In the News

See how Silent Eight is transforming the financial industry across the globe.
Press Release | 2020-05-05
Silent Eight Launches On-Demand Cloud-Based AI to Meet Growing KYC Needs in Midst of Pandemic

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…

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…

News | 2020-04-29
Silent Eight: AI in Due Diligence: A New Era for Financial Entities

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,…

Press Release | 2020-04-28
Silent Eight signs new global business drive to tackle COVID 19 crisis

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…

Awards | 2020-02-06
Best Emerging RegTech 2019

Silent Eight was awarded the Wealth & FInance award for Best Emerging RegTech in 2019. This award was in recognition of the unparallelled Silent Eight AI that is changing the game in how AML alerts are solved.

News | 2019-11-14
Standard Chartered Invests in RegTech Startup Silent Eight

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…

News | 2019-11-14
Regtech Startup Silent Eight Raises $6.2M in Oversubscribed Series A Round

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…

Press Release | 2019-11-14
Regtech company Silent Eight Raises US$6.2M in Series A Round

SINGAPORE, November 13, 2019 – Artificial Intelligence-powered anti-money laundering and counterterrorism financing startup, Silent Eight, has raised an oversubscribed US$6.2M round as banks and financial institutions face increased scrutiny from regulators. The fresh capital from this round will be used to hire new employees to support a strong pipeline of customers comprising large banks and…

Awards | 2019-10-16
Silent Eight Listed among Top Fintech Startups in Singapore

As the startup scene in Singapore goes from strength to strength, we take a closer look at some of the city state’s up and coming fintech companies in 2019 Singapore has built itself a reputation as the fintech capital of the world. Cementing this position is a strong financial industry, unrivalled physical and digital infrastructure,…

Press Release | 2019-09-15
Silent Eight Wins MAS FinTech Award

On the 16th of November 2017, the Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), bestowed upon Silent Eight a prestigious MAS FinTech Award in recognition of their innovations in FinTech – primarily driven by artificial intelligence based solutions for countering money laundering and terrorist financing. Silent Eight came…