In the News
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,…
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…
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. Full article can be viewed herehttps://financial-risk-and-compliance.cfotechoutlook.com/vendor/silent-eight-ai-in-due-diligence-a-new-era-for-financial-entities-cid-591-mid-64.html
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…
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…
Combined with the MAS Accelerator Grant, this enables Singapore Fintechs & FIs to benefit with over 80% savings Singapore, 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…
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…
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…
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,…
28 April 2020: Silent Eight has joined hundreds of other businesses in a global initiative to help the most vulnerable citizens to pull through the coronavirus crisis. Former UK Cabinet minister, Rt Hon Justine Greening, launched the C-19 Business Pledge with entrepreneur David Harrison. It encourages employers to join the international coronavirus effort by pledging…