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Founded Year

2013

Stage

Series B | Alive

Total Raised

$55.22M

Last Raised

$40M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+20 points in the past 30 days

About Silent Eight

Silent Eight is a technology company that leverages artificial intelligence (AI) to combat money laundering and terrorist financing.

Headquarters Location

3 Church Street, Samsung Hub #25-01

049483,

Singapore

+65 6850 7756

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Silent Eight's Product Videos

Silent Eight's Products & Differentiators

    Name Screening

    - Target 60-80% Alert Decisions - Sanctions, PEPs (Politically Exposed Person), other lists - Real Time onboarding and batch processing - Global coverage - Essentially unlimited capacity

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Expert Collections containing Silent Eight

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Silent Eight is included in 3 Expert Collections, including Regtech.

R

Regtech

1,653 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.

A

Artificial Intelligence

11,383 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

C

Cybersecurity

8,428 items

These companies protect organizations from digital threats.

Silent Eight Patents

Silent Eight has filed 1 patent.

The 3 most popular patent topics include:

  • computer hardware cooling
  • energy conversion
  • lighting
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/26/2021

2/7/2023

Lighting, Computer hardware cooling, Energy conversion, Renewable energy, Stage lighting

Grant

Application Date

9/26/2021

Grant Date

2/7/2023

Title

Related Topics

Lighting, Computer hardware cooling, Energy conversion, Renewable energy, Stage lighting

Status

Grant

Latest Silent Eight News

Emirates NBD Partners with Silent Eight to Automate Alert disposition and Enhance Compliance Efficiency

Feb 2, 2024

Emirates NBD , a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, announced a strategic partnership with  Silent Eight , a technology company which offers an advanced AI and machine learning platform to identify and prevent financial crime. The partnership is in line with Emirates NBD’s vision to be the most innovative bank for its customers, people, and communities, and follows a successful Proof of Value (PoV) engagement that demonstrated Silent Eight’s ability to automate the alert screening investigation process and improve the efficiency, accuracy and auditability of the bank’s compliance operations. In collaboration with Emirates NBD’s FinTech Partnership and Engagement Team, the PoV involved testing Silent Eight’s solution on alerts generated by the bank’s screening system. The solution uses natural language processing and machine learning to replicate human reasoning and decision-making based on historical alert data and continuous learning. The solution was able to solve close to a third of the alerts in the scope of the PoV, explain the resolutions with clear narratives, and close the alerts with zero error rates. Based on the successful results of the PoV, Emirates NBD has decided to deploy the Silent Eight solution with the aim of reducing reliance on human investigators, lowering operational costs, and enhancing the customer experience by minimizing the delays and requests for information caused by false positive alerts. Following significant innovation in digital banking, wealth management, remittances and payments, Emirates NBD is further championing digital operational transformation by incorporating AI technology into its robust compliance program. The move strengthens Emirates NBD’s commitment to align with the UAE’s increased focus on the supervision and enforcement of anti-money laundering, counter-terrorism financing and targeted financial sanctions regimes. Abdulla Qassem, Group Chief Operating Officer at Emirates NBD, said: “We are thrilled to join forces with Silent Eight to improve our operational efficiencies and foster innovation. As a regional banking leader, Emirates NBD is setting a new standard of excellence in providing a safe and secure banking experience for our customers. This collaboration is a testament to Emirates NBD’s commitment to embracing cutting-edge technologies and pushing boundaries to deliver agility and optimize productivity.” Victor Matafonov, Group Chief Compliance Officer at Emirates NBD, said: “We are delighted to partner with Silent Eight, a leading innovator in the field of AI-driven compliance solutions. This partnership aligns with our vision of becoming a digital leader in the region and our commitment to adopting world-class technologies that enhance our risk management capabilities and operational efficiency. We are confident that Silent Eight’s IRIS module will bring significant value to our compliance function and enable us to deliver faster and better service to our customers.” Martin Markiewicz, Chief Executive Officer at Silent Eight, said: “We are honored to work with Emirates NBD, one of the most progressive and forward-thinking banks in the MENAT region.” Ben Rayner, Senior Vice President at Silent Eight, said: ” We are delighted to be working with Emirates NBD, and are impressed by their dedication to excellence and innovation in compliance and their willingness to embrace AI as a strategic enabler. We look forward to supporting them in their journey of transforming their alert screening process and achieving their compliance goals.” The collaboration between Emirates NBD and Silent Eight solidifies Emirates NBD’s commitment to safe banking through innovative and transformative advancements within the financial industry. In 2023, Emirates NBD leveraged the power of generative AI to drive significant advancements in software development, collaboration and customer engagement. People In This Post Fintech Fintech News Fintech News

Silent Eight Frequently Asked Questions (FAQ)

  • When was Silent Eight founded?

    Silent Eight was founded in 2013.

  • What is Silent Eight's latest funding round?

    Silent Eight's latest funding round is Series B.

  • How much did Silent Eight raise?

    Silent Eight raised a total of $55.22M.

  • Who are the investors of Silent Eight?

    Investors of Silent Eight include Wavemaker Partners, OTB Ventures, Standard Chartered Ventures, Koh Boon Hwee, HSBC Venture Capital and 7 more.

  • Who are Silent Eight's competitors?

    Competitors of Silent Eight include ComplyAdvantage, Quantexa, WorkFusion, Accuity, Verafin and 7 more.

  • What products does Silent Eight offer?

    Silent Eight's products include Name Screening and 3 more.

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ComplyAdvantage

ComplyAdvantage operates as a financial crime risk data and detection platform using artificial intelligence (AI). It offers a database of people and companies to help organizations identify risk events from structured and unstructured data points. It serves banks, insurance, payments, cryptocurrency, and more sectors. ComplyAdvantage was formerly known as Mimiro. The company was founded in 2014 and is based in London, United Kingdom.

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Hummingbird

Hummingbird focuses on providing compliance and risk management solutions in the financial sector. The company offers a platform that integrates customer knowledge, case management, investigations, and regulatory reporting, aiming to enhance anti-money laundering and counter-terrorist financing investigations. It primarily serves financial institutions, fintech startups, and government and law enforcement agencies. The company was founded in 2016 and is based in San Francisco, California.

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Quantifind

Quantifind operates as a data science technology company. The company offers an artificial intelligence (AI) platform that uncovers signals of risk across various unstructured text sources, combining internal financial institution data with public domain data to assess risk in the context of knowing your customer (KYC), customer due diligence (CDD), fraud risk management, and anti-money laundering (AML) processes. Primarily, its services are utilized by banks and government agencies for risk management and crime detection. It was founded in 2009 and is based in Palo Alto, California.

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Lucinity

Lucinity is a company focused on augmenting anti-money laundering (AML) compliance through artificial intelligence (AI) in the financial technology sector. The company offers a platform that provides AI-driven customer insights, transaction monitoring, regulatory reporting, and workflow management to help businesses manage compliance more efficiently. Lucinity primarily serves startups, scale-ups, enterprises, banks, and payment service providers. It was founded in 2018 and is based in Reykjavik, Iceland.

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