Eventus, a provider of trade surveillance and financial risk solutions, has launched Frank AI, its artificial intelligence solution purpose-built for financial compliance teams and surveillance analytics.
According to the firm, the use of deterministic AI for the trade surveillance solution ensures that clients achieve secure, repeatable and transparent results — a necessity for regulatory inquiries and audits.
Frank includes a suite of AI tools and behavioral analytics which, according to Eventus, helps clients automate complex processes, improve accuracy, reduce alert noise, and enhance operational efficiency, as well as identify nuanced patterns of misconduct more effectively in their trade surveillance and risk monitoring programs.
Travis Schwab, CEO at Eventus, says: “We’re excited about the groundbreaking nature of Frank AI and the power it puts into our clients’ hands for compliance and risk analysis. It provides extreme flexibility, adapting to different analytical needs and user expertise levels.
“We’ve spent the past year investing significantly in processing infrastructure to provide us with much greater scale to handle the needs of the world’s largest financial institutions.
“As we transition our clients to the new architecture, they can deploy Frank AI within hours, enjoy seamless integration with their existing technology infrastructure and leverage the full range of capabilities it will provide.”
Frank AI enables queries using conversational English as a chat interface into the firm’s Validus platform’s data, which allows users to transform their daily workflow and interact on-demand with their real-time data intuitively, the firm suggests.
Users can automate manual tasks, including report generation and query building.
Frank is compatible with many public LLMs, including OpenAI, Anthropic, and Google.
Martina Rejsjö, vice president, product management at Eventus, adds: “Frank AI sets a new standard for AI in financial compliance by solving the fundamental challenge that has prevented widespread AI adoption in regulated environments — the need for deterministic, auditable and secure AI responses.
“Frank AI delivers consistent, traceable results that compliance teams can trust and regulators can verify. Our commitment to the need for explainability and regulatory readiness has defined our AI roadmap.
“This breakthrough enables our clients to harness the power of AI while maintaining full regulatory compliance and operational control."
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