back Back

Silent Eight & HSBC expand partnership for Transaction Screening

By Gloria Methri

February 26, 2024

  • Compliance Regulatory
  • Europe
  • Financial Crime Detection Systems
Share

HSBC, Silent Eight, Transaction Screening, RegTech, UKSingaporean RegTech Silent Eight has expanded its relationship with HSBC to implement Automated Alert Closure for Transactions automating investigation and resolution of alerts in real time.

To date, Silent Eight supplied HSBC with name screening and adverse media automation solutions that supported the bank in detecting more financial crime, with less friction. This expansion will further improve the bank’s compliance operations.

Ben Rayner, Regional Head for UKI & EMEA at Silent Eight said, “HSBC has demonstrated its ongoing commitment to operational excellence and innovation within financial crime. We are exceptionally proud of our long-standing relationship with the company and their desire to adopt cutting-edge technology to reach their goals”.

Chris Pratt, Group Head of Transaction Screening, HSBC said, “In the realm of financial transactions, precision is paramount. Working with Silent Eight is not only about driving efficiency in screening but ensuring accuracy. Our further investment in Silent Eight technology underscores our strategy to deliver safe automation and improved outcomes for our customers”.

Silent Eight is a technology company that partners with financial institutions to create solutions by leveraging artificial intelligence. Its solution automates the alert screening investigation and closure process by replicating human reasoning and decision-making based on historical case data and continuous learning.

In this manner, Silent Eight enables financial institutions to reduce false positives, increase accuracy, and enhance the auditability of their compliance operations.

The RegTech company works with some of the largest banks and insurance companies in the world, including Standard Chartered, HSBC, and First Abu Dhabi Bank. It is headquartered in Singapore and has offices in New York, London, Warsaw, and Bangalore.

Previous Article

February 26, 2024

Numeral expands payment infrastructure with addition of Swift

Read More
Next Article

February 26, 2024

Dyce Energy renews partnership with GoCardless for direct debits

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Compliance Regulatory

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Aurionpro acquires Arya.ai to offer AI solutions for Banks, FIs & Insurers globally

Read More

Today

Decentro elevates its DigiLocker Stack to secure KYC processes in India

Read More

April 18, 2024

5 RegTech platforms streamlining finance compliance in India

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023