Silent Eight is a cybersecurity technology solution leveraging AI to combat financial crimes, such as money laundering and terrorist financing, for the world’s leading financial institutions.
Problem
- Increased scrutiny: As financial crimes become more sophisticated, regulators are tightening compliance requirements, putting financial institutions under much pressure to close fraud detection gaps.
- High penalties: Non-compliance or inadequate transaction monitoring can lead to substantial penalties for banks.
- Inefficient solutions: Existing anti-money laundering solutions are fragmented, with siloed systems, manual processes, and limited accuracy, resulting in inefficient workflows and missed true positive alerts.
Solution
Silent Eight is a full-stack AI platform that integrates with banks’ data to identify and adjudicate suspicious transactions:
- Accurate detection: The platform uses advanced AI/ML models to detect suspicious transactions and behaviour patterns, enhancing accuracy and generating alerts for potentially illicit activities.
- Automated adjudication: Silent Eight’s solution automatically sorts alerts into true or false positives, reducing manual effort and maintaining audit trails for compliance, ultimately enhancing regulatory compliance and efficiency.
Media Links
Type
BFSI, Cybersecurity, and Enterprise
Focus Area
Deep Tech, Enterprise, and Sustainability
Capital Raised (US$)
51M to 100M
Operational HQ
Singapore
Sector
Professional, Scientific & Technical Services
status
founders
Julia Markiewicz,Martin Markiewicz,Michael Wilkowski
partnered
2.015
exited
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