Resistant AI and ComplyAdvantage Launch AI Transaction Monitoring Solution To Combat Fraud and Money Laundering
Friday, October 14, 2022
Resistant AI and ComplyAdvantage launch AI transaction monitoring solution to combat fraud and money laundering.
LONDON, Oct. 11, 2022 /PRNewswire-PRWeb/ -- Holvi, the digital banking service for small businesses, is among the initial group of customers to implement the AI-driven solution to manage their financial crime risk
Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, the financial industry's leading source of AI-driven financial crime risk data and detection technology, today announced the general availability of their solution for fighting financial crime across the U.S. and Europe.
Financial crime is a multi-trillion-dollar problem. According to the [United Nations, the estimated amount of money laundered globally in one year is 2 - 5% of global GDP, or 800 billion - 2 trillion US dollars. While the cost of fraud and money laundering to financial organizations and other businesses is significant, the cost and damage to economies and society as a whole is immeasurable.
Adding Resistant AI's capabilities to ComplyAdvantage's transaction risk monitoring platform extends anti-money laundering (AML) and anti-fraud protections offered to financial institutions and other businesses by:
-- Enabling them to detect previously unknown patterns of behavior and
identify new risks faster.
-- Delivering alert prioritization so organizations can focus on the
highest-risk areas and make the best use of their investigative
resources.
With these capabilities, organizations can transition to a more dynamic approach to financial crime that uncovers novel behavior as it happens.
"Effectiveness and efficacy are key to scaling," comments Valentina Butera, Head of AML and AFC Operations at Holvi. "Integrating an AI-driven transaction monitoring solution means we can grow our customer base without growing our headcount at the same rate. With Resistant AI and ComplyAdvantage, we can manage our known risks more efficiently while also identifying and adapting to previously unknown risks."
Martin Rehak, founder, and CEO at Resistant AI, commented, "We are delighted that our joint solution is now available to drive game-changing efficiency gains. Alert prioritization, the ability to make systems more effective and identify previously unknown risks enables the most effective use of investigative resources and ensures a true risk-based approach."
"In a complex, rapidly shifting world, criminals continue to find new ways to exploit financial services to launder the proceeds of their crimes. At ComplyAdvantage, we are passionate about giving our clients the best tools to protect themselves - and their customers - from these bad actors and fight back. The addition of Resistant AI's capabilities will allow our clients to do just that," said Charles Delingpole, founder, and CEO at ComplyAdvantage.
Today's announcement coincides with the launch of a new thesis paper on AI in transaction monitoring. Co-authored by ComplyAdvantage and Resistant AI, it explores how customers like Holvi can increase the speed and accuracy with which they monitor transactions for fraud and other financial crime risks.
About Resistant AI Founded in 2019, Resistant AI uses AI and machine learning to provide identity forensic solutions that protect automated financial services from fraud and manipulation, including customer onboarding, AML and existing fraud detection systems. The Resistant AI founding team has a deep background in machine learning, artificial intelligence and computer security with more than 15 years of experience applying AI in the computer security domain. Backed by GV (formerly Google Ventures), Index Ventures, Credo Ventures, Seedcamp, and several angel investors specializing in financial technology and security, Resistant AI is headquartered in Prague with offices in London and New York. Visit resistant.ai to learn more.
About ComplyAdvantage
ComplyAdvantage is the financial industry's leading source of AI-driven financial crime risk data and detection technology. ComplyAdvantage's mission is to neutralize the risk of money laundering, terrorist financing, corruption, and other financial crime. More than 500 enterprises in 75 countries rely on ComplyAdvantage to understand the risk of who they're doing business with through the world's only global, real-time database of people and companies. The company identifies thousands of risk events daily from millions of structured and unstructured data points.
ComplyAdvantage has four global hubs in New York, London, Singapore, and Cluj-Napoca and is backed by Goldman Sachs, Ontario Teachers', Index Ventures, and Balderton Capital. Learn more at https://complyadvantage.com/.
Will Thompson
william.thompson@complyadvantage.com
Ben Goldsmith
+44(0)7788295321
ben@goldsmithcomms.com
Media Contact
Ben Goldsmith, Resistant AI, 44 7788295321, ben@goldsmithcomms.com
SOURCE Resistant AI
|
|
|
|
|
 |
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Marketing Evolution Announces New Investment Led by Insight Partners to Power AI-Ready Marketing Data for the Agentic Era | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
|
