Financial Crime Insights, News & Events

 

Implementing the Crypto Travel Rule – Building the Right Technology Stack

Implementing the Crypto Travel Rule – Building the Right Technology Stack

This is the second installment of MinervaAI’s two-part series on the Travel Rule. Our first article broke down the nuts and bolts of the rule itself and highlighted key implementation challenges such as data privacy, interoperability and the “sunrise” issue.

In this follow-up, we look at how to operationalize Travel Rule compliance by implementing the right technologies.

Politically Exposed Persons | AI Driven Accuracy

Politically Exposed Persons | AI Driven Accuracy

Identifying PEPs is difficult. Traditional methods like occupation screening and name matching alone cannot address the two key challenges faced by financial institutions:

Broad and varied definitions across multiple jurisdictions, and
the lack of centrally managed, reputable lists that identify PEPs.

This article explores PEP requirements and demonstrates how AI driven searches will increase PEP identification accuracy.

News – Binance Partners with MinervaAI for Compliance in Canada

News – Binance Partners with MinervaAI for Compliance in Canada

Binance and MinervaAI Partner for Compliance in Canada   SEPTEMBER 13, 2022 BY KNOWLTON THOMAS - as published at fintech.ca Binance Canada announced it will partner with Ontario-born MinervaAI, a technology provider for the detection and investigation of...

AI for AML | Why name matching just isn’t enough!

AI for AML | Why name matching just isn’t enough!

Damian Tran, Co-founder and CTO talks to us about how advancements in AI have led to a faster, cleaner enhanced due diligence and AML investigation experience.Let's talk Anti-Money Laundering (AML)! When you Co-Founded MinervaAI with Jennifer Arnold and Victor Tay,...

AML Compliance – Make KYC a Competitive Advantage

AML Compliance – Make KYC a Competitive Advantage

Jennifer Arnold, CEO and Co-Founder of MinervaAI talks to us about one of the most challenging aspects of a solid anti-money laundering program - The Risk Assessment. Make AI Driven KYC Your Competitive Advantage!Making sense of AML Compliance and KYC risk through...

KYC Know Your Customer and Your AML Obligations

KYC Know Your Customer and Your AML Obligations

In the Age of Real-Time Rails and Open BankingOriginally Published by the National Crowdfunding &FinTech Association (NCFA), FinTech Confidential October 2021 Canada’s innovation landscape is evolving like never before. With Payments Modernization, Open Banking,...

We chose MinervaAI for its AI capabilities to automate our regulatory obligations including Know Your Customer and Enhanced Due Diligence aspects of AML onboarding, risk rating and ongoing compliance monitoring. MinervaAI’s automated process that produces fully auditable reports allows the investigators to add value by allocating time to analysis instead of the tedium of document collection.

 

– Chief Compliance Officer
Crypto Custodian

MinervaAI has become a trusted partner in fulfilling certain aspects of Mogo’s anti-money laundering and anti-terrorist financing compliance regime. They adapt quickly to changes in sanctions and other regulatory requirements, providing us with a high level of confidence in their services. We have found their team to be knowledgeable and readily available for support!

 

– Catharine Martin
Senior Director Governance and Compliance. MOGO

News

January 2022

Medium.com article: The Era of Digital Crime where MinervaAI is identified as a leading solution.

October 2021

MinervaAI wins Best AI Solution for the Detection and Prevention of Financial Crime at CRTA Awards.

September 2021

CIX Top 20 Early-Stage Startups for 2021

June 2021

MinervaAI makes Techto’s list of Canadian Rocketship companies for 2021