Silent Eight, a leading Regtech firm specializing in partnering with major financial institutions to drive efficiency, increased accuracy, and adaptability within their financial crime programs, today announced the expansion of its relationship with HSBC to implement Automated Alert Closure for Transactions automated investigation, and resolution of alerts in real-time.

To date, Silent Eight supplied HSBC with name screening and adverse media automation solutions that supported the bank in detecting more financial crime, with less friction.

This expansion will further improve the bank's compliance operations. Silent Eight's solutions underpin HSBC's dedication to advancing automation and digital enablement.

Ben Rayner, Regional Head for UKI & EMEA at Silent Eight said "HSBC has demonstrated its ongoing commitment to operational excellence and innovation within financial crime. We are exceptionally proud of our long-standing relationship with the company and their desire to adopt cutting-edge technology to reach their goals''.

Chris Pratt, Group Head of Transaction Screening, HSBC said "In the realm of financial transactions, precision is paramount. Working with Silent Eight is not only about driving efficiency in screening but ensuring accuracy. Our further investment in Silent Eight technology underscores our strategy to deliver safe automation and improved outcomes for our customers".