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.
While not mandating that firms invest in technology to automate financial crime investigations, regulators are certainly encouraging it. They are noticing that advanced BSA/AML teams are using robotic process automation (RPA) bots to gather data for investigations. They are aware that those same firms are using machine learning to analyze huge data sets, identify patterns, and pinpoint where exceptions or anomalies exist.
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