AQM Technologies acquires TraiCE to boost AI risk monitoring for US banks

By Gloria Methri

AQM Technologies, a global provider of software quality assurance, cybersecurity audits, and services for financial institutions, has signed an agreement to acquire TraiCE, which specialises in AI-powered business risk monitoring.

The acquisition marks a strategic step for AQM in strengthening its footprint within the U.S. banking sector and enhancing its portfolio of forward-looking risk and compliance solutions. TRaiCE, recognised for its early application of Large Language Models (LLMs) in financial risk analysis, has built a platform that proactively identifies early warning signals, evaluates financial stability, and supports banks in managing business risk more effectively.

Backed by FinTech accelerator RevTech Labs, TRaiCE has positioned itself as an innovator in the field of predictive intelligence. The acquisition will see TRaiCE operate as the strategic front-end of AQM’s business assurance offerings in the U.S., with a continued focus on expanding its services within the banking sector.

“The integration of TRaiCE’s advanced risk monitoring technology into our portfolio allows us to offer proactive business assurance solutions,” said Madhav Bhadra, CEO, AQM Technologies. “With TRaiCE, we are embedding business assurance directly into the financial services lifecycle. From software integrity to real-time business risk insights, we now provide a 360-degree view of risk that financial institutions can act on.”

“Partnering with AQM empowers us to scale our vision while staying true to our core strength – delivering actionable risk intelligence,” said Sony Gabriel, CEO, TRaiCE. “By integrating TRaiCE’s advanced unstructured data analytics with AQM’s proven cybersecurity expertise, we are enabling continuous, purpose-built portfolio and third-party risk monitoring tailored for banks. Together, we’re making sophisticated risk intelligence—once reserved for the largest financial institutions—accessible and affordable to banks of all sizes.”

AQM Technologies currently serves over 200 financial institutions globally and is regarded for its work in cybersecurity, quality assurance, and regulatory compliance. By integrating TRaiCE’s AI-led capabilities, the company aims to enable banks to transition from reactive risk management to a more proactive, predictive model, critical for institutions serving local economies and business clients.