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ComplyAdvantage and Resistant AI partner to extend fraud protection

The two companies will use a “more dynamic approach” to help clients reduce their exposure to financial crime.

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Charlie Delingpole & Charlie Martin Rehak/ComplyAdvantage & Resistant AI.

ComplyAdvantage and Resistant AI are releasing a solution to fight financial crime across Europe and the US.

The regtech company has partnered with the AI and machine learning financial crime specialists to help businesses tackle the multi-trillion-dollar problem.

With Resistant AI’s capabilities added to ComplyAdvantage’s transaction risk monitoring platform, the anti-money laundering and anti-fraud protections on offer will be extended.

It will help businesses by enabling them to “detect previously unknown patterns of behaviour” and identify new risks more quickly.

"In a complex, rapidly shifting world, criminals continue to find new ways to exploit financial services to launder the proceeds of their crimes,” ComplyAdvantage founder and CEO Charlie Delingpole said.

“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.” 

The partnership will also deliver “alert prioritisation” so that organisations can focus on the highest-risk areas and make use of investigative resources.

“We are delighted that our joint solution is now available to drive game-changing efficiency gains,” Resistant AI founder and CEO Martin Rehak said.

“Alert prioritisation, 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.”

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