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Singapore-based company聽Silent Eight, which uses artificial intelligence AI to combat financial crimes such as mo
stanley cup uk ney laundering and terrorist financing, reportedly aims to be ready for an initial public offering IPO by the end of 2025.聽The firm aspires to list on the Nasdaq in the United States, Silent Eight CEO聽Martin Markiewicz聽told CNBC in a聽report聽posted Friday Sept. 22 .By automating and streamlining the investigation process, Silent Eight aims to revol
stanley uk utionize the way financial institutions tackle illicit activities, while reducing costs and ensuring regulatory compliance, according to the report.聽Major banks, including
stanley cupe Standard Chartered and HSBC, have already taken notice of Silent Eights AI-powered software, which is expected to achieve threefold revenue growth in 2023, the report said.By leveraging AI technology, Silent Eight aims to transform the fight against financial crime, per the report.Traditionally, investigating financial crimes has been a labor-intensive and time-consuming process for banks, according to the report. However, Silent Eights AI models are designed to automate and expedite these investigations, significantly reducing the resources required.The companys software utilizes generative AI, similar to the technology behind the viral ChatGPT chatbot, the report said. Silent Eights model is trained on several smaller models specific to different tasks, allowing it to provide a comprehensive solution for financial institutions, including identifyi Kchh Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono
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