Behavox, which provides the world’s only AI-based end-to-end data operating platform that enables enterprises to aggregate, analyze, and act on their entire organization’s data, announced that Danske Bank A/S, Denmark’s largest, full-service bank, has selected Behavox as its platform for electronic and audio communication compliance supervision.
Read More: M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms
As Behavox’s momentum in the finance sector continues to grow globally, Danske Bank represents its latest customer win in Europe. Danske Bank’s decision to select Behavox stems from the banking giant’s strategy to grow its business on the back of advanced data analytics – analytics that will help Danske Bank become faster, smarter, and more agile in supporting hundreds of branch sites and millions of clients throughout the Nordics.
Read More: bitFlyer: Confidence in Cryptocurrency Increases Across European Populations Year-On-Year Despite Ongoing Coronavirus Crisis
According to Simon Kingsbury, Executive Vice President at Danske Bank, the use of effective data analytics to strengthen regulatory compliance controls is part of the wider efforts to modernize banking. Compliance efforts must be executed quickly, efficiently, and intelligently. To achieve greater agility and speed, particularly in a macroeconomic environment with increasingly distributed work environments, Mr. Kingsbury said Danske Bank is using Behavox to establish compliance operations that are fueled by cutting-edge artificial intelligence and machine learning. The Behavox Compliance solution’s AI and ML capabilities provide powerful data analytics to help & identify immediate actions for ensuring regulatory compliance.
“At Danske Bank, compliance is not a checkbox,” said Mr. Kingsbury. “It is an integral part of our strategy in a competitive and demanding regulatory environment.”
Behavox supports financial regulatory compliance requirements for Dodd-Frank, MAR, FCPA, SMR, and MiFID II. Its solutions meet the requirements of the most demanding global regulators, such as FINRA, CFTC, and FCA. After conducting extensive due diligence, Mr. Kingsbury and the Danske Bank team selected Behavox because of its performance, the ability to deploy quickly, and key functional benefits.
Read More: Simple Announces Launch of Tax Refund Feature to Automate Savings for Customers