The startup operates a financial crime intelligence platform that utilizes artificial intelligence and graph-based databases to identify potential risks in banking and financial institutions. By providing global screening and real-time risk assessment tools, the platform enhances the investigation of complex financial cases.
Funding
$430K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial institutions face increasing challenges in detecting and preventing financial crime due to the globalization of financial networks and the sophistication of criminal activities. Traditional KYC policies often fall short, as they focus solely on individual customers and fail to account for the complex relationships within their networks. This makes it difficult to identify potential risks associated with organized crime, terrorism financing, and other illicit activities.
Solution
Schwarzthal Tech offers Wunderschild, an AI-driven financial crime intelligence platform that helps financial institutions "Know Your Network" (KYN) to enhance compliance and investigation techniques. The platform leverages a global business registry enriched with machine learning to provide network assessment, data linkage, and flow aggregation. By gathering publicly available information and assessing connections to criminal or suspicious networks, Wunderschild enables proactive risk assessment and deeper insights into complex transnational crime cases, including tax fraud, money laundering, and market abuse. The platform's scoring tools, based on semi-supervised learning, enhance compliance functions, while its graph-based databases facilitate the investigation of intricate financial relationships.
Target Audience
The primary target audience includes banks, financial institutions, and compliance professionals seeking to enhance their KYC and AML processes, investigate complex financial crimes, and proactively manage risks associated with illicit financial networks.
Features
- Global companies' beneficiaries network analysis
- KYC & Enhanced Due Diligence capabilities
- Multi-dimensional risk rating
- Access to 110 million nodes, 97 million connections, and 125 media sources
- Text mining in 5 languages
- Coverage of jurisdictions including the UK, France, Belgium, Russia, Ireland, Estonia, Kazakhstan, Ukraine, Poland, Panama, and Malta
- Adverse media scanning with financial crime news aggregation
- Entity and relationship extraction from media sources
- Advanced OCR for multilingual document analysis
- Key information extraction from documents
- Transaction monitoring for suspicious activity detection
- Fraud pattern recognition
- Risk assessment tools
- API access for enterprise clients