K2 Intelligence Financial Integrity Network and Giant Oak have come together to launch Consilient.
In Brief:
-
This project is supported by Intel.
-
It aims to bring new technology, best-in-class AML and countering the financing of terrorism (CFT) knowledge to financial institutions.
-
The first bank to use the solution will be PNC in the US.
What does this mean?
Consilient says it wants to sole the current lack of efficiency in preventing financial crime while keeping data safe and secure. It will apply transfer learning to discover evolving criminal activity.
