Sygno

Sygno provides technology for financial institutions to enhance their transaction monitoring systems for Anti-Money Laundering (AML) and fraud detection. The company develops Sygno Analytics, a solution that uses advanced machine learning to model the normal behavior of a bank's customers, which highlights anomalous or suspicious transactions. This approach is designed to significantly reduce the number of false positives, with a potential reduction of around 80%, allowing compliance analysts to focus on genuinely critical cases. Furthermore, the system is engineered to detect a higher volume of financial crime, potentially up to 300% more than traditional rule-based systems. Sygno ensures transparency by generating explainable and auditable models in the code language required for the client's existing transaction monitoring environment, simplifying implementation and providing clarity for risk owners, auditors, and regulators.