Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight, which specialises in AI-driven compliance solutions.

This collaboration will involve the deployment of Silent Eight’s AI platform, Iris, to enhance AIA’s financial crime compliance screening processes across multiple jurisdictions.

Silent Eight operates in over 150 markets, providing AI tools that help major financial institutions tackle various compliance challenges, including sanctions, payments, adverse news, transaction monitoring, and screening for politically exposed persons.

Matt Leaney, Chief Revenue Officer at Silent Eight said,

“Silent Eight is delighted to be working with AIA and we look forward to supporting their compliance controls through the use of AI.”

Hritesh Mehta, Head of Group Compliance at AIA added,

“Integrating Silent Eight’s capabilities will enable us to streamline our financial crime compliance screening processes. This reflects our steadfast commitment to safeguarding our customers and protecting our business integrity.”

Featured image credit: Edited from Freepik

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