Risk Intelligence, a trusted and independent provider of data
intelligence for anti-money laundering, anti-corruption and cyber
security professionals, today announces its partnership with technology
company Quantifind, to boost its anti-money laundering (AML)
In collaboration with Acuris Risk Intelligence, Quantifind’s clients
will have access to a high-quality data source, KYC6, Acuris Risk
Intelligence’s online portal. This would enable Quantifind to provide
compliance teams with key capabilities of individuals via search,
on-going monitoring, sanctions and Enhanced Due Diligence (EDD) reports.
Quantifind’s applications put AI into practice by automatically
enriching AML and fraud alerts with signals of risk from inside and
outside of the bank. At a time when false positive transaction-based
Alerts are pushing compliance costs higher, a Quantifind implementation
can help realize a 30% efficiency gain.
“Thanks to this partnership with Acuris, we are adding a global, trusted
and high-quality source of Publicly Exposed Persons data to our existing
portfolio of data sources. This is a critical step in our journey to
bring our financial crime applications to the market and help financial
institutions improve the efficiency of the AML and KYC investigations,”
says Adam Mulliken, SVP of Analytics and General Manager for
Quantifind’s Financial Crimes business line.
“We are delighted to partner with Quantifind and help them enhance their
AML investigations with the integration of our data into their systems.
Their sophisticated AI techniques will work alongside our world-class
data to provide clients with accurate and timely information,” states
Joel Lange, Managing Director, Acuris Risk Intelligence.
Quantifind is a technology company whose AI platform uncovers business
drivers and signals of risk across disparate and unstructured text
sources. Quantifind’s clients include some of the world’s most
recognized brands, spanning industries such as entertainment,
e-commerce, restaurant, and financial services.
About Acuris Risk Intelligence
Acuris Risk Intelligence was established in 2004 as C6 and rose to
become one of the top suppliers of proprietary data on PEPs, sanctions
and AML data for due diligence and compliance. It was acquired by Acuris
in 2015. Today, Acuris Risk Intelligence combines a world-class dataset
– that now includes fraud and cybersecurity content – with expert human
analysts and state-of-the-art technology to help organisations manage
the risk in business relationships effectively. Clients access our
intelligence via a SaaS platform, or via API and feed technology so risk
protection is built into the way they operate. Our focus areas include
third-party and anti-corruption risk, AML and KYC due diligence and
monitoring, and the proactive detection of cybersecurity risk. For more
information, please visit us at https://www.acurisriskintelligence.com/.