Palo Alto, California, December 16, 2024 — Quantifind, the global leader in AI-driven financial crime intelligence, announces a strategic partnership with Fraud-Sense, a leading provider of Financial Crime Risk Management (FCRM) solutions. This partnership addresses the urgent need for advanced Anti-Money Laundering (AML) capabilities and risk mitigation for both KYC and supplier management in high-risk geographies and high-risk industries. Enabling AI risk controls on the money and trade flows linked to industries including financial services, law enforcement, government, and corporates where financial crimes can exploit vulnerabilities in complex global cross-border and customer networks.

As financial crimes escalate globally, enterprises face unprecedented challenges in combating money laundering, corruption, and sanctions violations tied to new clients and third-party suppliers. Quantifind’s proven AI platform, integrated with Fraud-Sense’s expertise, equips organizations to tackle these challenges by delivering real-time financial crime intelligence to detect and mitigate risk tied to customers, suppliers, and third parties at scale.

Tackling Cross Industry AML and Supplier Risk

No industry is safe from the threat of financial crimes, with bad actors exploiting opaque systems and processes to mask illicit activities, launder money, and evade sanctions. A survey by the Institute of International Finance (IIF) and Ernst & Young (EY) found that 46% of Chief Risk Officers (CROs) identified third-party vulnerabilities as a top concern, while AML compliance costs continue to rise, particularly in industries reliant on cross-border transactions and high-risk regions.

Quantifind’s AI-powered AML and supplier risk intelligence solutions are designed to help enterprises strengthen their defenses with precise, field-informed intelligence:

  • Screen suppliers for red flags, including adverse media, hidden beneficial ownership, and links to sanctioned entities.
  • Detect and prevent financial crimes, such as money laundering, fraud, corruption, and natural resource exploitation, leveraging Quantifind’s proprietary Natural Resource Exploitation Risk Card tailored for the extraction industries.
  • Uncover and analyze sophisticated networks of risky entities, empowering organizations to protect their operations from exploitation.
  • Ensure compliance with international AML regulations, including Financial Action Task Force (FATF) standards and regional mandates.

Quantifind’s Risk Cards, such as the Natural Resource Exploitation Risk Card, are purpose-built to address specific threats faced by high-risk industries. These cards are shaped by Quantifind’s unique private-public partnerships, which create a continuous feedback loop between field experts, investigators, and data scientists. Insights from practitioners on the frontlines of financial crime investigations directly inform the AI-driven risk models, allowing Quantifind’s technology to adapt and evolve in response to real-world challenges.

Real-World Results: Transforming Risk Management

Organizations using Quantifind’s AI-driven solutions report significant improvements in combating AML risks and securing high-value networks:

  • 10x reduction in false positives, enabling compliance teams to focus on high-priority alerts.
  • 8x improvement in identifying true positives, uncovering hidden risks such as money laundering, sanctions violations, and adverse media linked to customers, suppliers, and third parties.
  • Real-time detection of new threats, significantly reducing the time to uncover high-risk customers, suppliers, and third parties from months to days.
  • Enhanced compliance confidence through precise, data-driven insights that streamline AML processes for both KYC and supplier risk management.

A Transformative Approach to a Global Challenge

Fraud-Sense is recognized as the most advanced FCRM Centre of Excellence, delivering Quantifind’s AML and supplier risk solutions with seamless localization and support for MEA-specific challenges. The partnership ensures enterprises in extraction and other high-risk industries can access Day-1 SaaS-based protection, bypassing lengthy customization and enabling immediate response to financial crime risks.

“Our partnership with Fraud-Sense delivers a unified, AI-driven approach to help organizations tackle financial crime with unparalleled precision,” said Graham Bailey, COO at Quantifind. “By integrating financial crime intelligence with robust KYC and supplier risk management capabilities, we empower businesses to identify, detect, and mitigate risks before they escalate into threats.”

“Our collaboration with Quantifind allows us to deliver the most advanced financial crime and AML risk management solutions,” said Mahendra Shirali, CEO of Fraud-Sense. “Together, we’re equipping enterprises with the technology they need to stay ahead of sophisticated threats, protect supply chains, and maintain compliance with the highest regulatory standards.”

About Quantifind

Quantifind is the leader in financial crime intelligence automation, providing purpose-built AI solutions that transform how organizations detect and manage supplier and entity risk. The Graphyte™ platform integrates internal data with complex, unstructured public information to uncover hidden threats, reduce false positives, and empower organizations to mitigate risks in real time. For more information, visit www.quantifind.ai.

About Fraud-Sense

Fraud-Sense delivers best-in-class Financial Crime Risk Management (FCRM) solutions for MEA organizations, focusing on industries with heightened risk exposure, such as extraction, financial services, and logistics. Through partnerships with global leaders in fraud prevention and risk intelligence, Fraud-Sense helps organizations detect, mitigate, and prevent financial crime. For more information, visit www.fraud-sense.com.

 Media Contacts

Quantifind: Annalisa Camarillo, EVP of Marketing | Email: contact@quantifind.com

Fraud-Sense: Pritesh Kotecha, Chief Commercial Officer | Email: reachus@fraud-sense.com