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Company Database - Silent Eight
Silent Eight is a technology company leveraging AI to create custom compliance models for the world’s leading financial institutions. Our mission is to empower our clients in their fight to eliminate financial crime. Founded in Singapore and with global hubs in New York, London, and Warsaw, we are deployed in over 150 markets. For more information, visit: www.silenteight.com

Target market

Tier 1 and Tier 2 banks

Contact details

Shana Schneider, Global Marketing Director, shana.schneider@silenteight.com

Geographical presence

Global

Year founded

2013

Member of industry association and/or initiatives

Singapore Fintech Association, RegTech Association (AUS), RegTech Associates (UK), MENA Fintech


CORE SOLUTION

 

Silent Eight Alert Resolution (SEAR) solves alerts generated during the name and payment screening processes, improving the manual process by leveraging custom AI and your institutional learnings to solve - not rank or weight - alerts that could pose serious risk. Our decisions are inputted directly into your case management system, providing full explainability and transparency.

Fraud and financial crime hub - decisioning platform

Yes

Transaction fraud

No

Account fraud

No

ATM fraud

No

Financial crime data provider and intelligence

No

AML transaction monitoring

No

KYC/CDD

Yes

KYC remediation

Yes

Digital identity service provider

No

Identity verification 

Yes

Authentication

No

 

Technology

On-premises

Yes

Cloud-enabled, native cloud, hybrid

Yes

Native cloud

Yes

Hybrid

Yes

 

DATA INPUT 

Abuse list 

Yes - via third party

Financial crime data

Yes - via third party

Sanctions data (sanctions, enforcements, PEP, and adverse media)

Yes - via third party

Watchlist screening

Yes - via third party

Address verification

Yes - via third party

Credit Bureau

Yes - via third party

Information Sharing

Yes - via third party

 

METHODOLOGY: Machine Learning

Rule-Based

No

Supervised ML

Yes

Unsupervised ML

No

Hybrid

No

 

METHODOLOGY: Decisioning

Manual review

Yes

Case management

Yes

BUSINESS MODEL: Pricing and Services

Pricing model

Pricing based on alert volume

Managed service

For more details, please contact Silent Eight team.

Training & Support

For more details, please contact Silent Eight team.

 

CLIENTS

Main clients/references

Standard Chartered Bank, HSBC

Case studies

For more details, please contact Silent Eight team.

Awards

Monetary Authority of Singapore (MAS) Global Fintech Awards 2015; RegTech Australia Pitchfest Winner 2018; Regulation Asia AI & Machine Learning Award 2018; Best Emerging RegTech 2019, Wealth and Finance; COO Named Top 25 Female Leader in FinTech 2020 and 2021 consecutively, Financial Technology Report. CEO to be named Top 50 Fintech CEO Globally in April 2021, Financial Technology Report

Future developments

Transaction Monitoring in H1 2022

Contact Silent Eight

www.silenteight.com
shana.schneider@silenteight.com