back Back

SymphonyAI’s Sensa financial crime prevention solution is now available on Microsoft Azure Marketplace

By Edlyn Cardoza

December 13, 2022

  • Financial Crime
  • financial data
  • Financial Institutions
Share

SymphonyAI, Microsoft, Sensa Product, Financial Crime, Microsoft Azure Marketplace, SymphonyAI NetReveal, Transaction Filtering, Financial Data, Risk Management, Financial Institutions, Financial Services, FinTech, Microsoft Azure, USASymphonyAI, one of the leaders in high-value enterprises AI SaaS for strategic industries, announced that it is expanding its role as a Microsoft partner with its Sensa product for detecting and preventing financial crime.

“Sensa and Microsoft Azure together form a powerful combination that marks our continued growth to improve risk management for the world’s leading financial institutions,” said SymphonyAI Sensa’s CEO, Simon Moss. “Coming shortly after the close of SymphonyAI’s NetReveal acquisition and the launch of our SymphonyAI NetReveal-Sensa Suite, adding Sensa to the marketplace opens yet another door for financial leaders to take advantage of our ongoing commitment to making material improvements in the detection and prevention of financial crime.”

The Sensa product, from the SymphonyAI Sensa vertical, is now available in the Microsoft Azure Marketplace. It joins SymphonyAI NetReveal for transaction filtering and sanctions screening, along with three other SymphonyAI vertical solution areas—manufacturing, retail, and IT service management—already available in the Azure Marketplace.

“Running artificial intelligence on a secure and robust cloud platform helps financial institutions streamline operations and turn data silos into transparency to protect their customer data and transactions,” said Ulrich Homann, corporate vice president of cloud + AI at Microsoft. “SymphonyAI is delivering high-scale transaction monitoring and regulatory compliance solutions to banks around the world that are looking to optimize their spend without sacrificing trust.”

Sensa uses highly advanced AI and machine learning to uncover criminal activity and suspicious behaviors by analysing, discovering, and interpreting financial data. Sensa builds a complete customer, third-party, and user behavior map to generate crime, risk alerts, and predictive insights. Sensa reduces investigation time and, in turn, an organisation’s operational costs by significantly reducing false positives. The end user receives easy-to-understand and explainable risk-based views of customers.

“SymphonyAI vertical solutions are designed to combine the most in-depth understandings of business challenges with AI applications tailored to key industries,” said Kumar Abhimanyu, SVP of strategic partnerships at SymphonyAI. “We’re pleased to work with Microsoft to provide enterprises with AI solutions that help them work efficiently and modernize operations. Our financial services vertical is leading the transformation of financial crime prevention and operational effectiveness for banks and fintech companies. Sensa on Microsoft Azure means that financial organizations looking for those capabilities now have a superior solution.”

The SymphonyAI solutions available through the Microsoft Azure Marketplace can be sold by the Microsoft sales team, expanding the reach of both companies’ offerings. All SymphonyAI solutions available through the Microsoft Azure Marketplace run on Microsoft Azure, removing the added cost of storage and computational capabilities required when running AI outside a cloud ecosystem.

Previous Article

December 13, 2022

Perwyn acquires VIXIO Regulatory Intelligence from Kester Capital

Read More
Next Article

December 13, 2022

Movius Conversational AI to power spocto’s debt resolution platform

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Financial Crime

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

April 19, 2024

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

Read More

April 19, 2024

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 Q1 2024
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