AML RightSource Acquires QuantaVerse

  • Security , AML and KYC
  • 17.08.2021 05:05 pm

AML RightSource (“AMLRS”), the leading outsourced provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance solutions, is pleased to announce that it has acquired QuantaVerse, Inc.

Founded in 2014, QuantaVerse uses advanced data science to automate and improve financial crime identification, alert investigations, and the documentation of investigation results. The QuantaVerse Financial Crime Platform reduces financial crime risk by identifying patterns and discerning anomalies that are regularly missed, increases efficiency by reducing false positives while speeding investigations, and lowers operational risks by delivering consistent, accurate, high quality results. 

“We could not be more excited to be joining forces with AML RightSource,” shared David McLaughlin, Founder and Chief Executive Officer of QuantaVerse.Combining our technology solutions with AML RightSource’s global advisory and managed services offerings, in an integrated deployment framework, will enable customers to improve flexibility, scale, and regulatory compliance. The strategy that’s been put in place by AML RightSource is going to drive a paradigm shift in the industry.”

QuantaVerse uses robotic process automation (RPA) and machine learning to automate financial crime identification and investigation, helping to rid organizations of money laundering and other financial crime related to drug trade, human trafficking, terrorism, and political corruption. QuantaVerse solutions have helped clients more efficiently comply with AML, KYC, and FCPA (Foreign Corrupt Practices Act) regulations.

“We are thrilled to have David and the QuantaVerse team join us in our mission to fight financial crime and diversify our services for customers,” added Frank Ewing, Chief Executive Officer at AML RightSource;Adding QuantaVerse will help us provide our clients improved ROI by eliminating noise and unproductive reviews, through their nimble infrastructure which seamlessly integrates with in-place systems. It also accelerates our strategy to offer more tech-enabled services to support our clients.”

AML RightSource provides custom solutions to financial institutions, FinTechs, money service businesses, and corporations using a blend of highly trained anti-financial crime professionals, cutting edge technology tools, and industry leading consultants. AMLRS is backed by Gridiron Capital, LLC (“Gridiron Capital”), a leading investment firm focused on partnering with founders, entrepreneurs, and management teams.

Related News