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Quantifind Launches Transformative Payments Risk Intelligence Solution

Author

Slice of Finance Team
01 Jul

Key Highlights:

  • Unmatched accuracy and scalability in payments risk management.

  • Proactive risk analysis covering pre-, during, and post-alert generation.

  • Reduced false positives and improved detection rates.

  • Automated network analysis and workflow optimization.

  • Enhanced surveillance capabilities with AI-driven solutions.

Source (PR Newswire)

Notable Quotes:

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"In today's fast-moving payment landscape, traditional surveillance methods are insufficient to protect against financial crime. Scalable AI solutions are needed to navigate the massive reach of modern commerce and identify potential risks. Partnering with Quantifind offers cutting-edge AI technology to enhance payments surveillance capabilities with reduced false positive rates, even when the counterparties are not well known."

Scott Nathan, Managing Director at Citi
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"Quantifind's advanced AI capabilities play a crucial role, providing the ability to accurately discover risk signals from complex payments transaction data at an unprecedented speed and scale. Finding risk across fast-moving payment touchpoints is the perfect use-case for Quantifind's AI solution built on the simultaneous principles of accuracy and speed."

Ari Tuchman, CEO at Quantifind

Our Take:

Quantifind's introduction of its Payments Risk Intelligence solution marks a significant leap forward in the domain of payments risk management. The traditional approaches of transaction screening and monitoring have long struggled with high false positives and an inability to adapt to evolving threats. Quantifind’s innovative solution leverages AI to proactively analyze risk with remarkable accuracy and scalability, addressing these pain points head-on. This advancement not only enhances the efficiency and effectiveness of detecting financial crimes but also streamlines workflows, reducing operational burdens on financial institutions. As the financial landscape continues to evolve, such AI-driven solutions will be indispensable in maintaining the integrity and security of global payment systems.