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4 AI-based RiskTech platforms fighting fincrime in the Nordics

By Gloria Methri

June 06, 2023

  • AML
  • Denmark
  • Digital Identity Verification

Cybersecurity, RiskTech, AML, Fraud, Financial Crime, Digital AttacksThe Nordics, comprising countries such as Sweden, Norway, Finland, Denmark, and Iceland, have long been at the forefront of technological advancements and innovation. With a strong focus on digital transformation and a reputation for high-quality financial services, the region has witnessed the emergence of cutting-edge RiskTech platforms dedicated to combating financial crime.

These platforms leverage artificial intelligence, machine learning, and advanced analytics to help organizations detect, prevent, and mitigate risks associated with fraudulent activities, money laundering, cyberattacks, and other financial crimes.

Let’s look at four RiskTech platforms leveraging AI to tackle financial crimes in the Nordics.

Finland-based Giosg is an AI-driven conversational platform that helps businesses engage with customers through chatbots and live chat. Its solution includes AI-powered risk detection capabilities that analyze customer interactions to identify potential fraud, phishing attempts, or suspicious behaviour. Giosg is utilized by financial institutions to mitigate risks associated with fraud and social engineering attacks.

ZignSec is a Swedish RegTech company offering an AI-driven platform for compliance and risk management. Its solution combines various data sources, including identity verification, anti-fraud, and AML checks, to provide real-time risk assessment and decision-making capabilities. The platform helps organizations in the financial sector comply with regulations and combat financial crime effectively.

Danish firm Seculyze is a simplified cybersecurity solution that integrates with Microsoft Sentinel and Defender to reduce alert fatigue and minimize the risk of cyberattacks. Seculyze simplifies security analysis by optimizing Microsoft Sentinel through three main deliverables: alert Enrichment, alert Tuning, and Health Check.

Evry is one of the leading IT services and software companies in the Nordic region. While not exclusively focused on financial crime prevention, it offers AI-driven solutions that help organizations enhance their cybersecurity defenses, including risk detection and fraud prevention capabilities.

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