SymphonyAI Recognized as the Winner in the "Best Financial Crime Investigation and Reporting Solution" Category by Datos Insights in the 2024 Fraud & AML Impact Awards

SymphonyAI Sensa Investigation Hub recognized for its ability to improve financial crime controls and accelerate investigations amid increasing alert volumes and false positives

PALO ALTO, Calif.--(BUSINESS WIRE)--SymphonyAI, a leader in predictive and generative enterprise AI SaaS products, today announced that Datos Insights recognized Sensa Investigation Hub as the winner in the Best Financial Crime Investigation and Reporting Solution category in the 2024 Fraud and AML Impact Awards.

Sensa Investigation Hub is an advanced AI-based product that accelerates financial crime investigations by up to 70% via its Sensa Copilot capability, a subject-centric view, and an intuitive user interface. Sensa Integration Hub consolidates a customer’s enterprise-wide risk and compliance ecosystem with a single platform to gain a holistic, subject-centric view of the criminal and regulatory risk facing an organization. The Sensa Copilot, a generative AI assistant for investigators, searches all available data sources to provide instant summaries, data visualizations, and answers to questions. The copilot automatically generates a detailed narrative summarizing the findings of the investigation. The investigator can use this narrative to file disclosures, escalate for further investigation, or close the alert as appropriate.

Datos Insights’ annual Fraud & AML Impact Awards recognizes innovations leading the industry and pioneering new and disruptive financial crime products and capabilities. The “Best Financial Crime Investigation and Reporting Solution” category spotlights innovations that transform and modernize prioritizing, decisioning, and documenting suspicious activity and watchlist filtering alert investigations, as well as developing and submitting reports to senior management and regulatory authorities.

“The relentless pace of attacks and sophistication of organized financial crime compels the financial services industry to double down on innovation, automation, and data, or face the risk at being increasingly overwhelmed by bad actors,” says Becki LaPorte, a Fraud & AML Strategic Advisor at Datos Insights. “In this heightened risk environment, SymphonyAI’s Sensa Investigation Hub’s innovative and effective use of AI offers the industry the potential to break down data silos, elevate investigator productivity, and transform financial crime operations.”

“SymphonyAI’s aggressive innovation in delivering products combining predictive and generative AI for enterprise financial services is driving accelerated market recognition and customer adoption worldwide,” said Mike Foster, president of the SymphonyAI financial services division. “We are delighted with this exciting recognition from Datos Insights for Sensa Investigation Hub, which is revolutionizing financial crime investigation accuracy, productivity, and efficacy for innovative financial institutions across the globe.”

About Datos Insights

Datos Insights delivers the most comprehensive and industry-specific data and advice to the companies trusted to protect and grow the world’s assets, and to the technology and service providers who support them. Staffed by experienced industry executives, researchers, and consultants, we support the world’s most progressive banks, insurers, investment firms, and technology companies through a mix of insights and advisory subscriptions, data services, custom projects and consulting, conferences, and executive councils. Visit datos-insights.com to learn more.

About SymphonyAI

SymphonyAI is a leading enterprise AI SaaS company for digital transformation across the most critical and resilient growth verticals, including retail, consumer packaged goods, financial services, manufacturing, media, and IT/enterprise service management. SymphonyAI verticals have many leading enterprises as clients. Since its founding in 2017, SymphonyAI has grown rapidly to 3,000 talented leaders, data scientists, and other professionals. A 2024 Microsoft Partner of the Year for Business Transformation – AI Innovation, SymphonyAI is a SAIGroup company, backed by a $1 billion commitment from successful entrepreneur and philanthropist Dr. Romesh Wadhwani. Learn more at www.symphonyai.com.