Behavox, a leading provider of AI-driven compliance solutions, has successfully implemented Behavox Quantum© for compliance supervision at Evercore, a premier global independent investment banking advisory firm. Evercore’s Chief Compliance Officer, John Crowe, expressed satisfaction with the benefits of Behavox’s single platform, which allows for the monitoring of multiple streams of communication data. Crowe also praised Behavox for its flexibility, responsiveness, and problem-solving abilities.
Evercore is the latest organization to adopt Behavox Quantum AI for communications monitoring, joining a growing number of multinational banks, hedge funds, asset managers, and private equity firms. Behavox Quantum AI provides robust detection capabilities and is known for its simplicity and explainability in implementation.
Nabeel Ebrahim, Behavox’s Chief Revenue Officer, highlighted the importance of Behavox’s solutions in the current regulatory environment, where unauthorized uses of instant messaging have led to increased regulatory action. Ebrahim expressed enthusiasm about the partnership with Evercore and their joint commitment to regulatory and technical excellence.
To learn more about the evolution of Artificial Intelligence and Large Language Models (LLM) for compliance, security, and other industries, Behavox is hosting an exclusive “AI 101 for Compliance & Security Summit” in New York on October 19.
Behavox is the leading provider of AI-driven compliance and security solutions, focusing on proactive detection and mitigation of human risks within organizations. Through its products, such as Behavox Voice and Behavox Insider Threat, the company is transforming how compliance and security teams manage risks and maintain organizational integrity.
Source: Business Wire
Definitions:
1. AI-driven compliance solutions: These are software solutions that utilize artificial intelligence technologies to monitor and enforce compliance with regulatory requirements within organizations.
2. Compliance supervision: The act of overseeing and ensuring that employees and organizations operate in accordance with applicable laws, regulations, and internal policies.
3. Multinational banks: Financial institutions that operate in multiple countries, with branches or subsidiaries around the world.
4. Hedge funds: Investment funds that pool capital from accredited individuals or institutional investors to invest in various assets, typically with more flexible investment strategies compared to traditional funds.
5. Asset managers: Professionals or firms responsible for investing and managing assets on behalf of clients, such as individuals or institutions.
6. Private equity firms: Investment firms that provide capital to private companies and acquire ownership stakes in exchange for funding.
Source: Behavox Ltd (www.behavox.com)
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2023-10-13 18:11:59
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