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August 12, 2022
Finance Technologies

HSBC signs multi-year AML partnership with Polish fintech Silent Eight

HSBC has announced a multi-year partnership with Silent Eight, a Poland-founded start-up which automates alerts to tackle money laundering (ML) and terrorist financing (TF). The bank’s global compliance division will deploy the fintech’s resolution alert system, which will improve on HSBC’s current manual processes and existing statistical models. Having completed its pilot period with the bank, Silent Eight will officially provide case adjudications for HSBC which are explained and auditable. The bank’s global compliance division will deploy the Silent Eight’s resolution alert system. “Given the growth in alert volumes, and unpredictable spikes driven by global volatility, we saw an opportunity…
HSBC signs multi-year AML partnership with Polish fintech Silent Eight

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