Silent Eight
Silent Eight is a tech company that develops AI solutions for preventing financial crimes, focusing on areas such as Automated Alert Adjudication and Transaction Monitoring.
Company Overview
Silent Eight is a technology company specializing in artificial intelligence solutions for financial crime prevention. The company aims to eliminate the profit from crime by targeting financial schemes such as terrorist financing and money laundering. Silent Eight processes billions of transactions annually, providing robust and automated solutions to detect and prevent illicit activities.
AI Solutions for Financial Crime Prevention
Silent Eight offers a comprehensive suite of AI-driven solutions designed to combat financial crime. These include Automated Alert Adjudication, Name Screening, Transaction Screening, and Transaction Monitoring. Each tool is engineered to enhance the detection and prevention of fraudulent activities, ensuring that financial institutions can operate securely and comply with regulatory standards.
Investment in Research and Development
Silent Eight has invested $55 million in research and development to advance its Iris 6 AI platform. This substantial investment underscores the company's commitment to innovation and improving its solutions for financial crime prevention. The Iris 6 platform represents a significant leap in AI technology, enabling more accurate and efficient processing of transactions.
Annual Transaction Processing
The company processes billions of transactions annually, utilizing its advanced AI technology to monitor and scrutinize each transaction for potential financial crimes. This high volume of transaction processing exemplifies the scalability and reliability of Silent Eight's solutions in real-world financial environments.