Archive for Silent Eight

Silent Eight Extends On-Demand AI Solution

Posted in Commentary with tags on August 13, 2020 by itnerd

Silent Eight announced today that it will offer its powerful artificial intelligence (AI) solution for name, entity, and transaction alert adjudication on-demand, through the remainder of 2020. The decision comes in the wake of the current and ongoing pandemic, which has placed significant constraints and challenges on banks and financial institutions (FIs). These most notably include increasing and burdensome alert backlogs and unprecedented levels of cybercrime. The pandemic has also impacted the ability of both government and private sector institutions to meet their anti-money laundering and counter-terrorist financing (AML/CFT) obligations.

Silent Eight’s AI has historically been installed on-premise for Tier 1 institutions to solve name, entity, and transaction alerts. Now the solution will be widely accessible to a broader market, and across more sectors, as a means of providing immediate and ongoing backlog relief, without requiring a long term commitment. 

The custom AI is configurable in as few as two (2) weeks via cloud deployment and offers a new way for banks and FIs to solve alerts in a scalable and agile manner in real time, regardless of external conditions such as COVID-19.

The on-demand AI is available immediately. Clients pay only for alerts solved, with no minimum volume commitment.

Features and benefits of the AI include:

  • Fully customized; learns from your institutional processes and behavior
  • Military-grade encryption
  • Deployable in as few as 2 weeks
  • No limit on geographies, or hits per alert
  • Covers any type of alert: Adverse Media, PEP, Sanctions, Customer Due Diligence

To learn more, visit www.silenteight.com.