Behavox, an AI-driven compliance solutions firm, has partnered with BNY Mellon with the aim of enhancing the latter’s compliance program.
The partnership aims to enhance BNY Mellon’s compliance program significantly. This collaboration stems from an extensive evaluation process where Behavox showcased its ability to support the firm in advancing efficiency and effectiveness within its risk and compliance frameworks.
Behavox specializes in leveraging artificial intelligence to streamline how organizations identify and mitigate risks, particularly in compliance. Their AI-driven approach represents a modern solution to the complexities of compliance in the financial sector. On the other hand, BNY Mellon, as a leading financial services institution and the world’s largest custodian, provides a broad spectrum of services including asset servicing, investment management, and wealth management, thus necessitating a robust and efficient compliance program.
BNY Mellon joins an elite group of financial institutions that have adopted Behavox Quantum to enhance their compliance communications monitoring programs. This decision by BNY Mellon demonstrates a commitment to leveraging state-of-the-art technology for regulatory adherence and risk management.
The partnership is already showing promising signs, with BNY Mellon expressing confidence in Behavox’s responsiveness, flexibility, and commitment to high standards of quality, indicating a strong start to this collaboration.
“BNY Mellon continues to find opportunities to tap into powerful and innovative technologies offered by firms like Behavox,” Tom Wileman, Managing Director – Head of Global Compliance Assurance, at BNY Mellon, noted. “Our experience is off to a good start with Behavox’s responsiveness, flexibility, and commitment to high standards of quality giving us confidence in them as a long-term partner.”
Nabeel Ebrahim, Chief Revenue Officer at Behavox, said, “Behavox is honored to work with an organization like BNY Mellon, which values technological innovation and compliance with regulatory commitments. We are confident in delivering and expanding our solution at BNY Mellon.”
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