Press Releases
Active/Inactive Company AI Agent Further Enhances the QuantaVerse AML Compliance Platform
New capability considers a company’s registration status as an indicator of AML/BSA compliance risk CLEVELAND (February 9, 2022) – AML RightSource (“AMLRS”), the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act...
AML RightSource’s QuantaVerse Platform is Recognized in Fifth Annual 2022 RegTech100 List
RegTech100 List Encompasses the World’s Most Innovative Technology Solution Providers in Compliance and Financial Crime CLEVELAND (December 8, 2021) – AML RightSource (“AMLRS”), the leading outsourced provider of Anti-Money Laundering (“AML”), Know Your Customer...
New QuantaVerse Models Further Enhance Volume and Value (V&V) Predictions to Stop False Positives Before They Happen
AML RightSource has added new AI models to its QuantaVerse Financial Crime Platform. These models predict volume and value across a wider array of transaction activity profiles, fine-tuning V&V analysis and further reducing false positives.
AML RightSource Acquires QuantaVerse
AML RightSource, the leading outsourced provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance solutions, is pleased to announce that it has acquired QuantaVerse, Inc.
Bci Miami Re-Signs With QuantaVerse, Extends Use of Industry-Leading Financial Crime Investigation Platform
QuantaVerse signed a renewal agreement with Bci Miami, the U.S. arm of Banco de Credito e Inversiones of Chile. The agreement continues the bank’s use of the QuantaVerse Financial Crime Investigation Platform to support its financial crime compliance efforts.
QuantaVerse Introduces Fast Start Program to Speed and Improve the High-Risk Entity Review Process
QuantaVerse is now offering HRER Fast Start to banks interested in cutting costs and improving the accuracy and consistency of their high-risk entity review program. In no more than 60 days,* QuantaVerse can launch HRER and return the first month of QuantaVerse High-Risk Entity Reports.
QuantaVerse Launches New Financial Crime Investigation Report to Streamline Level 1 AML Investigations
QuantaVerse introduced an additional Financial Crime Investigation Report that addresses the specific needs of Level 1 AML compliance teams. The new report helps reduce the average time spent investigating an alert by over 50 percent.
Technology Enhancements to the QuantaVerse Financial Crime Platform Extend its Lead in AML Innovation
QuantaVerse finished 2020 well-positioned for continued growth in 2021 due to its dedicated focus on solving AML challenges and a commitment to innovation. In 2020, QuantaVerse introduced a series of technology enhancements to its AI-powered Financial Crime Platform.
QuantaVerse Tops Off 2020 Success with Notable List of Financial and Regulatory Technology Awards
QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, was recently recognized with three prestigious financial services and regulatory technology awards. These awards build on the company’s success in 2020 and serve as a testament to its industry leadership.
QuantaVerse Adds Automated High-Risk Entity Reviews to its Financial Crime Investigation Report (FCIR) Lineup
Citing a surge in client demand, QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has enhanced its entity-based Financial Crime Investigation Report, or FCIR, to assist financial institutions in efficiently conducting periodic entity risk reviews.
QuantaVerse Expands Leadership Team with the Appointment of AML Industry Veteran Aaron Stroud as Vice President, Head of Sales
Compliance teams today are under increasing pressure to reduce risk and drive financial crime out of their institutions utilizing existing and, sometimes, limited resources. With more than 20 years of sales experience in the risk, compliance, and financial crime arena, Aaron Stroud has a deep understanding of the challenges facing the financial industry, and how to address their pain points.
New Technology and Efficiency Enhancements Further Differentiate QuantaVerse’s Financial Crime Investigation Report
QuantaVerse enhanced its Financial Crime Investigation Report (FCIR) so AML cases can be accurately adjudicated more efficiently than ever before. Among other critical information, the QuantaVerse FCIR presents investigators an at-a-glance analysis of transactional relationships, negative news, and money laundering typologies along with risk scores calculated by the QuantaVerse machine learning engine and narratives needed to clear a case or document a suspicious activity report (SAR) submission.
QuantaVerse’s AI-Powered Anti-Money Laundering Solutions Secure Highest Possible Ratings from Independent Model Validation Firm
QuantaVerse engaged an independent model validation firm to ensure the regulatory rigor of its AI and machine learning platform. Leveraging its proprietary modeling framework to thoroughly analyze QuantaVerse’s AI solutions, the firm delivered a comprehensive model validation.
QuantaVerse Offers AI-Powered Country Code Derivation to Enable Financial Institutions to Experience the Potential of Automated Entity Resolution
Jurisdiction identification, one capability of the QuantaVerse Pre-TMS Entity Resolution & Risk Scoring solution, is now available as a standalone function for banks looking to reduce risk and false positives, and increase efficiency of AML/BSA investigations...
QuantaVerse Expands Capabilities of AI-Powered Financial Crime Platform with New Enhancements
New QuantaVerse Features Help Financial Institutions Curtail AML Compliance Costs
QuantaVerse Supports Financial Institutions Facing Financial Crime Investigator Scarcity Due to COVID-19
New adaptations of QuantaVerse Alert Investigator offer automated alert investigation and business continuity as Coronavirus impacts teams of people responsible for identifying financial crime
Cathay Bank Selects QuantaVerse AI Financial Crime Solutions to Create a More Effective AML Program
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, today announced it has signed an agreement with Cathay General Bancorp…
QuantaVerse’s Artificial Intelligence (AI) Solutions Selected by Bci Miami Branch to Efficiently Mitigate AML Risk
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, has signed a three-year agreement with the Banco…
FIBA President and CEO Joins QuantaVerse Board of Managers
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, today announced that banking leader, David Schwartz…
The QuantaVerse Automated Financial Crime Investigation Report Addresses New FinCEN Suspicious Activity Report (SAR) Format
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, helps financial institutions file timely and…
QuantaVerse Prospers from Increased Adoption of Artificial Intelligence Solutions That Effectively Identify Financial Crimes
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, finished 2017 strong as adoption of AI…
QuantaVerse Debuts ‘CAE Checkup’ to Help Corporations and Financial Institutions Evaluate the Effectiveness of an Artificial Intelligence Approach to Internal Risk Audits
QuantaVerse, the first in the market with AI solutions purpose-built for identifying financial crimes, offers a new service that corporations and financial institutions can utilize…
QuantaVerse Introduces CCO Checkup to Help Financial Institutions Evaluate Artificial Intelligence in Reducing AML-Related Risk
QuantaVerse, the first in the market with AI solutions purpose-built for identifying financial crimes, offers an analysis that financial institutions can use to test the …
QuantaVerse Announces Appointment of Banking Technology Leader Kenneth M. Harvey to Board of Managers
QuantaVerse, the first in the market with artificial intelligence (AI) solutions purpose-built for identifying financial crimes, has appointed technology and…
QuantaVerse Artificial Intelligence Platform Helps Address FinCEN’s “Fifth Pillar” Customer Due Diligence Requirement
QuantaVerse, innovator of data science and AI solutions purpose-built for the identification of financial crimes, has released a new paper that explores…
QuantaVerse Offers Artificial Intelligence Platform That Helps New York-Based Financial Institutions Comply with New Anti-Terrorism Transaction Monitoring Regulations
QuantaVerse today announced that its artificial intelligence (AI) and data science-powered technology platform is uniquely designed to help banks and…
QuantaVerse Wins “People’s Choice Award” at IMPACT 2016 Capital Conference
Last week, QuantaVerse, a data science company founded specifically to help the financial services industry, was chosen as the winner of the…
QuantaVerse Secures New Investments to Accelerate Company Growth and Scale Data Science Platform for the Banking Industry
QuantaVerse has secured new financing from private equity investors. This latest round of funding has raised the current investment in…
Financial Services Industry Veteran Announces Formation of Data Science Company to Help Banks Detect Criminal Activity Risk
Financial services industry veteran David McLaughlin today announced the formation of QuantaVerse, a new data science technology company focused on providing…
Recent Posts
What’s Driving AML Compliance Transformation in 2022 and Beyond?
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.
The 7 Indications That Your AML Compliance Program Will Benefit from Advanced Technology
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...
How 8 Technology Megatrends are Shaping the Future of AML Compliance
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...
Resources
Technology
Solutions