Wayne, PA (June 7, 2017) – QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, today announced the appointment of technology and banking industry veteran Kenneth M. Harvey to the QuantaVerse Board of Managers. In this role, Ken will lend his counsel and expertise to the company’s management team.
Harvey brings to QuantaVerse nearly 30 years of experience, leadership and expertise in the banking and technology industries. Prior to joining QuantaVerse, Harvey served as COO/CIO of HSBC Holdings where he was responsible for technology and operations. He is currently Chairman of the Board for both CLS Group Holdings AG and CLS Bank International as well as holding the position of Outside Director for CLS Group.
“Ken’s background and practical experience brings invaluable first-hand knowledge and insights to our work at QuantaVerse,” explained David McLaughlin, CEO and Founder of QuantaVerse. “As we continue to expand upon the financial crime challenges that can be addressed by our AI and machine learning platform, Ken’s input will undoubtedly help us better serve our customers and uncover new growth opportunities.”
Harvey also serves on the Board of InsPro, a market leader in software for the Health, A&H, Life and Annuity segment of the insurance industry. He is also a member of the Senior Advisory Board of Oliver Wyman, a leading global consulting firm. His previous board service includes Amber Road, Kanbay Inc., and Vertical Networks. Harvey holds a Bachelor of Science degree from DePaul University and is a graduate of Northwestern University National Trust School.
QuantaVerse is the emerging leader in data science-powered risk reduction solutions, purpose-built for identifying financial crimes. Utilizing proprietary data science algorithms including artificial intelligence (AI), machine learning and big data technologies, QuantaVerse integrates and filters institutional data and related external data – including public Internet data, unstructured deep web data, as well as government and commercial datasets – to significantly improve AML, KYC and BSA compliance and prevent money laundering and the crimes it supports. For more information, contact QuantaVerse at (610) 465-7320.
A new report by Aite-Novarica (Aite) examines what’s driving transformation in anti-money laundering (AML) compliance. Specifically, the impact report examines the current AML ecosystem, key trends impacting financial institutions (FIs) and their AML compliance functions, and how they invest in technology and innovation to tackle today’s ever-evolving risk landscape.
As AI makes it possible for anti-money laundering (AML) processes to become increasingly automated, efficient, and effective, rules-based transaction monitoring systems (TMS) are being supplemented with these solutions to drive down false positives, streamline...
With an eye on what’s next for AML, we recently connected with Ken Harvey, former COO/CIO of HSBC Holdings, who outlined eight technology megatrends that are impacting AML compliance. We also look at how AML compliance technology is being developed, advanced, and...