Intelligent CISO Issue 52 | Page 13

FINOM selects Resistant AI ’ s Transaction Forensics to strengthen its money laundering defences
R crime prevention specialists , has announced that
Thales to acquire cybersecurity company OneWelcome
T an agreement to acquire
news

FINOM selects Resistant AI ’ s Transaction Forensics to strengthen its money laundering defences

esistant AI , the AI and Machine Learning financial

R crime prevention specialists , has announced that

FINOM , the Netherlands-based B2B FinTech platform for small businesses and professionals , has selected Resistant AI Transactions Forensics to bolster its anti-money laundering measures . Resistant AI will overlay and enhance FINOM ’ s own transaction monitoring system to provide valuable context and uncover new types of unusual and anomalous behaviour .
Resistant AI ’ s technology enhances FINOM ’ s existing in-house transaction monitoring system by adding additional context to existing alerts , the ability to detect previously unknown types of suspicious behaviour and deliver intelligent alert prioritisation allowing analysts to focus on the highest risk cases first .
Within Europe , Europol estimates the value of suspicious transactions in the hundreds of billions of euros – at an equivalent of 1.3 % of the EU ’ s gross domestic product ( GDP ). Global estimates are close to 3 % of world GDP .
“ In a world that is seeing ever-increasing incidents of fraud and money laundering , we need to have the most effective tools and techniques to detect suspicious activities ,” said Sergey Petrov , Co-founder and Managing Director at FINOM . “ On the other hand , they should not create any friction or obstacles for legitimate clients . Resistant AI ’ s solution perfectly complements FINOM ’ s AML and Anti-Fraud programme with its explainable AI , ensuring transparency to AML analysts as well as the regulator .”

Thales to acquire cybersecurity company OneWelcome

hales has announced

T an agreement to acquire

OneWelcome , a European leader in the fast-growing market of Customer Identity and Access Management , for a total consideration of € 100 million .
OneWelcome ’ s strong digital identity life cycle management capabilities will complement Thales ’ existing identity services ( secure credential enrolment , issuance and management , Know Your Customer etc .) in order to offer the most comprehensive identity platform in the market .
Headquartered in the Netherlands , OneWelcome provides cloud-based customer identity and access management for highly regulated industries , empowering them to securely connect customers as well as business partners to their online services .
Currently , OneWelcome protects tens of millions of European identities for lighthouse customers like Malakoff Humanis , PostNL and the European Central Bank . Thales plans to leverage this regional expertise to address the global need for enhanced identity and data privacy management .
Danny de Vreeze , CEO of OneWelcome , said : “ Customer Identity – or CIAM – is a solution tailored for any organisation with a digital presence that need to securely manage external identities and provide intuitive access to their online services . We have a state-of-theart service that is used by European customers to connect and protect millions of users . Our highly motivated team is thrilled to expand our product leadership into new markets using the global reach of Thales .” u www . intelligentciso . com
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