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See how Silent Eight is transforming the financial industry across the globe.
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…
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,…
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…
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…
Singapore/Hong Kong, 14 November 2018 – Silent Eight has won the RegTech Award for Artificial Intelligence & Machine in the inaugural Regulation Asia Awards for Excellence 2018 at a ceremony in Singapore on 13 November 2018. The firm emerged as the winner after a rigorous selection process, involving a judging panel made up of subject-matter…
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…
Standard Chartered has announced that as part of its continued efforts to lead the way in the global fight against financial crime, and through its use of RegTech, it has partnered with Silent Eight to deliver cutting edge capabilities to its Financial Crime Compliance (FCC) teams. FCC’s strategy is to continually invest to be at…
A Singapore-based artificial intelligence start-up that combats money laundering and terrorism financing has won the top spot at the RegTech Association Australia’s inaugural pitch fest which attracted global participation. Silent Eight bagged the main prize, edging out 10 finalists with roots from the US, UK, Europe and Asia-Pacific. The pitch fest was held in conjunction with…