Fintech

HSBC taps StanChart-backed AI startup for multi-year deal on financial crime

HSBC saw a spike in alert volumes and unpredictable volatility during the pandemic

HSBC has signed a deal with artificial intelligence startup Silent Eight to provide anti-financial crime technology for the bank.

Following an initial trial period, HSBC will now integrate the technology within its existing infrastructure to investigate and resolve cases with greater speed, precision and consistency than analysts.

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