AIA Adopts Silent Eight AI Platform for Financial Crime Compliance

Singapore-based RegTech firm Silent Eight will provide the platform.

Silent Eight, a renowned regTech firm, has recently announced its collaboration with AIA, the largest life and health insurer in Asia. The partnership aims to bolster AIA’s financial crime compliance screening procedures across various jurisdictions by harnessing the power of Silent Eight’s advanced machine learning solution, Iris.

By integrating Silent Eight’s artificial intelligence platform, AIA will be able to streamline and fortify their compliance controls, ensuring a robust safeguarding system for their customers while protecting the integrity of their business. This collaboration underscores AIA’s steadfast commitment to combating financial crimes and their dedication to maintaining the highest standards of transparency and trust within the industry.

Speaking about the partnership, Matt Leaney, Chief Revenue Officer at Silent Eight, expressed his enthusiasm, stating, “We are thrilled to be working with AIA and are confident that our AI-powered solutions will greatly enhance their compliance monitoring capabilities.”

Hritesh Mehta, Head of Group Compliance at AIA, echoed this sentiment, emphasizing how Silent Eight’s capabilities will enable them to optimize their financial crime compliance screening procedures. Through this integration, AIA aims to stay at the forefront of technological advancements and proactively identify and mitigate potential risks.

Silent Eight is a global leader in leveraging AI to develop cutting-edge compliance platforms for prominent financial institutions across more than 150 markets. These platforms offer a comprehensive range of solutions, including sanctions screening, payment monitoring, adverse news detection, and identification of politically exposed individuals.

The collaboration between Silent Eight and AIA showcases the vital role that AI and machine learning play in combating financial crimes. By leveraging advanced technologies, financial institutions can stay one step ahead of bad actors and create a secure environment for their customers and the industry as a whole.

About Silent Eight:

Silent Eight leverages AI to develop crime-reducing compliance platforms for the world’s leading financial institutions in over 150 markets. The company partners with investigators to target bad actors in the financial system and offers a range of innovative solutions for sanctions, payments, adverse news, transaction monitoring and politically exposed people.