Mountain View, CA, November 13, 2018 – Guardian Analytics, the market leader in real-time behavioral analytics and machine learning solutions for banking payment fraud detection, anti-money laundering together with Fintel, the leader in Section 314(b) information sharing, announce “The integration of section 314(b) with AML Evidence Lake™ Platform to efficiently “Follow the Money Trail” and Stop Illicit Funds Transfer”.
“Detecting sophisticated funds transfers funded by multiple monetary instruments drawn or issued by US financial institutions and made payable to money launderers’ account with amount below BSA reporting thresholds is key to combat money laundering” said Matt Rosen, former founding Deputy Director of Mayor Bloomberg’s Financial Crime Task Force and Manhattan Assistant District Attorney, and now Chief Executive Officer and Founder at Fintel.
“Unless you have Guardian Analytics modern AML platform that leverages Machine Learning, Smart Rules and Graph Link Analysis, it will be very hard to stop these sophisticated illicit funds transfer. At ABA Financial Crimes Enforcement Conference, we will showcase on our booth # 918 how you can follow the money trail and share permissible information under section 314(b) to capture the right evidence to file thorough SARs to FinCEN” said Eric Tran-Le, VP of Product Management at Guardian Analytics.
To schedule a meeting with the Guardian Analytics and Fintel team during the event, please click here.
About Guardian Analytics
Guardian Analytics is the pioneer and leading provider of behavioral analytics and machine learning solutions for banking fraud detection and AML. Hundreds of financial institutions have standardized on Guardian Analytics’ innovative solutions to mitigate fraud risk and rely on the company to stop the sophisticated criminal attacks targeting retail and commercial banking clients. With Guardian Analytics, financial institutions build trust, increase competitiveness, improve their customer experience and scale operations. Guardian Analytics is privately held and based in Mountain View, CA. For more information, please visit www.GuardianAnalytics.com.
Guardian Analytics is a registered trademark of Guardian Analytics, Inc.
About Fintel Technologies
Fintel is a SaaS application for financial institutions to communicate and share information about financial crimes including money laundering, terrorism, and cyber-fraud. Fintel is used alongside existing systems with minimal impact on IT and operational risk management processes. Fintel leverages USA PATRIOT Act 314(b), a government-sanctioned information sharing program and processes information sharing requests in a structured, secure and legally compliant manner. Fintel can be used by over 10,000 domestic financial institutions including banks, broker-dealers, money service businesses and insurance companies. The company is headquartered in New York City. To learn more about Fintel, visit www.fintel.com.
Media contact: Choua Wu