3 years ago

Schwarzthal Tech Raises £150K for AI-Powered Financial Crime Intelligence Platform

  • Schwarzthal Tech, a London-based startup specializing in Financial Crime Intelligence, has secured £150K in Pre-Seed funding led by SFC Capital

  • The company will use the funds for platform development, team expansion, and obtaining an intellectual property patent for their "Know your Network" methodology

  • This methodology leverages AI to gather publicly available information and build individual networks to support investigations into potential criminals, providing financial institutions with a comprehensive risk assessment tool.

      • ProblemTechnology Infrastructure

      "Financial institutions struggle to effectively assess the risk of potential customers being involved in financial crimes. Existing methods are often time-consuming, manual, and incomplete, making it difficult to identify and mitigate risks."

      Solution

      "Schwarzthal Tech uses AI to analyze publicly available information and build detailed networks of individuals, revealing their connections and potential risks. This helps financial institutions quickly and accurately assess customer risk, making it easier to fight financial crime."

      Covered on