SCBFY - HSBC-backed Startup Silent Eight Eyes IPO With Tremendous Potential Ahead | Benzinga
Singapore-based startup Silent Eight is harnessing the power of artificial intelligence (AI) to assist financial institutions in their battle against money laundering and other financial crimes.
And with significant banks like Standard Chartered PLC (OTC: SCBFF) (OTC: SCBFY) and HSBC Holdings, Plc. (NYSE: HSBC) adopting Silent Eight's software, the company is poised for substantial growth, according to a note by CNBC.
Addressing Financial Crimes with AI
Financial institutions are constantly at risk of incurring hefty fines and suffering reputational damage if they don't adequately address crimes like money laundering and terrorist financing. Traditional methods of investigating and preventing such activities are resource-intensive.
Silent Eight's solution reportedly employs ...