Press Releases

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.

read more

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.

read more

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.

read more

Recent Posts

3 Lessons Learned from NAB’s Failure to Fix Financial Crime Loopholes

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.

read more