We’re reinventing AML
Meet the combination of next-generation technology and best-in-class anti money laundering and countering the financing of terrorism (AML/CFT) expertise for a secure, dynamic and effective solution for financial institutions
See how it works
Financial crime is everywhere.
Financial institutions have the responsibility to fight growing financial crimes like fraud, money laundering and the financing of terrorism. Between $800 billion and $2 trillion in illicit transactions move through the global financial system every year, but authorities intercept less than 1% of those amounts.
Limits to data sharing make it hard to fight.
Burdened by the limits below, financial institutions are unable to share risks and insights in real time. As a result, sophisticated actors abuse this system, leaping from institution to institution and hiding their tracks.
- Prohibitive Costs
- Data replication infrastructure is scarce
- Data transfer is expensive
A more efficient, more effective way.
Consilient reinvents AML/CFT through a behavioral-based, machine learning-driven utility and governance model that enables financial institutions to more effectively share information about risks and illicit actors in real-time, while adhering to privacy protections and data localization restrictions.
Consilient uses federated learning, which allows financial institutions to access and interrogate data sets in different institutions, databases, and even jurisdictions, all without ever moving the data.
Founded in 2020 through a partnership between K2 Integrity and Giant Oak, Consilient brings together next-generation technology and best-in-class anti-money laundering and countering the financing of terrorism (AML/CFT) knowledge to power a more secure, dynamic and effective solution for financial institutions. Consilient’s behavioral-based machine learning-driven utility – the DOZER algorithm – and governance model equips financial institutions to securely share risks and insights in real time.
Gary M. Shiffman
Co-Founder & CEO
Gary M. Shiffman applies economic science to combating illicit violence and coercion. He served in the Gulf War, has served as a National Security professional in the U.S. Senate and at the U.S. Department of Homeland Security, and has led on several DARPA-funded research programs. He is founder and CEO of Giant Oak, and the inventor of GOST, a machine learning-based screening platform. He teaches at Georgetown University and is the author of The Economics of Violence (Cambridge University Press, 2020).
Co-Founder & Chair of the Board
The Honorable Juan Zarate is global co-managing partner and chief strategy officer at K2 Integrity. He was the first-ever Assistant Secretary of the Treasury for terrorist financing and financial crimes, where he led the post-9/11 anti-money laundering and sanctions regime expansion in the United States.
Forbes: Data’s Double Edges: How To Use Machine Learning To Solve The Problem Of Unused Data In Risk Management
This article by Gary M. Shiffman originally appeared in Forbes on June 16, 2021. View the full article here. According to my company's research, a full 25% of PPP fraud cases brought by the Department of Justice could have been easily prevented. The fraud is so...
This article by Gary M. Shiffman originally appeared in WashingtonExec on June 30, 2021. View the full article here. Mission: Impossible In the 1996 movie “Mission: Impossible,” Ethan Hunt (played by Tom Cruise) is part of an elite intelligence and national security...
Industry Leaders Gather with Consilient and Intel Executives to Discuss How Federated Learning Unlocks the Full Potential of Artificial Intelligence for Fighting Financial Crime at Federated Learning Conference
Consilient and Intel team up to teach about federated learning’s tremendous impact on the future of business and society at the Second Annual Federated & Distributed/Decentralized Machine Learning Conference ARLINGTON, Va. - This week, Consilient and Intel...
CEO Gary M. Shiffman Pushes Bank Compliance and Risk Professionals to Use Measurement of Artificial Intelligence Performance to Overcome Bias at American Bankers Association Webinar
Gary M. Shiffman, PhD, Founder and CEO of Giant Oak and Consilient, taught concepts such as Machine Learning “distributions” and “thresholds” to empower risk and compliance professionals to make decisions in an AI-enabled world ARLINGTON, Va. - Gary M. Shiffman, PhD,...
ABA Bank Compliance Magazine: AI and the Future of Bank Compliance: How Do You Know If It Is Working?
This article by Gary M. Shiffman originally appeared the ABA Bank Compliance Magazine. Artificial Intelligence democratizes; it is the great equalizer that allows non-technical people to perform complex and previously unthinkable tasks using technology, without...
Morning Consult: Federated Learning Is The New Thing in AI/ML for Detecting Financial Crimes and Managing Risk
This article by Nikhil Deshpande and Gary M. Shiffman originally appeared in Morning Consult. In September, FinCEN began seeking solicitation on crafting a brand new regulation defining the effectiveness and efficiency of anti-money laundering programs. In...
This article originally appeared in VentureBeat. Confidential computing and privacy-preserving analytics are relatively new terms in the tech world. Yet they’ve continued to gain wider interest as a way to solve the complex challenges of protecting and securing data...
This article originally appeared in HelpNetSecurity. Fortanix announced that its technology is powering new applications of confidential computing. Confidential computing protects applications and the sensitive data they process from unauthorized access...
This article by Dave Nyczepir was originally published in FedScoop. Click here for the full article. The Small Business Administration issued $692 million in duplicate pandemic relief loans because it failed to add the proper controls to its electronic application...
Giant Oak & Cornerstone Government Affairs Hosted the First of a National Security Lecture Series at Morehouse College’s Alternative Crown Forum
Students learn about the value of artificial intelligence and federated learning and the need for increased diversity in the national security space ARLINGTON, Va. – Today, students at Morehouse College, the historically black liberal arts college based in Atlanta,...
Giant Oak and Consilient Founder and CEO Gary Shiffman Presents to Technology Industry Leaders at the Future of AI Conference
Shiffman argues the future of AI is collaboration and privacy preservation through machine learning and artificial intelligence ARLINGTON, Va. – Today, Giant Oak, Inc. and Consilient Founder and CEO Gary M. Shiffman, Ph.D., presented a vision for the value of AI and...
Irregular Warfare Podcast hosts Kyle Atwell and Shawna Sinnott interview co-founders Gary Shiffman and Juan Zarate about the economic drivers of illicit violence. Together, Shiffman and Zarate believe that social science can help us understand why terrorists,...
by Gary M. Shiffman, PhD. This article was originally published in The Hill. Click here for the full article. “America is back” means that President Biden faces a slew of foreign policy challenges as he modifies the course of U.S. national security. From...
Consilient Bank Trials Demonstrate Federated Machine Learning Improves Effectiveness and Efficiency for Financial Crime Detection
Consilient applies its federated learning model and machine-learning technology for anti-money laundering and countering the financing of terrorism efforts for financial institutions ARLINGTON, Va. – In recent bank trials, fintech innovator Consilient demonstrated...
Gary Shiffman interviews with Washington Executive to discuss advanced screening technologies and the importance of preventing fraud.
Cybercriminals recruit unwitting accomplices to launder cash via electronic transfer. Ads that offered the opportunity to “Make $$$ working from home” once were stapled to telephone poles. Today, they’re posted in internet chats, online job boards and social...
EconTalk host Russ Roberts interviews Gary Shiffman about his book, The Economics of Violence. Shiffman argues that we should view terrorism, insurgency, and crime as being less about ideology and more about personal expression and entrepreneurship. He argues that...
by Gary M. Shiffman, PhD. This article was originally published in The Hill. Click here for the full article. The FinCEN Files didn’t pull back the curtain on crime within our banking system; it pulled back the curtain on the system enabling crime to thrive. This...
Consilient Executives Speak at the American Bankers Association and American Bar Association’s Financial Crimes Enforcement Conference, Unveil New Explainer Film
Co-Founder and Chairman of the Board Juan Zarate delivered the opening keynote address about the current state of the financial crime industry, and Co-Founder and CEO Gary Shiffman discussed the future of the industry in a closing speakers panel
A 21st Century Solution for Combating Money Laundering and the Financing of Terrorism.
Consilient: K2 Intelligence Financial Integrity Network and Giant Oak Collaborate with Intel to Launch the New Approach to Fighting Financial Crime
Consilient brings together next-generation technology and best-in-class anti-money laundering (AML) and countering the financing of terrorism (CFT) knowledge for financial institutions, beginning with PNC Bank and Key Bank, by securely applying transfer learning to discover evolving criminal activity
If you have any questions or are interested in partnering with us, feel free to fill out the contact form. We look forward to hearing from you.