Next Generation Technology for Financial Crime Prevention and Compliance

See How It Works

Consilient’s Federated Machine Learning enables global insights and collaboration that empower organizations to discover and manage financial crime risks dynamically and effectively. All without the challenges and costs of sharing or moving data.

Our Founding Partners

Giant Oak operates at the frontier of behavioral science and machine learning and brings best in class technological expertise to the Consilient solution.

K2 Integrity is the preeminent risk, compliance, investigations, and monitoring firm bringing industry leadership and insights to the Consilient solution.

We’re Proud to Go to Market With:

Consilient is Intel’s technology partner for the financial crime suite of software solutions for financial services customers. We’re applying Intel® Software Guard Extensions in the financial space.

How it Works

 

Financial crime is everywhere.

Financial crime is everywhere.

Financial crime like fraud, money laundering and the financing of terrorism are on the rise. Between $800 billion and $2 trillion in illicit transactions move through the global financial system every year.

But the current approach to prevention intercepts less than 1% of these transactions, meaning financial institutions have spent billions on compliance solutions that are not effective. Classic transaction monitoring systems produce astronomical false-positive rates exceeding 95%.

 

Limitations of data sharing make it hard to fight.

Burdened by data privacy requirements, growing data localization laws, and the prohibitive costs of data transfers, financial institutions are unable to share risks and insights in real time. As a result, sophisticated actors are free to abuse the financial system, leaping from institution to institution and hiding their tracks.

•  Security
•  Privacy
•  Sovereignty
•  Regulations
•  Prohibitive Costs
•  Data replication infrastructure is scarce
•  Data transfer is expensive

Limitations of data sharing make it hard to fight.

Burdened by data privacy requirements, growing data localization laws, and the prohibitive costs of data transfers, financial institutions are unable to share risks and insights in real time. As a result, sophisticated actors are free to abuse the financial system, leaping from institution to institution and hiding their tracks.

•  Security
•  Privacy
•  Sovereignty
•  Regulations
•  Prohibitive Costs
•  Data replication infrastructure is scarce
•  Data transfer is expensive

A more efficient, more effective way.

Consilient reinvents AML/CFT through a technology called federated machine learning (FML). FML enables financial institutions to share information about risks and illicit actors quickly and efficiently — all while complying with consumer privacy protections and data localization restrictions.

That means greater efficiency and effectiveness in the fight against financial crime.

A more efficient, more effective way.

Consilient reinvents AML/CFT through a technology called federated machine learning (FML). FML enables financial institutions to share information about risks and illicit actors quickly and efficiently — all while complying with consumer privacy protections and data localization restrictions.

That means greater efficiency and effectiveness in the fight against financial crime.

A more efficient, more effective way.

Consilient reinvents AML/CFT through a technology called federated machine learning (FML). FML enables financial institutions to share information about risks and illicit actors quickly and efficiently — all while complying with consumer privacy protections and data localization restrictions.

That means greater efficiency and effectiveness in the fight against financial crime.

The DozerTM solution.

DozerTM, Consilient’s flagship technology, is an industry-leading innovation in federated machine learning that allows institutions to collaborate in combating financial crime without risking data privacy. Dozer users don’t need to move the data itself. Instead, Dozer shares algorithms that it has trained on the best data from a host of different financial institutions. Through Dozer, we can deliver better results at lower costs — without compromising on compliance and while enhancing regulatory compliance and collaboration.

The DozerTM solution.

DozerTM, Consilient’s flagship technology, is an industry-leading innovation in federated machine learning that allows institutions to collaborate in combating financial crime without risking data privacy. Dozer users don’t need to move the data itself. Instead, Dozer shares algorithms that it has trained on the best data from a host of different financial institutions. Through Dozer, we can deliver better results at lower costs — without compromising on compliance and while enhancing regulatory compliance and collaboration.

Contact us to get started making your financial institution more secure

About Consilient

We’re bringing federated machine learning to the fight against financial crime.

Gary M. Shiffman

Juan Zarate

Shawn Holtzclaw

Resources

The difficulty of implementing revolutionary changes

The difficulty of implementing revolutionary changes

By Laurence Hamilton, Chief Commercial Officer, Consilient What are the impediments and challenges for FIs in making revolutionary changes in a highly regulated environment? Technology can significantly enhance firms’ ability to identify and prevent financial crime....

Tackling Financial Fraud With Machine Learning

Tackling Financial Fraud With Machine Learning

Written by Tatiana Walk-Morris www.darkreading.com Deepfakes — also known as synthetic media — can be used for more than impersonating celebrities and making disinformation more believable. They can also be used for financial fraud. Fraudsters can use deepfake...

Federated Machine Learning: The Future of Financial Crime Prevention

Federated Machine Learning: The Future of Financial Crime Prevention

Introduction Money laundering underpins and enables most forms of organized crime, allowing criminal groups to further their operations and conceal illicit capital. Technology adoption and the subsequent integration of financial markets has increased the accessibility...

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