Quantifind Raises $22M to Revolutionize AI Compliance Solutions

Quantifind Raises $22M to Revolutionize AI Compliance Solutions

Quantifind, a prominent name in AI-powered financial crime intelligence, has successfully secured $22 million in its latest funding round. This investment, featuring participation from notable entities like Deloitte Ventures, Stephens Group, and existing investors such as Citi Ventures and S&P Global, aims to bolster the company’s global expansion and enhance its innovative Payments Risk Intelligence solution.

Significant Growth and Future Plans

The recent funding follows a remarkable year for Quantifind, with the company reporting a staggering 200% growth in 2024. This growth underscores the increasing demand for advanced solutions in the financial sector. At the heart of Quantifind’s offerings is the Graphyte platform, renowned for its ability to provide sophisticated transaction screening for payments.

Innovative Solutions Against Financial Crime

  • Real-time Detection: The Graphyte platform enables financial institutions to detect and mitigate financial crime risks in real-time.
  • Advanced AI Technology: Utilizing GPU-based transformer models and large language models, Quantifind ensures unparalleled speed and accuracy.
  • Enhanced Transaction Monitoring: The new Payments Risk Intelligence tool addresses traditional system inefficiencies, such as high false positive rates.

Leadership Insights

Quantifind’s CEO and co-founder, Ari Tuchman, expressed his enthusiasm for the new developments, stating, “Graphyte for payments transaction monitoring and screening represents our commitment to delivering unmatched speed, accuracy, and scalability.” This highlights the company’s dedication to helping institutions navigate modern compliance challenges while staying ahead of sophisticated financial threats.

Investment Impact on the Financial Services Sector

According to Ryan Morrow, managing director at Stephens Group, “AI has become the weapon of choice for fraudulent and criminal actors within the financial services ecosystem.” Their investment in Quantifind reflects a strong belief in the potential of the AI Graphyte technology to enhance bank compliance and support law enforcement efforts.

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For more information on how Quantifind is revolutionizing financial crime detection, visit their official site at Quantifind or explore related topics on Forbes.

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