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AML RightSource Strengthens Its Market Position Acquiring QuantaVerse

by sol-admin

AML RightSource is the leading firm solely focused on Anti-Money Laundering (AML)/Bank Secrecy Act (BSA) and financial crimes compliance solutions. It provides highly-trained AML/BSA professionals to assist banks and non-bank financial institutions to meet day-to-day compliance tasks. This Tuesday, the company announced it has acquired QuantaVerse, Inc. to expand its offerings.

Founded in 2014, QuantaVerse uses RPA and machine learning to automate financial crime identification and investigation, helping to rid organizations of money laundering and other financial crime related to the drug trade, human trafficking, terrorism, and political corruption. QuantaVerse solutions have helped clients more efficiently comply with AML, KYC, and FCPA (Foreign Corrupt Practices Act) regulations.

“We could not be more excited to be joining forces with AML RightSource. Combining our technology solutions with AML RightSource’s global advisory and managed services offerings, in an integrated deployment framework, will enable customers to improve flexibility, scale, and regulatory compliance. The strategy that’s been put in place by AML RightSource is going to drive a paradigm shift in the industry.”

David McLaughlin, Founder and CEO of QuantaVerse