Press Releases
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 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
Digital Transformation of AML Investigation Process Accelerated by COVID-19
Prior to the COVID-19 outbreak, the 2020 outlook was an encouraging one as the year was shaping up to be positive for many industries. At the mid-year point of 2020, the world has changed, and we continue to observe the pandemic’s impact on our communities, economy,...
Jurisdiction Derivation, Powered by AI, Helps Financial Institutions Reduce Risk and Their Number of AML Investigations
Financial institutions are held accountable by regulators to ensure they are taking a risk-based approach in their AML/BSA compliance operations. As such, institutions must consider AML risk based on certain types of customers and transactions, including risky jurisdictions impacted by political or economic unrest.
AI-Powered Volume and Value Analysis Exposes Shell Companies Involved in Fraud and Corruption
The AI-powered QuantaVerse Automated Volume and Value (V&V) Transaction Analysis solution provides risk managers with better insights into variances in account activity that might indicate risks of financial crimes, or that suggest an account is being used for something other than its stated purpose. Analysis of this nature is a growing regulatory burden driven by the expectation that FIs understand the risk profile of clients as well as their clients’ clients.
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