it’s not a pretty picture.
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.
Combined with the MAS Accelerator Grant, this enables Singapore Fintechs & FIs to benefit with over 80% savings
New York, New York: Silent Eight today announced the immediate availability of their alert solving AI as a cloud based, on-demand service. The AI is traditionally custom built for large banks to solve name and entity alerts; but now, for the first time, is available to a broader market as a means of supporting alert solving during the COVID-19 pandemic. The custom AI is configurable in as few as two (2) weeks and offers a new way for banks and other financial institutions to solve alerts.
In the midst of the Coronavirus pandemic, banks have seen an increase in compliance alerts attributable to three developing factors.