Sygno, based in the Netherlands, specialized in AI solutions for combating fraud and money laundering, recently secured a strategic investment from TIN Capital and ROM Utrecht Region. TIN Capital, a notable investor in cybersecurity, aims to foster international growth for promising firms like Sygno. With these funds, Sygno plans to develop its explainable AI models, facilitating quicker detection of suspicious transactions by financial institutions. Their technology addresses the significant challenges posed by regulations and a lack of AI expertise in the industry, enhancing compliance processes seamlessly.
"Following our investment through the Dutch Security Tech Fund in Sygno, we're pleased that ROM Utrecht Region is now contributing to Sygno's international growth," says Roel Reijnen, Partner at TIN Capital. "Financial institutions can significantly improve their approach to fraud and money laundering, and Sygno enables this without requiring changes to existing systems. This low-barrier approach is what makes Sygno successful."
Sygno develops advanced AI solutions that help financial institutions automatically and accurately detect unusual transaction patterns. The technology enhances existing transaction monitoring systems with AI, helping organisations structure their compliance processes more efficiently and reliably.
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